The yacht and boat insurance market is very competitive, spanning the traditional insurers through to specialist Lloyd’s markets, the latter mostly only accessible by specialist brokers such as Innovation.
Your yacht or boat will no doubt be a pleasurable and expensive pastime! Insurance as with all major assets, adds to that cost and is an especially important consideration for boat owners.
Cover needs to deal with third party and passenger liability risks, protection for the boat itself, cover for tenders and dinghies, as well as personal possession inside the boat. And that’s just the starting point. You may also need to take out medical or travel insurance for you and the passengers, or any crew and consider personal accident insurance, or breakdown cover.
Many boat owners will expect a “my broker” service (as should everyone!) to deal with immediate insurance problems and adjustments to their policies for things such as overseas, country specific, liability certificates, up to date policy schedules, or not uncommonly, a change to the cruising range to permit that passage to a holiday destination.