Getting your yacht insurance easily and quickly

In the Netherlands, insuring a boat is not mandatory. Taking out yacht insurance is therefore not an obligation, but a choice. So why would you take out yacht insurance anyway? A yacht is of course an expensive boat. Therefore, repair costs after damage to your yacht can be quite high. Moreover, Dutch waters are becoming increasingly crowded. This also increases the chance of accidents. Not only the damage to your own yacht, but also the damage you cause to someone else can cost a lot. With yacht insurance you know for sure that you are insured for the, sometimes sky-high, repair costs.

Keep in mind, however, that in some situations you are required to have third-party insurance. This is for example at competitions, in a marina, a boat shed or on (part of) the water. Outside Dutch waters, boat insurance may also be required by law. For example, this is often in countries around the Mediterranean, such as Greece, Croatia, Italy and Spain.

The cost of yacht insurance depends on a number of factors, including:

• The type of boat

An insurer looks at the type of boat (for example, a yacht or a sloop), the year of construction, the length of the boat and the daily value of the boat.

• The engine

Boats have different types of engines. In addition, there is a difference in the risk to the insurer with some engines. For example, an insurer looks at whether it is a built-in engine or an outboard engine. They also want to know what fuel is being used and the total power of the engine.

• Coverage

Of course, the coverage you choose for your yacht insurance also affects the amount of the premium. The basic third-party coverage is the cheapest coverage. You will then pay less in premium per month than if you take out comprehensive all-risk yacht insurance.

Further, an insurer may look at:

• Any claim-free years you have accumulated with past boat/yacht insurance policies.
• Any membership in a water sports association.

When purchasing yacht insurance, you have a choice of three different coverages, namely WA, WA limited hull and All-risk. When choosing coverage, it is best to look at your boat and your personal situation. Moreover, the right coverage also depends on the boating areas where you want to be covered and where the boat will be moored. We briefly explain each coverage below.

WA

TPL stands for Third Party Liability. With WA coverage you are insured for damage you cause to another person with your yacht. For example if you accidentally sail into another boat. If you also cause damage to your own boat, this is not insured. For this you need a more extensive coverage.

WA limited casco

Yacht insurance with WA limited hull coverage is an addition to the basic WA coverage. With third-party limited hull insurance, your boat is insured for damage caused by fire, self-ignition, explosion, joyriding, storm and hail. In addition, you are also insured for damage to the contents of your boat.

All-risk

Finally, there is the most comprehensive coverage: All-risk. An All-risk coverage is also called WA full hull. With All-risk boat insurance you are, in addition to all previously mentioned damages, also insured for damage to your own boat, even when the damage is your own fault. For example, did you collide with the quay while mooring the boat? Then an all-risk insurance covers the repair costs to your boat.

Are you looking for insurance for your yacht? At Alpina, we have a suitable insurance for every boat. Moreover, you can easily calculate an indication of the premium online. For this we need some personal data and details about boat. You will then get an overview of all providers, including corresponding premiums and policy conditions. Have you found the best yacht insurance? Then you can take it out online immediately!

Do you still have questions about taking out yacht insurance? Then be sure to contact us! Our insurance specialists are available Monday through Friday from 8 a.m. to 6 p.m. to answer your questions.