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Yacht Insurance Guide Tips

Yachts come in all shapes and sizes and everybody's lifestyle is different. So how do you know if your insurance is right for your craft, your mooring arrangements and usage? The below guide explains all about yacht insurance and how to get the right cover for you and your yacht.

Yacht insurance aims to protect your craft, other crafts on the water and of course, you and all your passengers. The idea of insurance is to put you back in the financial position you were in before you experienced a loss of some sort. This financial loss could come about in the form of damage to your boat, a third party claiming against you for damage to their craft or in the worst case, loss caused by injury to you or your passengers.

The G.A.P Vassilopoulos Group acts as Brokers through their well-established relationships with international ‘A’ Rated insurers’ as well as the local Cyprus market can cater for a wide range of Yacht/Boat risks and for all types of crafts no matter how small or large.

Listed below are just a selection of coverage options which can be provided.

  • Hull & Machinery
  • Protection & Indemnity
  • Third Party Liability
  • Yacht Personal Accident
  • Crew Personal Accident
  • Crew Medical
  • War, Strike & Confiscation
  • Legal Expenses

Should you need to claim, we will guide you through each step of your claim and advise you on how to gain a swift resolution. It's our aim to take the stress out of what's often an already stressful situation. Simply give us a call and we’ll take it from there

You can contact us to compare and select the most appropriate Yacht Insurance policy that fits your needs.

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