Yachts & Leisure Crafts Insurance
Insurance Plans For Yachts, Leisure Crafts & Boats
Enjoy the thrill of sailing with a yacht & boat insurance in Cyprus. Trust Insurance offers yacht insurance at competitive rates, with full and flexible coverage. We are dedicated to helping yacht and boat owners protect their investment and traverse the seas with peace of mind.
The complete protection of your leisure crafts is our top priority. That is why we have created a comprehensive Yacht & Boat Insurance program that protects you and your craft from any risks and threats.
Why TRUST Leisure Boat Insurance
Full & Flexible Coverage
This insurance is designed based on the London Institute Yacht Clauses, with additional extensions that provide flexibility and complete coverage of your craft
Option to increase liability premium
Option to increase the liability limit against third party
Who Is This Insurance For?
Boat insurance is necessary for individuals who own boats or engage in activities related to boating, such as, boat/yacht owners, craft owners, boat operators, boat renders and many more.
Boat Insurance Coverage
It covers loss or damage to a yacht, hull, machinery and components while in sea or disarmed outside of active service or during maintenance, as a result of the following insured risks (according to the Institute Yacht Clauses 1/11/ 85):
- Marine hazards (e.g. impact, collision, landslide, sinking, bad weather conditions)
- Fire
- Piracy
- Dock collision or other facilities in the port
- Air craft crash
- Earthquake or volcanic eruption
- Lighting strike
- Damage during lifting/uplifting
- Explosion
- Malicious Damage
- Theft
- Rescue Fees
It also covers your legal liability for the compensation to third parties who may have suffered damage or injury as a result or related to your craft.
Would you like more information? Do not wait! Contact us
FAQs about boat insurance
Are there any cover limitations in the coverage?
The deductible amount is the amount or percentage that is not covered and/or deducted from the amount for each damage separately. Maximum coverage limitations either in amount or in percentage may be applied to specific coverage in your Insurance policy, a detailed list of restrictions is available in the Insurance policy.
What is the insurance coverage for leisure crafts?
It covers loss or damage to a yacht, hull, machinery and components while in sea or disarmed outside of active service or during maintenance, as a result of the following insured risks (according to the Institute Yacht Clauses 1/11/ 85):
- Marine hazards (e.g. impact, collision, landslide, sinking, bad weather conditions)
- Fire
- Piracy
- Dock collision or other facilities in the port
- Air craft crash
- Earthquake
- Volcanic eruption
- Lighting strike
- Damage during lifting/uplifting
- Explosion
- Malicious Damage
- Theft
- Rescue Fees
In addition, there is an option to add insurance coverage with an additional premium:
- Liability Insurance related to ownership and use of the vessel
- Responsibility for and against skiers
- Coverage for damage to the vessel during domestic transportation
- Coverage for personal items
- Fall of outboard engine from the boat
- Trailer cover
- War, Strike, Harassment, Political riots
What are the geographical boundaries of my coverage?
Within the territorial waters controlled by the Republic of Cyprus, unless otherwise specified in your Insurance Policy.
What is boat insurance?
Boat Insurance covers boat loss or damages caused due to collision, fire, stranding, theft, marina hazards, and other risks and threats.
Do you need insurance in your boat?
Boat and watercraft owners can benefit from personal boat insurance in the unfortunate event someone gets injured while on their boat, or the boat gets lost or damaged by another boat or sea dangers. Due to the high value of boats and the busy marinas in Cyprus, getting reliable and comprehensive boat insurance by Trust Insurance is an excellent idea.
Do you provide yacht insurance for owners with little experience?
We can provide yacht insurance to owners with little experience only if they hold a valid boating license that applies to the horsepower and size of the yacht.
My yacht is more than 15 years old, will you still insure it?
Please consult with one of Trust’s expert insurance agents to find out if we can cover your yacht and the relevant insurance premiums.
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