As one of the most valuable assets you can own, insuring your yacht—whether for personal watercraft or commercial use—is crucial to safeguarding your financial interests. At Sovereign Insurance Services, we provide an extensive range of comprehensive yacht insurance policies tailored to meet the needs of yacht owners, with vessels valued in excess of £250,000.
Our yacht insurance policies provide the right coverage for your vessel, ensuring that it is protected against a range of potential risks, including both physical damage and liability concerns. This includes coverage for:
- Hull and machinery, including fire damage, property damage, emergency towing and other incidents that could result in costly repairs or a total loss.
- Crew, personal accident cover, that can be extended to protect not just your paid crew but also your guests. Additionally, we offer medical payments coverage for any injuries sustained on board.
- Protection and indemnity to safeguard you against third-party liability claims, ensuring you are protected from legal and financial risks arising from incidents such as bodily injury or property damage caused to others.
- Wreck removal costs, covering all expenses related to the removal of your vessel from the water after a covered loss.
- Uninsured owner coverage to protect you if an incident occurs with another watercraft that lacks adequate insurance.
- Personal effects coverage to protect your belongings and valuable possessions on board.
- Marine environmental damage liability, covering incidents where your vessel may cause environmental harm, ensuring compliance with maritime law and regulations.
- Agreed value cover, where the insurance policy guarantees a set payout in case of a total loss, protecting the full value of your yacht.
Why choose Sovereign Insurance Services for your Yacht Insurance?
We understand that each yacht and its owner’s needs are unique. At Sovereign Insurance Services, we have strong connections with experienced yacht underwriters at Lloyd’s of London and other leading international marine markets. These partnerships allow us to offer bespoke yacht insurance solutions that are perfectly suited to your circumstances, including higher liability limits and additional coverage options tailored to the specific needs of your vessel.
In addition to providing comprehensive yacht insurance, we are committed to offering competitive premiums and exceptional service, especially when it comes to handling claims. Our insurance agents will guide you through every step of the process, from selecting the best coverage to managing any claims efficiently.
A seamless experience: Yacht Insurance and management in one place
As part of our commitment to providing a complete service for yacht owners, our sister company, Sovereign Marine Services, offers a wide range of additional services, including yacht registration and management. This means that whether you’re looking for the best insurance solutions or require help with yacht management, we provide a one-stop shop for all your needs. From helping you navigate the complexities of maritime law to ensuring your yacht is properly insured and registered, we handle it all.
Our goal is to provide not just liability coverage and hull coverage but a seamless, integrated solution for every aspect of yacht ownership. By working with us, you can rest assured that every detail, from your yacht’s insurance to its management, is handled with the highest level of expertise.
Get a quote for your Yacht Insurance today
At Sovereign Insurance Services, we pride ourselves on delivering tailored insurance policies for yachts of all sizes, including mega yachts and high-performance boats. Whether you own a personal watercraft or a large commercial vessel, we have the insurance coverage you need to protect your valuable asset.
Our team are available to answer any questions and provide a personalised yacht insurance policy to fit your needs.
Contact us today to discuss your options and let us help you protect your investment with the right yacht insurance coverage.
