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The Yacht Insurance
Revolution
We don’t just compare quotes. We deep-scan the General Conditions—the thousands of lines of fine print—to decrypt hidden exclusions and optimize your coverage. Experience the precision of YachtSecure Insight™, backed by our expert team.
INSIGHT™ SOFTWARE DEMO
Comparative Insight & Forensic Analysis
The software highlights deep differences in the General Conditions associated with these policies. It detects every difference in exclusions, coverages, and warranty limits, going far beyond the basic policy summary.
Yacht Insurance Comparison – MYVESSEL
Vessel: MYVESSEL (21.12 m – M/Y, 4 years old, max speed 32 kt)
Comparison of three anonymized options.
I Key Indicators Table
| Key Metrics | Option A | Option B | Option C Recommended |
|---|---|---|---|
| Premium | €16,123 | €11,619 | €10,377 |
| Hull Deductible | €10,100 (0.49%) | €12,500 (0.60%) | €8,250 (0.40%) |
| Total Loss Agreed Value | No | Yes | Yes |
| Machinery Coverage | Maintenance/wear and tear exclusions. Deductible doubled for foreign object ingress. No age limit. | Maintenance/wear and tear exclusions. Age limit: machinery >7 years old excluded for yachts >17 kt, except for specific perils. | Maintenance/wear and tear exclusions. Yacht <10 years old. 25% betterment deduction if >5 years old and repairs improve condition. |
| Vessel Age Impact (4yo) | No direct impact. | No impact yet, but in 3 years machinery will be 7 years old and restricted. | No immediate impact, but in 1 year the 25% betterment deduction on machinery repairs will apply. |
| Speed Impact (32 kt) | Motorboat racing excluded. | Racing, speed tests, time trials excluded. Machinery >7 years old excluded (except for specific perils). | Racing and time trials excluded unless by prior agreement. |
| Single-Handed | Excluded if >24 consecutive hours. | Covered up to 24 hours within a 36-hour period. | Excluded (vessel >15 m). |
| Racing | Excluded for motorboats. | Excluded for motorboats >17 kt. | Excluded unless unless agreed. |
| TPL Limit | €10,000,000 | €3,000,000 | €10,000,000 |
| PA Death | €15,000 | €25,000 | €35,000 |
| Legal Protection | €16,000 / annum | None | None |
| Renewal Conditions | No special conditions | 50% deductible reduction after 2 claim-free years | 10% no claim bonus on annual premium |
II Special Deductibles (CRITICAL)
| Option | Standard | Special Conditions | Worst Case |
|---|---|---|---|
| Option A | €10,100 (0.49%) |
|
€20,200 (0.97%) |
| Option B | €12,500 (0.60%) |
|
€25,000 (1.20%) |
| Option C | €8,250 (0.40%) |
|
€8,250 (0.40%) |
III Interpretation of Negligence
| Option | Simple Negligence | Gross Misconduct | Skipper / Crew | Charter |
|---|---|---|---|---|
| Option A | Covered (not explicitly defined but accepted) | Excluded in case of willful misconduct | Covered unless willful misconduct | Excluded for commercial use |
| Option B | Covered toward third parties | Excluded in case of willful / reckless action by the assured | Not specifically mentioned | Not mentioned (to be verified with broker) |
| Option C | Not explicitly defined | Excluded in case of deliberate acts, non-compliance with rules, unseaworthiness | Covered if skipper is duly qualified | Excluded for commercial use unless “skipper charter” and prior agreement |
IV Optional Coverages
Option C: Personal Accident €35k (Death) / €100k Medical – No Legal Expenses – Assistance: Reasonable S&R and Towing Costs.
V Vessel-Specific Restrictions
Option A
- Crew: Professional skipper and qualified crew required, with specific experience.
- Single-Handed Navigation: Excluded beyond 24 consecutive hours.
- Loan / Entrustment: Owner cannot transfer custody or operation without prior agreement.
Option B
- Navigation: Restricted to a defined area (Portugal, Spain, Western Mediterranean < 35°E, outside JWC areas).
- Speed: Racing, speed tests, time trials excluded for this M/Y >17 kt.
- Machinery: From 7 years of age, machinery coverage is excluded (except for certain perils).
Option C
- Length >15 m: Single-handed navigation excluded.
- Age: In 1 year, machinery repairs improving the yacht’s condition will be subject to a 25% deduction.
- Racing: Excluded unless by prior written agreement.
- Usage: Commercial use (including charter) excluded unless “skipper charter” and prior agreement.
VI Final Recommendation
Strengths: Lowest premium, lowest hull deductible, best Personal Accident / Medical cover, Agreed Value in case of Total Loss.
Points of Attention: Single-handed navigation prohibited for this vessel, no Legal Expenses cover, limited Assistance, 25% betterment deduction on machinery repairs in 1 year, commercial use / charter generally excluded unless specific agreement.
Interesting if Legal Expenses and Assistance are deemed critical.
- Additional Cost: Approximately +€5,800.
- Advantages: More comprehensive Legal Expenses and Assistance, no age impact on machinery at this stage.
- Drawbacks: No Agreed Value in Total Loss, high requirements for skipper and crew.
- Very high deductible for Machinery / Underwater Damage (up to 1.20% of value).
- Very restrictive navigation area.
- Particularly high number of exclusions.
VII Red Flags
- Difficult-to-meet crew requirements (Option A).
- Unfavorable interpretation of negligence (Option B – willful / reckless action).
- No Agreed Value in Total Loss (Option A).
- Deductible >1% for Machinery / Underwater Damage (Option B).
- Strict geographical limits (Option B).
- Age / length-related exclusions (Option C – single-handed navigation >15 m).
- Absence of Legal Expenses cover (Options B and C).
- Limited or absent Assistance (Options B and C).
- Risk of cancellation / denial if crew requirements are not met (Option A).
- Very large number of exclusions (Option B).
Yacht Insurance Comparison
- Maintenance/wear and tear exclusions apply
- Deductible doubled for foreign object ingress
- No age limit on machinery
- Partial Theft / Personal Effects: 10% of loss, min. €300
- Machinery Breakdown (Foreign Object): €20,200 (0.97%)
- Professional skipper and qualified crew required
- Single-handed navigation excluded beyond 24 consecutive hours
- Motorboat racing excluded
- Owner cannot transfer custody without prior agreement
- Maintenance/wear and tear exclusions apply
- Age limit: machinery >7 years old excluded for yachts >17 kt (except specific perils)
- Machinery / Underwater Damage: Deductible doubled
- Restricted navigation area: Portugal, Spain, Western Mediterranean <35°E, outside JWC areas
- Racing, speed tests, time trials excluded (M/Y >17 kt)
- Single-handed covered up to 24 hours within a 36-hour period
- Maintenance/wear and tear exclusions apply
- Yacht <10 years old currently compliant
- 25% betterment deduction if >5 years old and repairs improve condition
- Tender / Dinghy: €1,000 or 1% of value
- Water Toys: €500 or 1% of value
- Electronic / Navigation Equipment: €3,000
- Single-handed navigation excluded (vessel >15 m)
- Racing excluded unless by prior written agreement
- Commercial use / charter excluded unless “skipper charter” and prior agreement
| Option A – Standard | €10,100 (0.49%) |
| Option A – Worst Case | €20,200 (0.97%) |
| Option B – Standard | €12,500 (0.60%) |
| Option B – Worst Case | €25,000 (1.20%) |
| Option C – Standard | €8,250 (0.40%) |
| Option C – Worst Case | €8,250 (0.40%) |
✓ Best Option: Option C
Strengths
- Lowest premium (€10,377)
- Lowest hull deductible (€8,250 / 0.40%)
- Best Personal Accident / Medical cover (€35k death, €100k medical)
- Agreed Value in case of Total Loss
- Highest TPL limit (€10M)
Points of Attention
- Single-handed navigation prohibited (vessel >15m)
- No Legal Expenses cover
- Limited Assistance coverage
- 25% betterment deduction on machinery in 1 year
- Charter generally excluded unless specific agreement
- Difficult-to-meet crew requirements (Option A)
- No Agreed Value in Total Loss (Option A)
- Deductible >1% for Machinery/Underwater (Option B)
- Strict geographical limits (Option B)
- Very large number of exclusions (Option B)
- Age/length-related exclusions (Option C – single-handed >15m)
- Absence of Legal Expenses (Options B and C)
- Limited/absent Assistance (Options B and C)
Revolutionary Analysis. Optimized Protection.
We guarantee the best underwriting, premium, and services. Our new comparative service analyzes all Yacht Insurance conditions from the best marine underwriters worldwide.
Unlike a common Marine Insurance Broker, we provide a forensic breakdown of offers that correspond to the specific characteristics of your vessel. By choosing your insurance through us, you not only have the widest choice but also the certainty of optimized guarantees and prices year after year.
- Decryption of complex General Conditions
- Analysis of hidden exclusions & warranties
- Negotiation of stronger clauses & wider navigation limits
The Insurance Company
The insurance company creates products and drafts general conditions. In the marine environment, claims range from thousands to millions (€, $, £). It is vital to check the financial reliability of the company, as they are the ultimate payor in the event of a claim.
Forms of Insurance
Conditions may follow international standards (R12, IYC, etc.) or bespoke company clauses. Within the same insurance company, multiple contracts exist. Our role is to navigate these variations to find the precise fit for your navigation area and vessel type.
The Broker's Role
Brokers and Agents have agreements to sell products from various companies. However, we go further by drafting offers based on specific risk vectors. A modification in any of these vectors changes the risk assessment and premium.
Key Risk Vectors Analyzed:
Special Conditions
Effective analysis requires checking basic conditions against specific risks. Our comparison table (above) specifically highlights differences in these critical areas:
- Losses and damage (Hull & Machinery)
- Engine failure & Age limitations
- Costs of recovery, search at sea & towing
- Legal protection & Defense costs
- Cost of assistance and rescue
- Total / partial theft exclusions
- Damage to personal effects & Fine Art
- Loss of charter hire (for Commercial Yachts)
P&I (Protection & Indemnity)
Protection and Indemnity insurance, commonly known as “P&I,” is a form of mutual maritime insurance provided by a P&I Club. Whereas a marine insurance company provides “hull and machinery” cover for shipowners, a P&I Club provides cover for open-ended third-party risks.
P&I Insurance is mandatory on “Commercial Yacht” vessels to comply with International and Flag regulations. Typical cover includes: carrier’s third-party risks, war risks, environmental damage (oil spills/pollution), crew welfare (MLC), and water sport liability.
SOFTWARE INSIGHTS
The Insight™ FAQ
Learn why YachtSecure Insight™ is the industry revolution you need.
How does the YachtSecure Insight™ software work?
Our proprietary software represents a revolution in insurance analysis. It scans policies from 60+ specialist marine underwriters worldwide, performing a clause-by-clause comparison of the General Conditions. The system identifies hidden risks, calculates worst-case scenarios, and provides objective recommendations based on your vessel’s specific characteristics.
How does YachtSecure Insight™ optimize claims handling (sinistres)?
In the event of a claim, YachtSecure Insight™ acts as your digital advocate. By having your policy’s fine print pre-analyzed and indexed, we can instantly identify the relevant clauses to support your claim. This ‘forensic readiness’ speeds up the process and maximizes the amounts you receive, responsible or not, guiding you through the complexities of settlement.
Why is this comparison service considered a 'revolution'?
For decades, yacht owners had to trust brokers who provided 1-3 PDF quotes with little context. YachtSecure Insight™ changes the game by using data to reveal what those quotes actually mean by deep-scanning the General Conditions. It decodes the fine print that owners rarely read, highlighting hidden deductibles that double under certain conditions or exclusions based on vessel age.
Why should I use a comparative analysis instead of just accepting the first quote?
Standard brokers typically present quotes without detailed analysis. Our comparative service reveals critical differences that can cost you thousands: hidden deductibles, restrictive navigation limits, and crew requirements. We’ve seen cases where the ‘cheapest’ premium had a worst-case deductible 3x higher than competitors.
Why is it critical to appoint YachtSecure as my broker for renewals?
Insurance isn’t static; underwriters frequently modify terms. By naming us as your Broker of Record, we ensure that every renewal is meticulously audited by YachtSecure Insight™ against the market. We analyze every change to ensure your coverage is never diluted. If a better option exists, we find it before you sign.
How long does it take to receive a comparative analysis?
Once we receive your vessel details and current policy (if applicable), our software generates a preliminary comparison within 24-48 hours. The full forensic audit with negotiated quotes from multiple underwriters typically takes 5-7 business days.
What information do I need to provide for a comparative audit?
Essential information includes: vessel brand and model, year built, market value, flag state, primary navigation area, intended use (private/charter), crew composition, and loss history.
Do you charge for the comparative analysis service?
The comparative audit is provided at no cost when you choose to insure through YachtSecure. Our revenue comes from underwriter commissions, not client fees. This ensures our analysis remains objective.
What are the most common 'red flags' you identify?
Critical red flags include: deductibles exceeding 1% of hull value, restrictive navigation limits, age-based machinery exclusions (often 7+ years), crew requirements that are impossible to meet, and absence of legal protection or assistance coverage.
Can YachtSecure handle Super Yacht and Mega Yacht insurance?
Yes. We specialize in vessels valued over $10M and are experts in the American Yacht Form. We perform even more rigorous clause-by-clause analysis for super yachts, where policy nuances can represent millions in coverage differences.
Do you handle P&I (Protection & Indemnity) insurance?
Yes. P&I insurance is mandatory for commercial yachts. We work with leading P&I Clubs to provide comprehensive coverage including carrier third-party risks, war risks, and crew welfare (MLC compliance).
Still have questions ? Contact our expert team
