Yacht hull insurance
Is comprehensive cover for total loss and partial damage to your own yacht/boat as a result of unforeseen events.
The solution: yacht hull insurance from YACHT-POOL!
Yacht-Pool’s yacht hull insurance provides comprehensive cover specifically designed to offer yacht owners protection and security. It covers total loss as well as partial damage to your own yacht. Yacht hull insurance offers protection against financial losses caused by unforeseen events such as collisions, theft, vandalism, fire or natural disasters. In the event of a total loss, where the yacht can no longer be repaired or is completely lost, yacht hull insurance covers the cost of replacing the yacht. In the event of partial damage affecting certain parts or components, the repair or replacement costs are covered by the insurance.
With YACHT-POOL’s yacht hull insurance, the value of the vessel is defined in a clear and customer-oriented form as a “fixed rate”, which ensures that underinsurance is excluded. All-risk cover is another important aspect that ensures that a wide range of risks are covered unless they are explicitly excluded in the policy conditions.
The advantages of YACHT-POOL yacht hull insurance at a glance:
- YACHT-POOL ensures the value of the vessel in a clear and customer-oriented form as all-risk cover. It was introduced by YACHT-POOL in 1976 as one of its pioneering services in yacht insurance and was gradually adopted by its competitors. The last to do so was the market leader in 2018, 42 years later. Today, this innovation is market. And it means that all risks and events that are not explicitly excluded are insured. There are no unclear exclusions with this clause, such as inadequate mooring, inadequate manning or similar.
- This means that many risks that you might not think of are also insured, such as short circuits, overvoltage, glass breakage, scorch damage or damage caused by force majeure or by others, such as storms or fires that spread from ship to ship.
- Damage caused by riots, vandalism, looting or strikes are also insured, as are the regatta risk or consequential damage from construction and material defects.
- Damage caused by rodents - think of mice and rats in winter storage - or by vermin can cause considerable costs. Most insurers exclude this damage, but YACHT-POOL covers it.
- Loss minimization costs (salvage costs) and wreck removal costs are insured over and above the sum insured, even unlimited depending on the tariff.
- The insurance cover is valid 365 days a year, around the clock. Of course, transportation, slipping, craning, winter, shipyard or repair periods are also insured.
- The most important thing is that all-risk cover reverses the burden of proof. This means that the insurer must prove that an excluded event has occurred. With individual risk cover, the burden of proof and therefore the litigation risk lies with the insured person.
- "Fixed rate". Underinsurance is excluded. It is unlimited in time and is valid until you request a different insurance value.
- Depending on the tariff, the benefits of comprehensive insurance are supplemented by extensive assistance services that offer you personal service and valuable additional benefits worldwide.
- In many cases, the tariff excess is reduced (e.g. for dinghies and trailers) or there is no excess at all: e.g. for the comprehensive assistance services, total loss, burglary, damage to effects and visual inspections after grounding.
- In the event of total loss, only the residual value actually achieved will be deducted from the refund.
Further insurance for boats and yachts
Yacht liability insurance
Yacht liability insurance from YACHT-POOL is essential cover for yacht owners and protects you from financial consequences if you culpably cause personal injury or property damage.
Yacht passenger insurance
YACHT-POOL’s yacht passenger accident insurance is a special form of insurance that aims to provide comprehensive protection for people on board a yacht. This insurance covers accident risks
Yacht confiscation insurance
In the event of actual or alleged liability claims, it can very easily happen that the ship is put on a chain by the authorities until the claims have been clarified.
