Motor yacht insurance

Motor yachts come in all shapes and sizes. The amount of luxury on board a motor yacht often depends on the size of the boat. Larger motor yachts often have several beds and a kitchen on board. An impressive boat!

Have you recently bought a motor yacht or do you perhaps intend to buy one? Then you are probably wondering whether you are obliged to insure your motorboat. A boat insurance ensures that you are insured in case of damage. You choose which coverage you want. You can choose from WA, WA + Limited Casco or Allrisk.

Insurance of a motor yacht is not compulsory in the Netherlands

In the Netherlands, it is not compulsory to insure your motor yacht. However, in some situations a WA boat insurance is compulsory. For instance, at competitions, in a marina, a boat shed or on (part of) a waterway. Do you ever sail in foreign waters with your motor yacht? Then it may be that a boat insurance is legally required. For example, this is often the case in countries around the Mediterranean Sea, such as Greece, Croatia, Italy and Spain. In these countries you can prove your coverage with an international insurance certificate. You can request this certificate from your insurer or broker before you take your motor yacht on holiday.

Reasons to insure your motor yacht

Although insuring a motor yacht is not compulsory, it is often wise. It is recommended to take out at least a third-party boat insurance. After all, the Dutch waters are getting busier and busier. Therefore, the chance of an accident is greater. When you take out a WA-insurance, you are insured for damage that you cause to another person with your boat. The repair costs for damage to a boat can sometimes mount up considerably, especially when it concerns a very new or expensive boat. Not to mention the costs for personal injury. Are you hesitating because of the insurance premium? A third party boat insurance does not have to cost a lot. Depending on your boat and situation, you can get third party insurance for as little as €60 a year. Curious about what it costs to insure your motor yacht? Calculate the premium directly.

What does motor yacht insurance cost?

We have just given you an indication of the premium for third-party boat insurance. But of which factors does the premium for a motor yacht insurance actually depend? When calculating the premium, an insurer looks at the following factors:

• The type of boat
• The boat's engine
• The coverage you choose
• Any claim-free years you have accumulated with a boat insurance policy in the past
• Any membership in a water sports club

A motor yacht is of course a luxurious and often expensive boat. That is why you should consider a WA+ or All Risk insurance. With this you are also insured for damage to your own boat. Of course, a more extensive coverage is also more expensive, but often this is not in proportion to the costs in case of damage.

Motor yacht insurance? Get insurance directly through Alpina!

Insuring your motor yacht does not have to take long at all. You can already arrange a boat insurance in 10 minutes. It starts with comparing insurances. To do this, you enter a number of details about your boat in our online comparison tool. Next you get an overview of all insurers, including premiums and policy conditions. Have you found the best boat insurance? Then you can apply for it directly online. After you have concluded your insurance policy online, the application will be processed immediately. This way you can quickly be well insured for sailing with your boat.

Do you have any questions about boat insurance or would you prefer to consult one of our insurance specialists? Then please do not hesitate to contact us! You can reach us by telephone from Monday to Friday from 08.00 to 18.00 at 030 - 688 37 00. Would you rather send us a message? No problem, you can do so via chat, WhatsApp or Messenger.