Anyone who owns a boat knows the feeling: being on the water means freedom, relaxation and joy. But a boat is also a valuable asset with specific risks: collisions, storm damage, theft or fire damage can cause considerable costs. Boat insurance protects boat owners from these financial risks and keeps the time on the water free of worry.
Boat liability insurance (Bootshaftpflichtversicherung) is the foundation of any boat cover: it protects against claims from third parties if your boat causes an accident or damages other watercraft, facilities or people. On many waters, especially federal waterways, liability insurance is a legal requirement for motorboats.
In addition, we recommend hull insurance (Kaskoversicherung): it protects your own boat against damage from collision, grounding, storm, fire, theft and vandalism. Repair and replacement costs are considerable, especially for high-value sailing or motor boats. Comprehensive hull cover protects the value you have invested.
Special rules apply to boats that travel abroad: anyone sailing in international waters needs a policy with the right territorial scope. Fellow sailors and crew members can also be covered under certain tariffs.
Winter storage, transport on the trailer and time berthed in the harbour are periods when the boat is especially prone to damage and when cover must not lapse.
We find the right boat insurance for your vessel and the way you use it, so you can enjoy every trip on the water to the full.
Boat insurance benefits
Yacht liability: damage to other watercraft, personal injury, defence against unjustified claims. Financial loss/rented property damage up to €200,000 (Komfort)/€300,000 (Premium). Cover for unpaid claims. Bail bond up to €20,000/€100,000. Blue Card (Blaue Karte) every year.
Yacht hull tariffs:
- Basis: named-perils cover, agreed value on total loss, salvage up to €100,000.
- Komfort: all-risks cover, salvage up to 2 million, overnight costs up to €2,000, no age deductions.
- Premium: all Komfort benefits plus towing assistance, replacement skipper, inspections, no-claims discount up to 40%, discount protection.
- Platinum: all Premium benefits plus 50% excess reduction after 5 claim-free years.
Yacht passenger accident insurance: protects owner, skipper, crew and guests. On board, on tenders and ashore.
Temporary cover possible for urgent needs. Minimum term 1 year. Floating homes can be insured. Claims hotline 24/7/365.