sailboat insurance uk

Welcome To Topsail

Boat insurance specialists topsail insurance.

WE HAVE INSURED THE SAILING COMMUNITY THROUGHOUT THE UK AND WORLDWIDE FOR OVER 25 YEARS.

We provide insurance for Motorboats, Yachts, Narrowboats, Inland Craft, Canal Craft, Dutch Barges, Small Craft, Speedboats, RIBs and Sailing Dinghies and more in both the UK and worldwide.

Our specialist Travel Insurance policies, the Yachtsman’s and Tall Ships Travel Insurance can be purchased via our website, with both Single Trip Travel Insurance and Annual Multi-Trip Travel Insurance available for your boating holidays, tall ships voyage or general sailing with your own boat. The Yachtsman’s & Tall Ships policies include cover for sailing outside territorial waters.

We are pleased to have an active involvement with The Cruising Association and also the prestigious Ocean Cruising Club, offering discounts to members.

Topsail Insurance is a dedicated team of boating enthusiasts who are highly passionate and knowledgeable in Boat Insurance and Travel Insurance, with over 100 years of combined experience.

We provide a range of insurance options from a basic boat liability, which covers your liabilities with owning a boat, to a comprehensive marine insurance policy.

Let us compare your boat insurance renewal quote or provide you with a quotation for your new boat insurance. We provide both UK boat insurance but also cover yachts and motorboats sailing worldwide.

Please select your vessel below to learn more and get a quote.

We offer Single Trip Yacht Travel Insurance and Annual multi-trip Yachtsman’s Travel Insurance. Our Tall Ships Travel Insurance product means we have both the Tall Ships and general sailing community covered.

We also have access to alternative travel insurance products for Adventure Travel, and a specialist Trekking Insurance offering.

Please select your travel product below to learn more and get a quote.

Contact our team now for a quotation for your touring or static caravan, with high levels of cover available and personalised benefits.

Please select the type of caravan below to learn more and get a quote.

Topsail are proud to partner with a number of respected Marine Organisations and Owners Associations. We are often able to offer discounts and special benefits too. Click the logos for more information.

• Boat Insurance
• Boat Travel Insurance
• Canoe and Kayak Insurance
• Dinghy Boat Insurance
• Hovercraft Insurance
• Houseboat Insurance
• Inland Craft Insurance
• Jet Ski Insurance
• Motorboat Insurance
• Sailboat Insurance
• Sailing Dingy Insurance
• Small Craft Insurance
• Speedboat Insurance
• Yacht Insurance
• Get a Quote

Compare Boat Insurance

Make sure you’re getting the best deal on your boat insurance. compare the market against some of the uk’s leading insurers., boat insurance specialists, we have partnered with the leading boat insurers in the uk to give you the most competitive quotes available on the open seas., sail abroad.

Choose between third party and comprehensive cover and sail overseas too

No Claims Discount

Get the best rates with Taylor Watkins including a no claims discount

Same Day Quotes

Get insured in 24 hours and sailing the seven seas in no-time

Compare Boat Insurance That Suits Your Needs

Should anything go wrong, your vessel and everybody on board are fully covered by a trusted insurance policy..

Boat insurance is an important part of owning, renting or using any kind of boat, from jet skis, yachts and motorboats to speed boats and hovercrafts. Making sure you have the right cover means that should anything go wrong or anything untoward happen, you and everybody on board are fully covered by a trusted insurance policy.

Taylor Watkins can help you find the right insurance cover for all types of boats in the UK and we help you choose the policy that is best suited for you and your prized boat. Rather than having to chase various insurers to compare many quotes, we are able to provide easy access to a whole host of insurers for all nature of boats and vessels.

Cover is available for anyone in the UK who is making use of a water vessel and anyone who owns a boat. The process is totally secure and our website is encrypted to secure all of your data. Our service is also 100% free of charge. We don’t make our money from our customers. However, we may receive a fee from the insurer. Additionally, we promise to never sell or give out any of your details to any third parties.

“Boat Insurance Compare gave me a number of different policy options and helped my insure my sailboat at the most reasonable price. Now I have peace of mind that I can take my family on holiday this summer and not have to worry about any liabilities.” Jim, Devon

Types of Boat Insurance from Taylor Wakins

As featured on:

We are able to provide all different levels of cover for your boat, whether it is for leisure or business purposes. Whilst having insurance in place is not a legal requirement, it can give you peace of mind knowing that you are safe in any circumstance.

Third party is the minimum cover you can purchase and this will protect any other individuals or vehicles that you come into contact with when using your boat. This will not cover any damages to your own vehicle or to the people on it as this will require additional cover.

After third party cover, the next level up will provide compensation for fire, flood, theft and damages. If your vehicle or key parts have been stolen, you will be able to claim for new parts or a replacement.

You will automatically be insured to cruise in the UK, Republic of Ireland, European and Mediterranean waters, but sailing outside of these areas may require additional cover depending on the insurer. (Source: Gov.uk )

Accident cover is available for any occupiers of the boat and your insurer will pay for any potential medical bills, legal fees and loss of income.

Liability cover allows you to pay compensation for any damages that you may be liable for towards members of the public or any crew on deck.

For salvage cover, your insurance will pay the costs to find any lost parts of the craft, which will minimise the need to pay for replacement parts.

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Useful links, we are currently not accepting any new applications., please feel free to use our guides and educational resources. we will update you soon.

• Sailboat Insurance

Velos is a boat insurance broker which includes sailboat insurance for larger and smaller sailing boats and sailing yachts. We have been providing sailing insurance policies for 20+ years.

Your sailing boat is in safe hands with our customised and bespoke insurance policies which include theft and third-party sailing liability, as well as accidental damage and salvage charges.

You’ll have full, personalised cover for your sail boat with Velos. Get a quote today for complete peace of mind. Learn more about our policies below:

• Policy Details

Our sail boat insurance policies aren’t listed on any price comparison site, as we create coverage that is tailor-made to each customer’s requirements and their individual sailing yachts, dinghies and boats.

As such our sailing boat insurance policy is a fully comprehensive, all risks product, based on an agreed value which is shown on the policy paperwork, so if your sailboat is lost, this is what you will get back for your vessel.

The policy covers you for, amongst other things, theft, accidental damage and Salvage charges.

It also includes, as standard, Third Party Sailing Liability up to GBP 5m and Legal Expenses.

Highlights of the Velos sailing insurance cover policy are as follows;

• Agreed Value, All Risks policy
• GBP 5m Third Party Liability cover limit as standard
• GBP 100,000 Legal Expenses cover included for free
• Up to 25% NCB for 5 years claims free, after which protected at no additional cost
• Up to GBP 20,000 worth of Personal Accident cover included, as standard
• Up to GBP 5,000 worth of Medical Expenses cover included as standard
• Cover available for a variety of cruising ranges in the UK, Europe and further afield.
• If you have a claim in a marina, either ashore or afloat, we waive the deductible and you don’t lose your NCB, even if it’s not protected

We’ve been in  boat insurance  for 20+ years and as such have relationships with most of the sailing insurers in the UK and global providers on the market.

So, if our sail boat policies aren’t suitable for you for whatever reason, we’ll be able to source an alternative boat insurance quote from another insurer so you don’t have to scour the entire market. We’ll do it for you.

Contact Us:

Want to get a FREE quote from us today to find out more about how we can help you get the right insurance solution.

Claims Advice:

You can contact our claims team By Telephone: 020 7929 4058 from the UK or +44 20 7929 4058 from abroad.

Frequently asked questions

How do i make a sail boat claim with velos.

It couldn’t be easier: use the  claims section of our website  and follow the instructions there. If you have any questions, just get in touch with us directly and we’ll be happy to talk you through it.

How do I change my Sailing insurance or update my details with Velos?

Get in touch by email or phone and we will make the requested changes to your marine trade insurance policy.

Can I speak to you on the phone?

Absolutely. Please call tel:  +44 (0)20 7929 4058  and select option 1. Our office hours are Monday to Friday, 09:00 to 17:300 UK time.

Do you have a list of recommended repairers and surveyors?

No: you should use your usual service providers. If needed, insurers will appoint a marine surveyor to inspect and report on the incident.

Are there any Sailboat policy exclusions?

Irrespective of which policy you select there are always some exclusion to cover. these would normally be as follows;

• Loss, damage, liability or expense intentionally caused by or consented to by you or arising from unseaworthiness resulting by you
• Cost of repairing any defect from a prior repair, alteration or maintenance work
• Design or construction fault
• Loss and damage caused by wear and tear and lack of reasonable maintenance
• Loss and damage caused by insect, vermin, damp and marine life
• Theft of insured gear and equipment unless it follows violent forcible entry into your vessel or place of storage
• Theft of insured personal effects unless it follows violent forcible entry into the vessel or vehicle while in transit
• Theft of your outboard motor unless it is secured to your vessel by an appropriate anti-theft device in addition to its normal method of attachment or violent forcible entry into the vessel or place of storage
• Theft or loss of boats, such as dinghies or tenders, not permanently marked with the name of the parent vessel

Does Your Boat Insurance Policy Include Third Party Boat Insurance Cover?

Yes, as standard, all comprehensive cover includes third party insurance. Even a basic boat insurance policy will generally include third party insurance as standard.

When getting you boat insurance quotes, we’ll let you know if this isn’t the case or if you have any doubts about the exclusions of your  marine insurance  or boat cover, you can contact us easily for confirmation.

Does Home Insurance Cover My Sail Boat?

The vast majority do not, especially if you’re using your own boat on the water i.e. in  inland waterways  or  international waters , but double check your policy wording.

Does Travel Insurance Cover My Sail Boat?

No, they generally don’t insure and cover your boat unless you’ve added optional extras which include your boat or yacht.

Again, it’s best to check your insurance company and their policy wording to see if you’re covered or contact us for advice.

Do You Compare Boat Insurance Quotes for Me?

Yes, we’re a broker who isn’t on any boat insurance comparison sites, but we’ll find you the most appropriate boat insurance specialists and boat insurance policies for your needs and make sure your boat insurance cost is the best value for money you can find.

Do You Offer Cheap Boat Insurance Quotes?

We compare boat insurance quotes and provide very competitive premiums and access to a range of insurance quotes you might not find on comparison sites to protect your boat or craft.

With that comes our specialist knowledge and personalised experience – we’re boating enthusiasts just like you.

Patient and Helpful

” The team was super helpful and patient with me, even though I had a million questions. They really took the time to understand my needs and tailor the coverage accordingly. “

Exceptional boat insurance

” Velos Insurance is an exceptional boat insurance service that provides comprehensive coverage for boat owners. “

Efficient Service

” Thank you for your fast & efficient service over the years. “

Super Helpful

” I recently went with Velos, speak to Kel, he’s super helpful “

Competitive Service

” Velos has provided me with an excellent competitive service over the years. If I buy another boat I will have no hesitation in requesting a quote from Velos again. “

Get a quote online:

1. please select where is your vessel flagged or registered:.

2. Please choose which area your vessel is currently moored or located in:

3. select one of the following cruising areas, 4. please select your boat type:.

• Boat Insurance
• Cabin Cruiser Insurance
• Small Commercial Craft Insurance
• Yacht & Pleasure Craft Insurance
• RIB Insurance
• Motor Boat Insurance
• Fishing Boat Insurance
• Marine Trade Insurance
• Inland Waterways Insurance
• Narrowboat Insurance
• Bluewater Yacht Insurance
• Speed Boat Insurance
• Small Boat Insurance

Velos Insurance Services Ltd Notcutt House, 36 Southwark Bridge Road, London SE1 9EU

Registered Address 5 Market Yard Mew, 194-204 Bermondsey Street, London SE1 3TQ. Authorised and regulated by the Financial Conduct Authority. Registered in England. No. 3484670. Velos Insurance Services Ltd is a member of BIBA (British Insurance Brokers Association)

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For boat insurance call us on 01608 647400

Insure my boat

Boat insurance from £49.

Compare boat insurance and save with top UK providers. Our comparison tool simplifies the process, ensuring you get the protection you need at the most affordable price. Full cover and third party cover available. Get a quote and buy online today.

In the UK alone, around 690,000 households own a boat

Collisions are the number one cause of insurance claims for boats

We cover over 15 kinds of water crafts for UK boat insurance

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Get a boat insurance quote.

Navigating the waters with peace of mind begins with finding the right insurance for your boat. Our comparison engine quotes for many craft types, from yachts and motor boats to sailboats, personal watercraft like jet skis, fishing boats, and even paddleboards. With more than ten comparative prices at your fingertips you'll be able to find an insurance policy that suits your needs. Get a boat insurance quote today.

Narrowboat Insurance

Sailing yacht insurance, motorboat insurance, jet ski insurance, dinghy insurance, canoe insurance, cruising yacht insurance, motor cruiser insurance, kayak insurance, rib insurance, day boat insurance, fast fishers insurance, what does boat insurance cover.

Meet our boat expert

"Boat insurance is an essential aspect of owning and enjoying your vessel, protecting you from theft, accidents, and unforeseen events. Having the right cover in place is crucial for the safety and security of your boat and your precious time spent on the water. My advice to all boat owners is to invest in a comprehensive insurance policy, so you can navigate with confidence and peace of mind. After all, it's better to be prepared and protected than to find yourself in a difficult situation, wishing you had taken the necessary precautions." ‍ - Stephen Corbett , UK Boat Insurance Lead

Do I need boat insurance?

While boat insurance is not a legal requirement in the UK, it's highly advisable to have it for several reasons; Many navigation authorities, marinas, and harbours insist on at least third-party insurance to access their waterways and facilities. Without sufficient insurance, you may face limitations in where you can use or moor your boat. Moreover, if an accident occurs or if your boat is damaged or stolen, insurance can provide financial protection and peace of mind. If you plan to use a powered boat or houseboat on inland waterways, race or charter your boat, keep it in a marina, sail in other countries, or finance your boat purchase, insurance is typically necessary. Boat insurance policies can cover various risks, including third-party liability, fire, theft, accidental damage, and personal accidents. Costs for boat insurance vary depending on factors like your boat's value, its intended use, and your experience as a skipper.

How much does boat insurance cost?

The cost of boat insurance varies widely depending on factors such as the value of your craft, how you intend to use it, where it is moored, and whether you are an experienced skipper. While you could pay less than £50 a year for third-party insurance, a fully comprehensive motorboat policy is likely to cost more than £150 a year. Keep in mind that these figures are only rough estimates, and the actual cost of your boat insurance may differ based on your individual circumstances and the specific cover you choose. To get an accurate quote, it's best to shop around and compare policies from different insurance providers.

Based on InsureMy boat quotes data, collected between January 2022 and January 2023, accurate as of February 2023

How can I get cheaper boat insurance?

Shopping around.

Comparing quotes from multiple insurance providers online will help you find a policy that suits your needs and budget.

Build a no-claims discount

Maintaining a clean boating history with no claims can lead to lower insurance costs over time.

Improve security

Installing security measures such as alarms or high-quality locks can result in discounts from some insurers.

Take courses

Gaining helmsman, skipper, or yachtmaster qualifications can help reduce your premiums, as insurers often view experienced boaters as lower-risk clients.

Mooring your boat securely

Keeping your boat in a marina berth or a secure location can sometimes qualify you for a special discount on your insurance premium.

Seasonal or lay-up discounts

If you only use your boat during certain months, you might qualify for a discount during the off-season when your boat is not in use.

Pay annually

If possible, opt to pay your premium annually rather than in monthly instalments. Many insurers offer discounts for policyholders who pay upfront, and you may also avoid the additional interest charges that can accumulate with monthly payment plans.

Protect your boat with insuremy

We have your boat covered.

If it floats, we cover it! At InsureMy, we know that not every boat needs the same cover, that's why we have our panel of top UK leading brokers to help you get the policy suited for you. Set sail on your new adventure fully covered with a boat insurance online quote today!

Instant cover

Find the best price for you and get covered instantly online

New for old contents cover

Hassle-free fully comprehensive cover available from our top-rated providers.

Discounts available

Discounts available for all our policies.

Custom options

We offer thousands of custom options to help you find a policy you'll love.

Frequently asked questions

Sailing Boat Insurance

Fast Fisher Insurance

Read the latest boating news, cheap boating activities for families: affordable fun on the water, the best surfing spots in the uk, south coast boat regattas in the uk 2024, here for you, our uk team is here to help you.

Our team of dedicated insurance specialists are here to help, no matter what type of query, we’re ready for you. ‍ Call us on 01608 647400

We know insurance

Over 25 years helping our customers get insurance they deserve, we only suggest policies from providers we know and trust..

Our customers stay for an average of 5 years

Our UK-based support team is here to help with any query.

That’s why over 150,000 people insure with us every year.

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• Your Policy

Comprehensive boat insurance at competitive prices

with over 195 years experience in marine insurance you can be confident you are dealing with the experts

• Yacht & Sailing Boat
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Narrowboat, Barge & Houseboat

Personal watercraft & jet ski, canoe, efoil, and other small crafts, our comprehensive boat insurance policies offer you....

• Narrowboat & Barge
• Personal Watercraft & Jetski
• Small Craft
• No Excess For Third Party Claims
• Agreed Value
• Protected no claims bonus
• Third party liability £5,000,000
• Single handed sailing
• Legal protection cover
• Medical expenses cover
• Personal accident cover
• 24 hour emergency claims helpline
• Simple online claims procedure
• Rapid claims settlement
• Excellent financial security
• Friendly personal service
• Exclusive discounts via MyBoat
• Marina features included as standard if vessel is kept in a marina
• 24 hour online access to all of your policies and documentation
• No Excess for Third Party Claims
• Contents Cover
• Automatic liveaboard cover
• Agreed value
• 24 hour emergency claim helpline
• Simple claims procedure
• Protected No Claims Bonus
• Machinery Damage Cover
• Road Transit Cover
• 0% Finance available
• Agreed value policy
• No excess for claims where a third party is found liable
• 24 hour access to all of your policies via your online account
• 0% finance available
• Automatic racing cover and refund of entry fees
• Personal belongings cover up to £350
• New for old on all items in the event of a claim
• No age limit of user or craft
• Transit and trailer cover
• 24 hour emergency helpline
• No excess on third party claims
• Inland coastal waters of EEA countries for up to 30 days per year
• 5% discount available for tracker system and data tags
• Water skis and water toys liability available
• Fully comprehensive policy
• Cover included for unnamed experienced drivers
• Cover for accompanied drivers 14+
• Savings for summer only use
• Third party liability £3,000,000
• Legal protection cover (optional)
• Cover for experienced drivers 16+
• Discount for RYA PWC Qualification
• Theft Cover
• 30 Days Free European Use
• Recreational Racing Cover
• No age limit on user of craft
• Multiple small crafts can be covered in one policy

Policy features are subject to restrictions. Please see policy wording for full details.

For more information about the features of our GJW Direct Insurance, please refer to the relevant policy document.

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Useful resources

GJW Direct are committed to providing useful advice, helpful tips and general guides on all things boating!

Discover life on the canals

Here you'll find everything you need to know from narrowboat maintenance, designs and much more.

For the ultimate buyer's guide

Here you'll find everything you need to know, from insuring your vessel to buying top tips.

A comprehensive guide

Here you'll find everything you need to know, from insuring your vessel to holiday hotspots.

Safely store your vessel

Here you'll find everything you need to know, from insuring your vessel to marina tips and advice.

Here are some of the organisations we work with

Partnering with the RNLI

Sponsoring the Autism On The Water Charity

What gjw direct customers think.

1st impressions of dealing with GJW and taking out the cover on our V45 10/10. Debbie extremely helpful. Thank you for your perseverance in getting the right cover in place for us.

Unfortunately in the last 10 months I have had to make 2 insurance claims - GJW on both occasions have been absolutely fantastic . I would strongly recommend this company - truly outstanding - great service and very easy to deal with - Thanks

Sarah was exceptionally helpful in arranging my boat insurance and ensured by the end of the call that I was informed, knowledgeable and pleased that I had secured the best possible cover for my needs. Thank you!

GJW have been my chosen insurance provider for 26 years and we have now insured our 8th boat with them, a Riva. They have always exceeded our expectations.

A company with a good reputation in the industry. They provided a competitive premium quote which was agreed without difficulty. A first rate service from Debbie. We have had no claims on our policies since 1995 - long may it continue!

Excellent service to sort out new insurance for us. Good price, swift responses and easy signing up. They included our pontoon easily when others would not.

Remarkably helpful and knowledgeable staff who answer the phone readily. I have talked to them on a number of occasions as I plan my boat insurance needs. In general they seem to be mature, experienced people who understand their business and their industry and are happy to answer questions and explain how things work.

Great company, policies tailor made for liveaboards with inclusive cover for realistic amount of contents at a very competitive price. Nice people giving a personal service....what's not to like?

We've just renewed our widebeam insurance for this coming year and received an excellent service from GJW. Really good premium and only a very small increase. Superb!

Debbie at GJW was very helpful in arranging the insurance for my boat....my narrowboat is over 30 years old and I expected the process to be problematic....it was a relief to be able to get such comprehensive cover so easily and quickly. THANK YOU, Debbie 🙂

I have just renewed my Barge Insurance with GJW and I am very satisfied with the service. Their price was very competitive and I was pleased that my premium has not gone up this year.

Excellent, friendly service with competitive prices and always quick and factual responses to communications and questions - very highly recommended!

Fabulous service from GJW Direct recently. I managed to 'banana' my Supernova mast whilst racing - a tricky downwind leg in a strong and gusty breeze and a nasty capsize at speed. Submitted my claim on Monday; claims team emailed me on Tuesday; new mast arrived on Wednesday. All this meant that I didn't miss coaching on the very next Saturday or Club racing on the Sunday = very happy customer!

I've insured with GJW for a few years having found their pricing competitive. But you never really know about an insurer until you make a claim. Well last month I had to claim for a snapped dinghy centreboard. I found them efficient and really easy to deal with, my claim was settled for exactly the amount I was expecting. After that experience I'll definitely stay with them and won't hesitate to recommend GJW to others. Stay safe people.

I have used GJW dinghy insurance for several years. The premiums are competitive for very comprehensive cover. When I recently had to make a claim, the service and response by Ashley was rapid, polite, and faultless. Whilst I continue to need dinghy insurance I will continue to use GJW Direct - hopefully without having to claim again.

• Sustainability

The Ripe Guarantee

• Refer A friend

Best Price Guaranteed on your Boat Insurance*

Select your boat type for a quick quote

Up to 25% no claims discount

If you’ve made no claims in the past 5 years

At Ripe we take good care of you with great cover and exceptional service at the right price.

Marina mooring discount

Up to 15% discount if you moor your boat in a recognised marina.

Your cover options

Our flexible policies mean you can choose from two simple cover options and then add the optional extras you require.

Boat (Hull & Machinery) & Third Party Liability

This option will cover your boat against theft and damage, as well as covering you for salvage charges. It also covers your legal liability if you damage another boat or property, or injure another person.

What’s included in this cover?

• Theft of your boat or craft
• Accidental damage caused by fire, explosion, collision, standing, grounding and heavy weather
• Accidental damage caused by negligence
• Malicious damage to your boat or craft
• Salvage charges and expenses in preventing or minimising damage to your boat or craft
• Accidental damage caused to another boat or property, or injury to another person
• Legal costs incurred as a result of damage to a third-party boat or property, or injury to a third party person
• Cover extends to any person in charge of your boat with your permission
• Option to increase standard Liability cover from £3 million to £5 million for £40 plus IPT (insurance premium tax). Please note this is not available for Jet Skis.
• Option to include the contents of your Narrowboat (if applicable)

Get a quick quote

Third party liability only.

Third Party Liability only cover protects you in case you cause damage towards another boat or property, or injure another person whilst on the water.

• Legal costs incurred as the result of damage to a boat or property, or injury to a person
• Accidents incurred when another person is in charge of your boat or craft. Cover extends to any person in charge of your boat with your permission, exclusions apply

Refer your friends   and you’ll both be rewarded

If you choose to refer your friends to us, not only will we reward you with a voucher of your choice but your friends will receive an exclusive discount too!

Find out more

Private clients

For boats over the value of £500,000 . With an in-depth understanding of marine insurance, we can offer you complete choice and flexibility when crafting your cover. Our expert advisers will build you a totally bespoke quote based on a detailed discussion about your vessel, your experience and where you sail.

Why choose our specialist boat insurance ?

Regardless of whether you own a narrowboat or a paddleboard, it is vital that you have the right insurance to ensure you and your pride and joy are fully protected.

Our insurance covers you and your boat against theft, loss and damage. You can also include contents cover as part of your policy if you need it.

Our Third Party Liability Insurance provides protection if you cause damage to another boat or injure another person.

We also offer a range of additional cover options so you can tailor your policy to get exactly the protection you need, meaning you’ll only ever pay for the insurance you want.

Plus, we offer discounted rates* based on your sailing experience, age and where you moor your boat. And better still, we rubber stamp our prices with our Ripe Guarantee* which means you get great cover and exceptional service at the right price.   

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Check out some of our great reviews...

Already insured?

No problem. You can set your policy to start anytime in the next 90 days so you can be covered when you need it.

To make a claim...

In the event of you needing to make a claim, simply call +44 (0)800 997 8986 and you’ll be in the capable hands of our advisors.

*Discount is not available on narrowboats or to customers who live aboard their boat and who use it as their primary residence. Applicable discount applies to the policy premium only. We are not able to offer the Best Price Guarantee to Insure4Boat policyholders who live aboard their boat. This Guarantee is also not applicable on any boat with a value in excess of £50,000 and/or where the Insure4Boats annual premium is in excess £2,500.

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Boat insurance faqs.

Our boat insurance policies take into account a number of factors including the size, value and use of your craft. 

Boat insurance is designed to protect your vessel, other craft and those on your boat. This can include cover against financial loss in the form of damage to your boat, a third-party claim against you from another boat owner for damage caused to their craft, or in the worst case, injury or fatality to you or one of your passengers.

Levels of cover that can be added include wide-ranging cover and third-party liability. Wide-ranging cover protects your boat if it suffers fire, theft, vandalism or accidental damage, while third-party liability provides financial protection if you have an accident involving another vessel. It compensates for any damage or injury incurred by that third party.

Our boat cover can be tailored to suit your needs, depending on the type of craft you have and what you will be using it for. Accidental damage is available across our policies to protect you from bumps and scrapes.

Boat insurance is designed to cover physical damage to equipment including the hull, sails, machinery, furnishings, on-board equipment and trailer. To ensure you purchase the policy that suits you and your boat best, verify the most expensive parts of your vessel and ensure that not only does the boat insurance policy you are taking out offer cover for damage to them, but also that you are aware of what deductions you will be faced with if you claim.

Standard boat insurance policies normally include:

Accidental damage, including fire, theft and malicious damage, sinking, stranding, collisions and salvage costs

Damage to the engines

Damage caused while your boat is being transported (though there may be length limits, so always check your policy)

Damage caused during lifting and launching

Damage to or loss of your boat due to latent defects

Damage caused by frost

Cover for personal items

Most policies also offer flexibility in terms of boat management, allowing anyone else to which you have granted permission to sail your boat to remain covered by your boat insurance. However, some polices do state that cover is void if your vessel is chartered, so if you are keen to do this, check whether this is acceptable.

As usual, all policies will vary, so ensure you choose the right one for your particular needs.

Although boat insurance is not a legal requirement in the UK, evidence of third party insurance is compulsory at most marinas, harbours and in recognised mooring areas. If you’re considering investing thousands of pounds in a boat, you’ll no doubt want to make sure you’ve got the right insurance cover in place to protect it.

Boat insurance isn’t a legal requirement on all waterways, but the high value of boats themselves and the potential for injury make it a risk not to have it. Additionally, many marinas require a minimum of third-party cover if you’d like to use their facilities.

If you are towing your new boat by to its mooring location by road, you should also ensure you take out your boat insurance beforehand. Any previous owners’ cover does not extend to you, and although your car insurance may cover your boat while on the journey, there are often restrictions depending on the length of your boat.

If you’re a new boat owner, it’s a good idea to seek some training. Reputable insurers like you to show you’ve reached a certain level of competence, either gained through years of experience, or following completion of a course, such as from the  Royal Yachting Association .

The level of coverage you need will depends on a number of factors, particularly how and where you are intending to use your boat. Should you use your craft for more particular or competitive purposes, such as racing, you can add specialist cover to your policy for greater peace of mind and increased protection.

Our boat insurance policies cover a variety of different risks, depending on the type of craft you have, its age and size, and how and where you use it. Therefore, it’s difficult to give an average cost.

Racing  – Make sure you don’t pay over the odds for localised sailboat racing. Some boat insurance policies provide cover automatically at no extra cost for localised sailboat racing such as the Round the Isle of Wight Race (including damage to masts, spars, sails and rigging). However, others may charge an additional premium, based upon the estimated cost of replacing the damaged parts. Make sure you ask before you buy – otherwise you could end up paying extra for something that’s automatically included elsewhere.

Mooring in marinas  – Similarly, ask if there are any discounts for boats moored in marinas. Most insurance providers have agreements with specific marinas which could reduce your premiums by up to 20%. You can also save costs if your boat is kept ashore.

Changing mooring locations  – If, after you’ve bought your policy, you change the mooring location or buy more gear/equipment, it is important to let your boat insurer know. If you don’t, it could affect any subsequent claim you make.

Boat insurance excess  – Excesses will vary depending on your provider, but invariably the higher the excess, the cheaper the quote. Make sure know what you’re expected to pay out upfront if you make a claim – you may want to increase or decrease it.

Please see the page for your specific craft from the list to find more details:

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Watch our video guide to the types of motor craft we can insure , to help you understand what is the right cover for you. Watch the guide here .

Watch our video guide to understand the precautions to take to ensure you stay safe when using gas on your yacht . Watch the video here.

Once it reaches 30 years of age, we will need to see a survey detailing the condition of your narrowboat. This can coincide with your BSS certification. Thereafter, you will need to provide us with a survey every five years going forward. If this is not provided to us prior to renewal, we will be unable to provide you with a renewal quotation. 

Whether your dream is to own a small sea fishing boat that can carry you outside the harbour entrance for a spot of bass fishing or for a larger vessel that can take you and a party well offshore to the fishing grounds, the same principles of decision making apply there are a few questions to ask yourself to understand which is the best fishing boat for you.

Questions to ask yourself when choosing your fishing boat…

• Experience - You might have plenty of fishing expertise, but have you owned a boat before? If not, be realistic about the size and type of boat you can manage.
• Size - How far offshore do you want to go and how many passengers do you want to be able to carry?
• Type - Do you want slow, heavy, light, fast, rugged, stable?
• Skills - How are your boat handling and navigation skills? Do you have a VHF certificate?
• Budget - Do you have a budget in mind? Have you listed all the costs involved?
• Time - Owning a boat consumes plenty, how much spare time do you have available?
• New or used - What are the pros and cons?
• Engine - Are you thinking of an inboard or outboard engine?
• Storage - Will you keep the boat ashore, on a mooring or in a marina?
• Road transport - Will you need a road trailer? If so, check the maximum towing weight of your vehicle?
• Maintenance - Are you planning to maintain the boat yourself?

Size of boat

Some may argue that you can fish from any size of vessel, but in order to have an enjoyable experience any boat under 4 metres in length is going to be a challenge.

A 5 metre is suitable for a first time boat buyer, being easily manageable. A 5 metre boat can normally be launched from a trailer fairly easily.

Boats of 6 metres in length will require a strong vehicle with a high towing capacity, especially those with cuddies which will add to the weight. The extra metre in length will provide much more room than a 5 metre.

Boats over 6 metres in length will be better suited for offshore fishing and give you more freedom to explore fishing grounds further from your home port. Expect to pay much higher prices for boats this size and bigger.

Note: Fishing boats with cuddies offer more protection than an open boat but they also limit the all-round fishing experience.

Transporting your boat by road

If you plan to transport your boat by road it is important that you check your vehicle has adequate towing capacity and that the combined boat and trailer gross weight does not exceed this. For example an average family car should be able to manage a combined boat and trailer weight up to 750kg, while the largest 4x4s can tow a combined boat and braked trailer weight up to 3500kg.

Note that braked and un-braked trailers have different limits. Rules and regulations for towing in the UK and Europe are quite complex.

There are all kinds of boats out there suitable for sea fishing, varying in shape, size and purpose. Choosing the hull type is a good way to start narrowing down your choice.

Displacement hull

Displacement hulls are used for slow, heavy vessels like trawlers and tugs. A displacement hull moves through the water by pushing the water aside and cutting through it at a slow, steady speed. Fishing boats with displacement hulls are economic on fuel and move through the water easily and efficiently. They don’t tend to rock around and are able to cope well with rough seas.

Planing hull

Planing hulls are designed to rise up and skim or ‘plane’ over the water once they have reached a high enough speed (usually 15 knots or more). They require large powerful engines to build up sufficient speed to plane. Most boats designed to plane are made of light materials to keep their weight down.

Planing hulls are V shaped in section at the bow, to help the hull cut through the water, extending to a flatter bottomed, wider shape towards the stern, allowing the boat to skim over the water at speed.

Semi-displacement hull

A semi-displacement hull is normally narrower than a planing hull, with a fine bow but a more rounded hull shape than a pure planing hull and a flat part at the stern to help create lift. The more rounded shape of the hull makes it more comfortable than a planing hull in a rough sea.

Semi-displacement hulls are well suited for rugged, sea going boats such as pilot vessels, which are able to move quickly through heavy seas.

Cathedral hull

A cathedral hull is a variation of a planing hull and a popular shape for fishing boats. Cathedral hulls have a deep V shape along the centre with two smaller V shaped sections on either side, similar in design to the roofs of old cathedrals. This design gives a stable platform that is suited for fishing and copes well with rough conditions.

The hull shape also enables greater speed than a heavy displacement equivalent, which gets you to the fishing ground quicker and back home quicker if the weather turns nasty.

Budget for your fishing boat

It is a good idea to list of all the likely costs. Here are two basic checklists covering the initial purchase costs and annual expenses:

1. Boat and equipment purchase

• Purchase price - Check what equipment is included
• Trailer - If a road trailer is not included, this can be a major item
• Survey - Essential if you buy a used boat
• Spare engine - If your main engine fails, a spare outboard will get you home
• Navigation equipment - GPS, compass, VHF radio, nav lights, foghorn
• Fishing equipment - Fish finder, rod holders, tackle, rigs, buckets, storage boxes
• Safety equipment - Lifejackets, fire extinguishers, flares, lifebuoy, first aid kit
• Deck gear - Anchors, chain, warp, mooring lines, fenders
• Spares - Engine spares, fuses, light bulbs, tools

2. Annual running expenses

• Engine servicing - Get quotes from service engineers before you buy
• Trailer servicing - Brakes, bearings, corrosion protection
• Maintenance - Hull, props, antifouling, paint, varnish, safety gear
• Storage fees - Get quotes from marinas, boat yards, harbour and river moorings
• Harbour dues - If you are based in a harbour, expect to pay annual fees
• Fuel - Make an allowance for fuel, based on expected annual usage
• Repairs - Wise to factor this in, even if an unknown
• Tackle - The sky’s the limit
• Insurance - Find out more about boat insurance

Searching for the best small sea fishing boat?

A good place to start searching is by browsing a few of the many websites and forums that are dedicated to sea fishing and boat buying. Most online marketplaces enable you to refine your search to suit your requirements and some have advanced search features which will notify you if a boat matching your search criteria comes on the market. Here are some good examples:

• Angling Addicts

By signing into online forums, you can easily get advice from people with experience. If you browse online you will find several for sea angling enthusiasts.

Visit the boat shows if you can, not only to look at the boats, but talk to the people working in the boating industry - designers, manufacturers, finance people, the training schools and more. Most will happily offer their advice at these shows and are used to doing so. There are many boat shows held around the UK during the year, the largest being London (every January) and Southampton (every September).

It is advisable to talk to a few brokers in your area as they will be able to help guide you through the boat buying process. Most are happy to offer advice and can show you round fishing boats in your price range.

Buying a used sea angler

It is advisable to decide early on whether you are going to buy new or used, as the buying process differs a little.

If you buy new, then there is much more scope to have the boat customised to suit your needs. While a new boat will cost more, it may prove easier to arrange good finance terms as repayments can be spread over longer periods.

If you buy a pre-owned boat, say a few years old, it should be a lot less than the cost when it was new and the depreciation will be less as it gets older, provided you maintain it in good condition. You will need to have the boat inspected by a surveyor but you can land yourself an excellent boat at a very good price.

New versus used boats - pros and cons

Engines - inboard or outboard?

Most small to medium sized fishing boats on the market have outboard engines, many being modern 4 stroke engines, which are quieter than the older 2 stroke engines.

Opinions vary whether inboard is preferable to outboard, but it is generally accepted that outboards are best suited for small to medium sized fishing boats and inboard diesels are the engine of choice for larger boats, say over 8 metres. Inboards tend to be heavier, more expensive and more difficult to work on, but on the other hand they last far longer.

There are pros and cons for both but for the purposes of this article, let’s go with the outboard. If you find a boat with an outboard, then there are a number of things you should check:

• Contact the manufacturer and check the engine is the correct weight and horsepower rating for the boat. An overpowered engine will affect handling and balance and may also damage the transom; an underpowered engine will have to work very hard and might overheat easily.
• Check the shaft length of the outboard will be suitable for your boat’s transom.
• You need to see the engine running. Make sure that the cooling system is working properly.
• Note : If a water cooled engine is run out of the water it can do major damage, by overheating the engine and destroying the impeller. Make sure the engine has a proper water supply for the cooling system if the test is done ashore.
• If the engine is a 2 stroke check that marine grade two stroke oil has been used in the mix. It needs to be TC-W3 approved oil, which is expensive but essential for the health of a marine 2 stroke.
• Ask to see compression figures for the engine. If the readings are 10% below or more than the manufacturer’s recommended level in any of the cylinders then this indicates wear and the engine will need a rebore and new pistons, which will be expensive.
• Check the fuel consumption for the engine, measured in gallons per hour.
• Avoid buying a non-runner unless you are an experienced mechanic.
• Check the engine serial number (S/N) - this will enable you to check online the age of the engine by going to the manufacturer’s website and entering the make, horsepower and S/N.

Maintenance of your angling vessel

Salt water is a punishing environment for engines, electrics, instruments, paintwork, varnish and just about anything that is manmade. If a boat isn’t regularly maintained and looked after then the risk of engine failure or equipment failure will increase and sooner or later something is going to break and ruin your day.

When you look over a used boat, it is important to thoroughly check the vessel’s maintenance records. If records are not available, then proceed with utmost caution as replacing gear can get very expensive and time consuming.

All recreational boats placed on the market after 1998 between 2.5m and 24m in length are required by European Law to comply with minimum standards set by the Recreational Craft Directive (RCD). When looking for a boat, the RCD category will be marked on the identification plate, along with the maximum recommended load, number of persons recommended, manufacturer’s name etc.

The RCD states that manufacturers have to categorise their boats into one of four categories that are rated according to the seaworthiness capabilities as follows:

• A - Ocean: Designed for extended voyages where conditions may exceed wind force F8 (Beaufort scale) and significant wave heights of 4m and above, and the vessel largely self-sufficient.
• B - Offshore: Designed for offshore voyages where conditions up to and including wind force F8 and significant wave heights up to and including 4m may be experienced.
• C - Inshore: Designed for voyages in coastal waters, large bays, estuaries, lakes and rivers where conditions up to and including wind force F6 and significant wave heights up to and including 2m may be experienced.
• D - Sheltered Waters: Designed for voyages on small lakes, rivers and canals where conditions up to and including wind force F4 and significant wave heights up to and including 0.5m may be experienced.

Choosing a fishing boat - our summary

• The more background boating knowledge and practical skills you can build up the better.
• Choose the right type of boat to suit your needs and experience.
• Work out your budget, including running costs.
• Check out the sea angling forums - a great place for advice.
• Decide whether you want to buy new or used.
• Get a survey for a used boat. Pay particular attention to engine condition.
• Visit the boat shows.
• Talk to brokers; most will offer advice and help guide you through the process.
• Sign up for some training unless you are already a skilled boater.

It is always recommended that you check your policy documents for a comprehensive list of exclusions but typically boat insurance does not include cover for:

• Wear and tear
• Deliberate acts of negligence or recklessness
• Operating a boat under the influence of drugs or alcohol
• Individuals not wearing ‘kill-cords’ on crafts which require them, such as jet skis

Aspects that are excluded from standard boat insurance policies are:

Damage caused to the vessel due to deliberate misconduct

Damage due to wear and tear

Damage due to corrosion osmosis

Damage to machinery if your boat breaks down

Other areas to check your policy on carefully include the following.

Sailing limits  – Always check your policy’s cruising range. UK policies usually only cover UK inland and coastal waters, so if you’re sailing further afield, you’ll need to extend your limits.

Seasonal cover  – Some policies only provide cover for certain times and stipulate your boat should be secured ashore for the rest of the year. Check policy limitations: if you’re at sea when you should be ashore (due to bad weather or an unexpected sailing delay) you might not be covered.

Water sports  – If you intend to use your craft for water sports, such as towing inflatables, check with your insurer that your policy covers this.

Trailer condition  – Don’t forget to keep your trailer in good condition: if this fails, your boat may be damaged and rendered unseaworthy under your policy. Check the wheel bearings, hitch locks and breakaway cables carefully.

Read Boat Insurance Articles

A commonly asked question by first-time buyers of boats is what, if any qualifications you need to buy a vessel. Read our explanation to find out.

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March 18, 2024

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Boats are our passion - we understand the joys and the challenges of owning a boat. At the helm of Craftinsure are 3 boat owners - we all have our own boats, too many in some cases!. We race Dinghies most weekends and our MD is on his Beneteau as often as he can get out of the office. We bring many years Underwriting experience and the leadership team are all Insurance qualified, (ACII). Claims are dealt with by our own claims crew. We don’t outsource our claims to call centres. Our claims team are also vastly experienced, and again you might see them afloat at the weekend.

Craftinsure Limited is a privately owned Underwriting Agency and craftinsure.com is a trading name. Craftinsure is owned by Boat owners who are set up the business nearly 20 years ago and Craftinsure now insures over 25,000 boats. We only insure Boats. Craftinsure is a ‘Quote and Buy’ online business, we pass on the cost savings of being online to you as very competitive premiums. We are direct to customers only – we do not deal with brokers or marinas, so you get the savings.

Craftinsure enjoy sponsoring boating events in the UK. These are usually Sailing Regattas, but we do support all types of boating events. Craftinsure support a number of Dinghy and Yacht Class and Owners Associations – Get in contact if you want to work with us.

20 years o f cover

Craftinsure was started in 2001, we were the first online Boat Insurer. Remember dial up modems? We have become a leading Boat Insurer in the UK. With more than 25,000 current policyholders we are now one of the largest boat Insurers. We removed the paper chase that we saw in boat insurance and replaced it with a 4-6 question quote – quotes take 20 seconds, and 2 minutes to get on cover. To be asked to fill out a form and send it in to underwriters is not reasonable in 2020 - Craftinsure - Boat Insurance made easy.

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We produce a lot of advice on how to reduce the risk of loss or damage to your boat. We understand that if we can help you avoid having an accident it's even better than paying the claim. We post advice on our website and use social media to engage with our customers. We aim to ensure our advice is topical so that it's provided at the relevant time. If you have our App we can serve advice specific to your boat type and where your boat is located.

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Assist Insurance Services is one of the UK’s leading provider of leisure-based insurance products and have more than 19 years’ experience. With over 50,000 leisure policyholders throughout the UK, our insurance policies offer some of the most competitive and comprehensive policies available on the market. Each member of the Assist Insurance team has an in-depth knowledge of leisure insurance, so you can be confident that the cover you receive will be the right cover for you and your circumstances.

We are extremely passionate about the service we provide to each and every customer and this has been recognised on many occasions. On the 3rd July, we were recognised once again by the insurance industry when we were announced as winners of The Customer Experience Award at the 2024 British Insurance Awards. This award stands pride of place next to our 2024 Feefo Platinum Trusted Customer Service Award for consistently delivering outstanding customer service to our policyholders the 2020 UK Broker of the Year Award . Each of these awards are a true reflection of our commitment to outstanding customer service.

For peace of mind, comprehensive cover, an award-winning service and competitive premiums, speak to one of our advisors today and find out why so many people choose to insure with Assist Insurance Services.

Take a look at the type of cover you can receive as standard with our insurance policies on the relevant product page or speak to a specialist advisor today on 01604 946 779.

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As yacht insurance specialists, we’re constantly developing our insurance policy to meet your changing needs, adapting your policy perfectly to you. Call or email us today, or complete our simple online enquiry form by clicking the button below.

Yacht & sailing boats

Continue cruising with confidence with our specialist sailing yacht cover.

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We provide personalised cover for a range of motor yachts, from water ski day boats to large prestige yachts.

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Rustler Yachts

These handcrafted Cornish yachts are marked by the personal touch. Pair yours with a tailored policy.

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Get peace of mind for your marine enterprise – whether it’s a single fishing boat or a fleet of workboats.

Get insured by Admiral Marine for:

• Boat insurance cover that can be tailored to your needs
• An in-house boat insurance claims service with a global network of surveyors and repair specialists
• Good customer service from your dedicated underwriter

Frequently Asked Questions

Our standard policy allows you to take part in any race or regatta, but does not cover for the rig unless it is damaged by collision, stranding, sinking or fire. The hull is covered, but with a double excess during racing.

Your claim will be assessed on the basis of the ‘agreed value’ – the insured value stated on your policy schedule at that given time and in accordance with the terms of your policy.

Contact us as soon as possible to inform us of any changes. We’re happy to accommodate changes at any time during the year, whether that be changing contact details or an aspect of your policy.

We don’t offer no claims bonus on any policy where the insured value exceeds £200,000 and/or where the boat is spending the majority of the policy period outside the boundary of UK and European waters.

Because we’re committed to offering the best personal service and tailored terms, we don’t believe in automatic renewals. Instead, we’ll offer you a renewal quote about a month before your policy is due to expire, and ask you whether there have been any changes to your requirements.

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Admiral Marine is a trading name of Admiral Marine Limited which is authorised and regulated by the Financial Conduct Authority (FRN 306002) for general insurance business. Registered in England and Wales Company No. 02666794 at 1st Floor, One The Square, Temple Quay, Bristol, BS1 6DG

If you wish to register a complaint, please contact the Compliance and Training Manager on  [email protected] .  If you are unsatisfied with how your complaint has been dealt with, you may be able to refer your complaint to the Financial Ombudsman Service (FOS).  The FOS website is  www.financial-ombudsman.org.uk

+44 (0)1722 416106 | [email protected] | Blakey Road, Salisbury, SP1 2LP, United Kingdom

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HelloSafe » What Are The Best Boat Insurance Companies?

What Are The Best Boat Insurance Companies?

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Table of Contents

What is boat insurance?

Boat insurance, as the name suggests, covers the most frequent damages encountered by happy boats' owners.

These damages may concern the boat itself (theft of equipment, or theft of the entire boat, collision with an underwater object etc.) but also crew members who could easily get injured whilst being on a boat.

Boat insurance can also protect you against potential damage that you could cause to a third party (collision with another boat for example).

If not always mandatory, we would however strongly suggest any boats' owner, especially of high value boats, to get boat insurance.

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Do I need boat insurance?

Bad things do not only happen to others and you are never exempt from a boat accident whilst you are at sea. Additionaly, damages implying boats easily reach significant amounts.

Getting a boat insurance will allow you to sail with complete peace of mind. This is why we would strongly advise you to apply for boat insurance.

You'll find below indicative figures of what frequent accidents at sea usually cost to boats' owners:

Is boat insurance mandatory?

Boat insurance is mandatory in many situations as listed below:

• If you wish to use your boat for racing or if you wish to charter your boat.
• If you wish to obtain a boating licence for inland waterways. This depends very much on the local authorities. Always check first the laws in force in areas you intent to go.
• If you want to take out a loan to buy your own boat.

Good to know

You must know that more and more marinas and local authorities are asking for a minimum third party insurance for motorboat. For information, be aware that the Canal River Trust asks for a minimum £2 million third party cover.

How much is boat insurance?

Boat insurance can vary from a few dozen to several hundred pounds a year.

As you can imagine, many factors affect the price of your boat insurance: the type of boat for instance and its value in particular, but also on the place of anchorage, your sailing experience and of course the type of insurance you take (fully comprehensive or third party only).

You will find below indicative quotes of how much boat insurance may cost you:

You can benefit from many discounts when subscribing to a boat insurance. Your number of years of experience, the number of years without claims, the number of claims over the past 5 years...

What factor will affect the price of my boat insurance?

As we have seen, there are a large number of factors influencing the cost of your insurance but the main ones are:

• The type of boat (category, model, size, motor etc.)
• The kind of cover you opt for (third party only or fully comprehensive)
• Your boat's value
• If you can benefit from any no claim discount that most of insurers offer.

What does boat insurance cover?

As standard, boat insurance covers:

• Theft, attempted theft (boat, hull and machinery)
• Fire and explosion
• Heavy weather
• Collision (with another boat or with under water object)
• Malicious (physical loss or damage caused by someone else, has to be reported to the police)
• Salvage charges
• Liability to third party (accidental injury, damage to third party property or boat).

What does boat insurance not cover?

Usually, boat insurers do not cover as standard:

• Any boat unequipped by anti-theft device
• Gradual degradation due to wear and tear
• Any equipment undeclared in your schedule
• If the boat exceeds cruising limits
• Damage caused by insects or marine life
• Third party liability doesn't cover people doing underwater sports or to people being towed behind the boat
• Damage caused by any irresponsible behavior (influence of alcohol or drugs).

Pay attention to carefully read your insurance policy, some terms and conditions can vary depending on the insurer.

What type of boat insurance do I need ?

When applying for boat insurance, you will have the choice between different level of policies according to your needs. In fact, insurers aim to provide you with the policy that best suits your situation to avoid unnecessary extra costs! We have therefore identified three main policies, detailed below:

What type of boat can I get insurance for?

You can basically get insurance for any type of boat including:

• sailing boat (monohull, catamaran)
• motorboat (inland and coastal)
• dinghy (monohull and catamaran)
• sportscraft
• small open motorboat.

Check out our main guides on insurance depending on your type of boat.

How can I get boat insurance?

To apply for boat insurance you will need the following information:

• The type of boat you own: insurers have specific categories of boats that have particular pricing. Some may ask your precise boat model;
• The value of your boat: the value of a boat can vary a lot according to its age, state, material ... It is frequent to consult an expert who will give you a precise and realistic estimation that will avoid any misunderstanding between you and your insurer. Some insurers can even require the expertise of a surveyor for some boats (that exceeds a certain age for instance);
• Your boat year of construction;
• If there is a motor on your boat;
• The size of your boat;
• Its location and type of mooring;
• Your navigation experience;
• A potential no claim discount.

The no claim discount can go up to 25% if you didn't have any claim for more than 4 consecutive years of insurance.

How to cancel your boat insurance ?

Each insurer has its own cancellation process (as for claims). You usually need to send a cancellation letter, email, or call them to express your wish not to proceed.

You have 14 days following the signature of the contract to cancel it and the entire premium will be refunded to you (unless a claim has been made during this period).

Beyond these 14 days, part of the premium will not be refunded (amount may vary according to the contract subscribed).

How to claim on my boat insurance?

If you are unfortunate enough to have suffered damage, please be sure to follow these points to make it easier for you to make a claim later on

• Keep the affected property as evidence
• When you are involved in an accident with another boat: get all the information on the boat in question and the owner's contact details. If you are at fault and do not pay any money immediately, take the necessary steps and you will discuss the details with your insurer later.
• In case of theft or vandalism you must report them to the police and keep the Crime Reference Number.
• To proceed with a claim you must then deal directly with your insurer on the website, by sending an email or by phone.

Should I cover my boat during the winter season?

Even if you mostly use your boat during summer, covering it for the winter season is also important.

If your boat stays in a marina or a harbor, it is - exactly like an unused car parked on the roadside - very much exposed, not only to severe winter weather conditions such as frost or storms but also to frequent collision accidents happening in marinas during skipper maneuvers.

Even if you store your boat in a shed or on a trailer while waiting for the good weather, be aware that it is then much more vulnerable to theft, despite the presence of security systems. The majority of boat thefts happen in winter. If you are not covered against theft or accidents, you will have to pay out of your own pocket.

Is racing cover included in my boat insurance?

Boat racing involves many risks such as collisions between two boats competing, or with underwater objects. Let's find out if you can get cover for racing depending on the type of boat you have:

• Yacht racing : the coverage of yachts for racing is a bit complex. Indeed, it will depend a lot on the contract you have chosen with your insurer. In concrete terms, you need to look at your contract in particular to determine your level of coverage for racing yachts. Most policies cover the hull and take into account third party liability but to insure other parts of your yacht in case of an accident during a race you will need to take out extras.
• Dinghy racing : dinghy policies most often cover races.
• Motorboats racing : the insurance is not included in the proposed policies, it is necessary in the great majority of the cases to subscribe to an insurance proposed by the organizers of the race, specific to the event.

How can I value my boat to get boat insurance?

When you take out a boat insurance you have to estimate the value of the boat because the value of the contract is directly derived from it.

Overall it depends on the model of the age, the state of conservation, but also on the equipment of the boat, the type of engine, the place of storage of the boat (the transport can put off many buyers!).

By going on the internet you can get an approximate idea of the value of your boat but be aware that this is not an exact science, much less than the value of a car! This is why we recommend that you call upon an expert who will precisely evaluate your boat and who will considerably simplify the steps with your insurer (as we explained above, some insurers impose the use of this type of expert).

How storing my boat can affect boat insurance premium?

How you boat is stored will often have an impact on the price of your insurance as it will affect security criteria as well as boat's maintenance. You can choose between:

• Indoor storage: which is definitely the safest and the best option (sheltered from the weather). It brings the most security against theft but also against bad weather and external aggressions. Either on a dry stack storage in a marina (more restrictive schedules and you have to pay normal), or if you want to do it at home (if you have the space) you need a good protection system because boats are the target of many thefts. These protection systems must meet precise criteria from the insurers. Some insurers even impose protection systems to make sure that it meets their requirements.
• Outdoor storage. Although less optimal (because more exposed to the vagaries of nature and less protected from theft), this solution is also suitable. You can store it on land, for example at home if you have a plot of land that allows it. This solution requires adequate protection of the boat for the winter (protection of the engine from frost and rust, removal of valuable components, use a suitable cover). Otherwise you can leave it moored in a port or marina, this solution will allow you to dispose of your boat quickly at any time of the year. On the other hand, be very careful of damage caused by corrosion, algae, if you are in an area where the water is likely to freeze in winter this method of storage can seriously damage your boat. In addition, the costs can be considerable.

If you store your boat improperly, you risk not being covered by your insurer against material damage!

As you can imagine, situations can vary enormously and each contract is unique. So to better suit your particular requirements, there are a large number of options that you can add to your initial policy to ensure that you only pay for what you need. You have for instance frost cover, war cover, personal effects cover, trailer cover, transit cover ... It all depends on the premium you chose and what you want covered!

Verify that our policy includes uninsured boaters, otherwise take an option in case of risk (zone or third party insurance is not mandatory).

Are you planning to use a trailer to transport your boat? There are options to cover these trailers, which are often quite valuable against theft or accidents. Be aware that depending on the insurer, the coverage can vary as well as the type of trailers covered. So remember to address this issue to avoid any disappointment if an accident occurs.

In order to navigate on inland waterways in the UK it is necessary to have an inland waterways license. The money made on these licences is used to maintain UK inland waterways. In order to avoid your boat being confiscated by the authorities you necessarily a licence but don't worry obtaining such a licence is very simple! You only need to have a Boat Safety Certificate and a third party liability insurance that includes 2 million pounds minimum. Don't worry, such a policy is very affordable!

Nishadh Mohammed is a seasoned news editor and financial writer, working with HelloSafe since May 2023. Nishadh has developed expertise in financial markets, insurance, and investment products, with a deep understanding of the Canadian financial landscape. He has honed his SEO skills and content marketing strategies while writing for Canadian publishing houses. Armed with a master's in Business Analytics and extensive journalistic experience, Nishadh uniquely combines data proficiency and thorough research to deliver comprehensive and accessible information.

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Boat insurance in the UK

A beginner's guide to boat insurance in the uk.

Want to learn more about boat insurance? You’ve come to the right place.

In this beginner-friendly guide, we’ll reveal the ins and outs of boat insurance and whether you should get it in 2024. 

Topics on this page include:

• What boat insurance does and doesn’t cover
• How much is boat insurance in the UK
• What factors can increase or reduce the cost of boat insurance

And much more!

Let’s get started:

What is boat insurance?

Boat insurance, also known as pleasurecraft/watercraft insurance, protects boat owners from financial losses and liabilities associated with owning and operating a vessel. 

Having the right policy protects you and your property and limits your financial liability.

It can cover the cost of damage repair or injuries to passengers and third parties. 

In some cases, it will even pay for legal costs in the event of an accident or lawsuit.

It’s highly recommended you get boat insurance for anyone who owns a vessel, including powerboats, sailboats, personal watercraft (PWC), or even a houseboat. 

Boat owners need to ensure that their policy covers everything needed to keep them safe and protected, and understand how to find the best deals on coverage.

Do you need boat insurance?

It may surprise you to know that boat insurance is not a legal requirement in the UK, but it’s highly recommended for several reasons. 

No matter how big or small the boat, it can be an expensive investment. 

Without the proper coverage, repairs or replacements in the event of an accident or theft can be a huge financial strain. 

If you happen to be involved in an incident that results in injury or property damage, you could be held liable for substantial costs. 

Having boat insurance can provide peace of mind and offer financial protection for boat owners.

It’s important to remember, too, that while it’s not a legal requirement, some third parties may require you to have insured your boats as part of their agreements. 

For example, if you’re an Aquavista berth holder, insurance is required as part of our berthing contract.

This is the case for most marinas and permanent berthing, so be sure to check with your mooring providers whether boat insurance is required.

What does boat insurance cover?

Boat insurance policies can vary dramatically in terms of coverage, but most standard policies include the following protections:

• Damage: Includes accidental and/or malicious damage to your vessel. Usually covers your boat, engine, and equipment and can protect you from things like underwater collisions. 
• Theft: In the event your boat is stolen, your insurance policy will cover the cost of replacement. Boats can be stolen from moorings, driveways, or marinas. 
• Third-party liability: Protection from legal and financial liabilities. Useful if your boat causes injury to a person, another boat, or property damage to a third party.
• Personal belongings: Personal items are often stored and kept on boats such as fishing gear, water sports equipment, and electronics. This coverage will protect you in case any items are damaged or stolen from your boat.
• Fire damage: Fires can and do occur on boats and can destroy your vessel. This is becoming increasingly more common with electric boats, so be sure to keep this in mind. 
• Transportation: Boats can be transported by road but doing so exposes them to increased risk from road accidents, moving, and launching. 

What does boat insurance not cover?

While most UK boat insurance policies will provide you with comprehensive coverage to protect your vessel, there are some exclusions and limitations you should be aware of. 

It’s important to remember that this can vary wildly between insurers and your craft types, such as inland boaters, liveaboard vessels, and coastal cruisers.

So be sure to check with your insurance provider on exactly what you get covered as part of your agreement.

Generally, most boat insurance policies will not cover:

• Wear and tear: Standard boat insurance policies do not tend to cover damage caused by wear and tear or gradual deterioration caused by normal use of the vessel.
• Negligence: If damage or loss occurs due to negligence or failure to maintain your boat properly, it may not be covered under your insurance policy.
• Racing and water sports: Some insurance policies may exclude coverage or require a separate policy for damages that are incurred during racing activities.
• Uninsured boaters: If your boat is damaged in an accident involving an uninsured boater, you may not be covered. Some boat owners take out extra uninsured boater coverage to protect them.

How much is boat insurance in the UK?

As with most types of insurance, the cost of coverage for boats in the UK can vary significantly depending on a number of factors. 

According to Velos, comprehensive insurance policies can cost anywhere from £100 to £500 or more per year.

But, the exact premium will be influenced by other things that can drive the price higher or lower. And your chosen insurance provider can heavily dictate what price you can expect. 

What factors can impact the cost of boat insurance?

Quite a few variables will affect the price of your boat insurance premium. 

If you own a larger, more expensive vessel, you can expect to pay more for insurance coverage than for a smaller, less valuable boat. 

A larger boat will be more expensive to replace in the event of a total loss, making insurance coverage and premiums higher.

For example, Velos claims that yachts and catamarans can cost around £380 and £480 respectively per year.

Whereas, houseboats are closer to around £260.

Areas of the county that have high rates of boating accidents or are crime hotspots may lead to higher premiums. 

The increased risk of theft or damage could mean more coverage is required and it will need to be sufficient to protect your boat. 

However, carrying high limits and low excesses will typically result in larger premiums, but raising the excess amount may lower the cost.

What types of boats can be insured?

With such a broad selection of boats and watercraft types available on the market, boat insurance companies typically offer coverage for a wide range of vessels, including:

• Powerboats - This includes speed boats, fishing boats, pontoon boats, and other engine-powered vessels like river cruisers.
• Sailing boats & dingies - Monohull and multihull sailing boats, yachts, dingies and rowing boats.
• Personal watercraft (PWCs) - Jet skis, waverunners, and other PWCs can be covered under specific policies.
• Houseboats - Insurance is available for houseboats, and typically includes stationary and motor-powered types. Examples can include narrowboats and widebeams .
• Luxury yachts - Luxury yachts can be insured though they may require specialised policies.
• Narrowboats - Wooden canal boats and other vessels designed for navigating narrow waterways.

Do you need a survey for boat insurance?

Most insurance providers will require a boat survey or safety inspection before issuing a policy, particularly if the vessel is old or expensive. 

A survey will assess the condition of the boat and identify potential risks or issues that could affect its seaworthiness or value. 

The survey's findings can affect the price of the coverage and the terms offered by the insurance company.

Top tips for reducing insurance costs

While boat insurance makes perfect sense, no one wants to overpay. 

But there are some ways to find affordable insurance for your boat. 

Before buying a policy, always take the time to shop around and ask for quotes from multiple insurance providers. 

Rates can vary drastically, so compare policies to find the best possible price.

Many organisations offer discounted insurance rates for members, so joining a boating club, yacht association, or other boating organisation can help you keep premiums down. 

Choosing a higher excess can also keep the payment low. 

Decide what you can realistically afford as an excess payment and lower your monthly premium.

Avoiding accidents and claims can help keep the cost of insurance lower so work to avoid any boating accidents or incidents. 

Some insurers will offer discounts if you bundle your boat insurance with other policies, such as home or car insurance. 

It can also be worth checking with insurers that focus specifically on boat insurance as they may be able to offer you more competitive rates than standard insurers. 

If your boat is small or inexpensive, you could consider a basic boat insurance policy with limited coverage to reduce your premiums. 

How to get boat insurance?

To secure the right kind of insurance for your boat, explore different insurers and look at options from:

• Websites like MoneySuperMarket and other comparison sites allow you to compare quotes from multiple insurers and find the best deal.
• Insurance companies like Towergate and Craftinsure specialise in boat insurance. It can be worth contacting them and similar insurers for a competitive quote.
• Insurance brokers can help you navigate the different policies and find coverage tailored to your specific needs.

When applying for insurance coverage, it’s essential to provide the correct information about your boat, boating experience, and intended use. 

This will ensure that you receive an accurate quote and an appropriate boat insurance policy.

Narrowboat insurance from Towergate

If you do decide that the boating life is for you then it is important that you protect yourself and your belongings with the right insurance. Towergate Insurance offers narrowboat insurance covering market value, safeguarding against incidents like fire, theft, and personal accidents. Additional breakdown cover provides peace of mind during waterway journeys. For more information visit our dedicated  narrowboat insurance  page or call one of our specialist advisers on  0344 892 1987 .

Where to start

What’s boat life like?

How do I get started in boating?

What kind of boat is right for me?

Boat life tips

Keep it coming!

Want a helping hand to guide you into boat life and lots more ideas and inspiration for life on the water? Share your email with us and we’ll make sure you get all our latest posts as and when they’re dropped.

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Sunken Superyacht Likely to Cost Insurers at Least $150 Million, Experts Say

Insurers of the Bayesian superyacht that sank this month, killing tech entrepreneur Mike Lynch and six others, could be on the hook for at least $150 million, according to the first estimates by industry experts.

The British-flagged 56-meter-long (184-foot-long) yacht, which the experts estimated cost around $40 million, capsized and went down on Aug. 19 within minutes of being hit by a pre-dawn storm while anchored off northern Sicily.

The superyacht’s hull was insured against physical damage by yacht insurance provider OMAC and a consortium of insurers including Travelers Cos. Inc., Navium Marine, and Convex, Reuters reported last week.

Yacht Insurer OMAC Is Hull Carrier for Yacht Sunk Off Sicily, Sources Say

Its protection and indemnity (P&I) insurance, which typically covers third-party liability claims including for environmental damage, injury and death, was provided by British Marine.

The hull was likely insured for around $40 million, while the P&I cover would be larger, insurance sources said.

“Our understanding is that the cost of the boat was between $40 and $50 million, so the limit of the hull & machinery policy was probably around those values,” said Marcos Alvarez, managing director, global financial institution ratings at Morningstar DBRS.

The P&I policy would likely be “several multiples” of the hull policy, or $200-300 million, Alvarez added, noting it would also likely cover liability payments even if the captain or crew are found to be negligent.

Prosecutors in the town of Termini Imerese, near Palermo, are investigating the captain and two other crew members. An investigation does not imply guilt or mean formal charges will follow. Prosecutors have said the probe would take time and require salvaging the wreck.

Oscar Seikaly, CEO of broker NSI Insurance Group, that provides yacht insurance, estimated the hull value at $40-70 million, but said P&I cover might not total more than $100 million.

P&I insurance would also cover recovery of the Bayesian, said Francesco Dubbioso, country manager for Italy for insurer Alta Signa Europe, who estimated the superyacht’s value at $30 million to $40 million.

Reuters is the first to report the potential insurance costs. OMAC, Travelers and Navium Marine did not immediately respond to Reuters’ for comment. Convex declined to comment.

The Bayesian disaster, which has puzzled experts who said the boat would have been built to withstand a severe storm, adds to recent woes for yacht insurers, who have faced a raft of hurricane losses in the past few years.

Premium rates have risen by four to five times in the past couple of years in parts of the U.S. and the Caribbean, and yacht insurers have cut the amount of cover they provide because of the risks, Seikaly said.

As a result, insurers have increased rates and re-evaluated their guidelines and risk appetite, according to industry experts.

As well as hurricanes, insured losses have mostly stemmed from severe storms, floods, and other weather events in North America, the Caribbean, and Europe, according to a report by broker Marsh.

Seikaly said four clients had last week been ready to buy boats but changed their minds because of the high cost of insurance.

Climate change was also likely to add to yacht insurers’ worries, Seikaly added, as it throws up more unexpected events.

“Whoever thought a storm in the Mediterranean in the month of August is going to sink a ship?”

(Additional reporting by Sinead Cruise; editing by Michelle Price and Sandra Maler)

Photograph: Italian Firefighters scuba divers bring ashore in a blue bag the body of one of the victims of the UK flag vessel Bayesian, on Wednesday, Aug. 21, 2024. (AP Photo/Salvatore Cavalli)

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• Categories: International & Reinsurance News Topics: British Marine , Convex Group Ltd. , marine insurance , marine liability insurance , Navium Marine , NSI Insurance Group , OMAC , protection and indemnity (P&I) , superyacht insurance , The Travelers Cos. , yacht insurance
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