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Yacht insurance In many countries, third party liability insurance is mandatory, especially in Europe, Turkey, Tunisia.
In Tunisia, marinas require insurance, not the state.
Sometimes it happens that the state does not require insurance, but marinas do.
Almost all marinas require third party liability insurance.
In northern Europe, no one thinks about it or checks it, but closer to the Mediterranean Sea, they begin to ask for it in almost every marina, as well as registration.
Insurance is usually issued for some specific regions, for example, insurance can cover the entire Baltic Sea or the entire Baltic Sea plus North Sea, or, for example, the entire Mediterranean Sea.
Some countries require minimum coverage for specific risks, for example Italy, which requires a little over seven million euros, or Greece that requires almost a million euros.
That is, your insurance must meet this minimum coverage, otherwise your documents won’t be issued, you won’t be allowed into the marina, or, perhaps, you won’t be released from the marina until you buy insurance.
You can see what insurance to get for a particular region on noonsite.com, I have already shown it to you.
Usually all reasonable insurance companies meet all these minimum requirements, but it’s better to check just in case, to clarify and find out if the insurance complies with the rules of the waters where you are going.
Third party liability insurance means that you are insuring the risks of third parties.
If you collide with someone, for example, in the marina, then the insurance company will cover all losses that you have caused to third parties, with the exception of the deductible.
Naturally, no one will cover your repairs in this case.
Only third party repairs are covered.
The deductible is usually around 1000 euros, which means that all damage that’s up to 1000 euros is not covered by this insurance and you pay for it yourself, and if the damage is more than 1000 euros, then you pay 1000 euros and the rest is paid by the insurance company.
Usually the cost of insurance depends on the length of the boat.

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  1. Course content ("A Small Sailboat Captain")
  2. Yacht insurance
  3. English
Yacht insurance In many countries, third party liability insurance is mandatory, especially in Europe, Turkey, Tunisia.
3 years ago
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00:00:00,800-->00:00:09,941
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3 years ago
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