YACHT INSURANCE
Yachts are often referred to as “pleasure crafts” that’s why smart sailors “ask Alfred” as here at InsuranceMarket.ae we make everything “plain sailing” when it comes to finding the right cover at the right price!
We’ll email a comparison table, help you choose and email your policy!
WHY CHOOSE YACHT INSURANCE WITH INSURANCEMARKET.AE
At InsuranceMarket.ae we provide an unmatched customer experience. Here are just 5 reasons why:
15,000 Google reviews and 4.9 rating: customer satisfaction is our number one priority and we’ve got the feedback to prove we deliver!
Dedicated personal shopper to help answer your questions and help you with your purchase.
Responsive, reliable and dedicated claims manager to offer advice, reassurance and assistance when you need it most.
Competitive prices and comprehensive products providing the cover you need at a price you can afford from the insurers you can trust.
Great value-added services such as discount vouchers that are sent with your policy: you just keep on saving with Alfred!
25 Years of UAE insurance experience
Dedicated personal shopper to answer all your questions
Simple and fast claims process
Highest rated insurance provider in the UAE
Insure Now Pay Later
WE WORK WITH THE LEADING YACHT INSURERS IN THE UAE
At InsuranceMarket.ae we’re proud to have enjoyed over 25 years’ experience of helping customers with their insurance needs and over these years have built great partnerships with the leading and most respected Yacht Insurers in the Dubai/UAE market: big names such as AXA, Oman, Orient, Al Sagr and many more. Our relationships and reputation mean we can secure great deals, discounts and covers that are the best in the market and pass all these benefits on to you!
WHAT DOES YACHT INSURANCE COVER?
Of course, coverage will vary from one policy to another, but a typical yacht insurance policy will cover the following:
Loss or damage to your boat:
This includes any damage to the hull or machinery of your boat.
Third Party Liability
Covers your legal liability in respect of any damage or injury you may cause to third parties and/or their property.
Search and Rescue:
In case things took a turn for the worse, the expenses of a “Search and Rescue” service will be covered.
Uninsured Boater:
Provides coverage to your boat guests against bodily injury.
WHAT TYPE OF YACHT INSURANCE DO I NEED?
Since risk and protection against it is such a personal choice, there’s no straight answer here. The good news is that there are two levels of cover to choose from so you’ll be sure to find a policy to suit you and your budget. With yacht insurance, the two options are:
Comprehensive Cover
Covering your boat from loss or damage resulting from one of the insured perils and includes its hull, machinery, equipment, and trailer. Comprehensive cover is the preferred option for most owners given the value of the vessel and usual high costs to repair or replace.
Third Party Only
The more basic cover available, a TPL policy protects your legal liability towards others for any property damage or injury caused to them. Note that, unlike Comprehensive cover, no own damage or loss is covered.
Both are widely available in the UAE and all leading insurers have reputable, reliable products. At InsuranceMarket.ae we have access to a wide range of policies and can therefore help you make the decision that is right for you.
WHAT IS NOT COVERED UNDER YOUR YACHT INSURANCE?
Whilst yacht insurance is designed to protect you from typical risks you might be exposed to, there are some cases in which your Yacht Insurance company would reject paying your claim. Typical scenarios include:
Illegal Activities:
Using the yacht for any illegal purposes or causing damage to your boat and/or that owned by a third party while committing an illegal activity, will undoubtedly lead the insurance company to turn down your claim.
Racing:
unless you extend your policy to include a racing cover, any damage caused by racing activities will not be covered.
WHAT ADDITIONAL COVER OPTIONS AND UPGRADES ARE AVAILABLE?
A typical Comprehensive yacht insurance would cover you against a number of relevant risks but seeing that we don’t always have the same needs when it comes to insurance, insurers offer additional benefits that you can choose from. These include covers such as:
Personal Accident:
With this cover, you and your family members will be covered in case of any accident on board leading to serious physical injury or loss of life.
Water Skiers’ Liability:
if you’re a Motorboat owner and enjoy waterskiing, this could be an invaluable extension to your policy.
Personal Effects:
Covers your personal belongings on the boat against loss or damage: including any cash.
HOW TO COMPARE YACHT INSURANCE QUOTES?
Let Alfred help you compare yacht insurance with lightning fast service
Yacht insurance doesn’t need to be complicated but sticking to one option just isn’t enough, and whilst two can be twice as nice, we believe in the power of three: that’s why we send you at least that many quotes to compare. Once you’ve got your selection, here are our top 3 tips for what to do next.
Check the cover provided under each quote and compare against each other. You can’t judge a square versus a circle so make sure your assessment is a fair one.
If you have purchased yacht insurance before, check the cover provided against your previous policy. Are you getting like-for-like, less or more? Also consider the “added value” items like optional extras, additional services as standard, discount vouchers etc.
Check the price last so you can see the benefits of the cover rather than being influenced by the premium first. You can then assess the value for money. And don’t forget those “extras” too: you may or may not be able to put a price on them, but they do count!
WHAT DO I NEED TO GET A YACHT INSURANCE QUOTE?
Getting a quote with us is a smooth and simple process. Just provide us with some essential contact details (name, phone number, and email), a few pieces of information on the vessel and let us find the right Yacht Insurance policy for you. Typical details required include:
Boat Information:
name, make, hull material, length and the value you wish to insure the vessel for.
Engine details:
make, year, horsepower, serial number and whether it’s an inboard or an outboard motor
Years of experience
with this type of vessel, how long you have had this one, and what its main use would be.
GET YOUR YACHT INSURANCE FROM INSURANCEMARKET.AE IN 3 EASY STEPS
Complete The Form
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We Email You The Best Deals
We Email Your Yacht Insurance Documents
HOW CAN I GET CHEAPER YACHT INSURANCE?
There’s no magic formula for getting cheap yacht insurance but there are some steps you can follow and things you can do to get the best deal for your dirhams! We asked Alfred and here’s what he suggests:
Never buy insurance at the last minute. Give yourself plenty of time to consider the cover you need against what’s available in the market. If time is running out then the budget can too if you blow it by taking the first deal that’s on offer……even worse, you might just end up paying a lot more money for a whole lot less cover!
Don’t be tempted to “go through it alone” in your search for the best policy at the best price. Let the experts help! At InsuranceMarket.ae our personal shoppers are just waiting to do the hard work for you. It’s a simple but winning formula. No extra cost + no waste of your time = no brainer!
Don’t get too hung up on price alone. Being mindful of money is no bad thing but being bound by a budget can prove “false economy” if you don’t have the correct cover and lose out when it comes to a claim. At InsuranceMarket.ae we search the market and provide you with a minimum of 3 quotes to compare: working with you to find the best cover for your budget.
FIND THE BEST DEALS ON YOUR YACHT INSURANCE WITH ALFRED
Finding the right yacht insurance policy for you at the right price has never been easier. This is made possible through our friendly, knowledgeable team of advisors who act as personal shoppers: taking you through the covers available and explaining the cost involved, so you can select a policy that both gives you peace of mind and suits your circumstances.
The moment you begin your journey with us you’ll start reaping the benefits. At InsuranceMarket.ae, we have great relationships with all the leading Yacht Insurance companies in the UAE and our reputation and experience mean we get great products at great prices. Not only that, our partnerships with a range of fantastic local businesses mean that when you buy your policy with Alfred, you’ll get great money-saving discount vouchers sent to you too. From auto accessories to accident repairs, car valeting to personal grooming and auto-tuning to vocal tuning with music lessons and much more. You’ll enjoy benefits that can’t be bettered!
HERE'S WHAT OUR CUSTOMERS ARE SAYING
Rhuddhesh Kirtikar
My regular go to guys for all travel insurance related services. Initially Sean and then Evan. They are extremely helpful, quick and efficient. Keep up the good work.
Delna Prakashan
This is perhaps my 4th year working with Insurance market. They are extremely prompt in their response and very efficient to guide you with insurance plans. I certainly appreciate the auto-reminders they have in place which makes it easy for a client to keep track of their renewals. Will certainly recommend anyone to purchase their insurance via Insurance Market as you can be guaranteed of the best prices in the market.
Dilu Pillai
This is my second time I have associated with AFIA for insurance. As usual they did an amazing job in getting me the perfect insurance coverage the market has to offer. Prompt service that focuses on customer satisfaction. Highly recommended. Cheers! Keep up the good work team.
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