COVERAGE

Yacht Insurance Coverage Types

Every type of marine insurance explained for Asian sailing — from basic hull & machinery to specialist charter cover and racing endorsements.

Hull & Machinery Insurance

Comprehensive protection for your vessel's physical structure and equipment

1.0%–2.5% of agreed vessel value per annum, depending on vessel type, age, navigation area, and skipper experience

Protection against claims from other boats, people, and the environment

Often included in comprehensive yacht policies; standalone P&I: USD 300–800/year for USD 500,000 limit

The broadest available protection — covers what standard policies leave out

1.5%–3.0% of vessel value per annum for comprehensive all-risks coverage in Asian waters

Purpose-built insurance for vessels operating commercially in Asian waters

2.0%–4.0% of vessel value per annum for commercial coverage in Asian waters

Protecting the people aboard — professional crew and owners alike

USD 300–800 per crew member per year for accident and medical cover; varies significantly with age and medical evacuation limits

Specialist insurance for competitive sailing in Asian regattas

USD 200–600 per regatta as an endorsement to an existing policy