hull and machinery insurance

Pantaenius Hull Insurance provides coverage in the case of actual total loss, constructive total loss and partial loss of the yacht. The conditions for a constructive total loss are given when the costs of repair exceed the agreed fixed value. The agreed fixed value – a value which is agreed upon between the owner and the insurer – is stipulated as a valuation (fixed valuation). The insurance protection covers the costs of salvage, wreck removal and disposal.

The individual components of the policy may include, for instance, coverage for extended machinery damage, personal effects, works of art and antiques as well as tenders/dinghies and “watersport toys”. It is also possible to insure risks for sea transport of the yacht on board a freight ship, the charter, the increased value clause as well as cover in the event of seizure, strike and war. We offer a special charter default insurance for charter yachts.

If you have any questions or wishes concerning insurance for your large yacht, contact our service team. We would be pleased to provide you with a personal consultation.