Are you ready to experience the joys of sailing without any worry?
Now, you can relish every moment on your yacht, motorboat, catamaran or any other watercraft with the help of Outrisk Insurance – the top yacht insurance brokers in Cyprus.
What is Yacht Insurance?
What is Yacht Insurance?
Luxury items like yachts and boats are valuable in monetary terms and because of the happiness they offer to owners while traveling over the sea and exploring new coasts. No wonder, then, why yachts require special protection.
Yacht or Boat Insurance aims to protect private pleasure watercraft under 197 feet long and their passengers. By insuring your vessel, the amount of money you would have to pay out of your pocket in case of damage or loss is only a percentage of the insured value. For example, if you have insured your boat for €50,000 with a deductible of 1%, you would have to pay just €500 to cover the damage or loss costs.
Read moreLuxury items like yachts and boats are valuable in monetary terms and because of the happiness they offer to owners while traveling over the sea and exploring new coasts. No wonder, then, why yachts require special protection.
Yacht or Boat Insurance aims to protect private pleasure watercraft under 197 feet long and their passengers. By insuring your vessel, the amount of money you would have to pay out of your pocket in case of damage or loss is only a percentage of the insured value. For example, if you have insured your boat for €50,000 with a deductible of 1%, you would have to pay just €500 to cover the damage or loss costs.
Yacht insurance plans protect the boat and crew from any mishap, accident, damage, third party claims against you, loss or bodily injury to the boat’s owner or one of the passengers.
In addition, many marinas ask for a minimum third party cover for using their facilities.
The types of vessels protected by Yacht Insurance include – but are not limited to:
Read more
Why insure your private recreational boat with Outrisk Insurance?
Why insure your private
recreational boat with Outrisk Insurance?
Outrisk Insurance provides watercraft owners with comprehensive and bespoke all-risk insurance. We cover everything from malicious hull and machinery damage to marina hazards and third-party liability.
We collaborate with the world’s leading insurers to offer our clients first-class and flexible insurance packages at competitive rates.
Whether you sail in Cyprus, Europe or elsewhere in the world, our yacht insurance specialists have got you covered.
Our expert team is your guarantee for a fast, efficient and hassle-free claim process.
Insure your luxury boat or yacht with Outrisk Insurance today and get ready for new adventures in the sea!
Outrisk Insurance provides watercraft owners with comprehensive and bespoke all-risk insurance. We cover everything from malicious hull and machinery damage to marina hazards and third-party liability.
We collaborate with the world’s leading insurers to offer our clients first-class and flexible insurance packages at competitive rates.
Whether you sail in Cyprus, Europe or elsewhere in the world, our yacht insurance specialists have got you covered.
Our expert team is your guarantee for a fast, efficient and hassle-free claim process.
Insure your luxury boat or yacht with Outrisk Insurance today and get ready for new adventures in the sea!
All Risk Protection
You get comprehensive vessel insurance covering the boat and passengers against damages and injuries.
Reliable Insurance Provider
Serving Cyprus since 1989, we have an undeniable track record with successful marine insurance deals and 100% satisfied customers.
Always By Your Side
Our team is readily available 24 hours, 7 days per week to help with unexpected events, accidents, and boat emergency repairs
Tailor-made Packages
We offer bespoke yacht and boat insurance packages to fit your budget, needs and lifestyle.
Competitive Premiums
You receive extensive coverage with various benefits at the most competitive prices in Cyprus’ insurance market.
Expert Assistance
The top priority of our reliable and expert insurance agents is to help you choose the best insurance policies to protect your boat and allow you to cross the oceans with total peace of mind.
Who is this for?
Aimed at private owners of pleasure watercraft, small to mid-sized vessels, and mega yachts – no more than 197 feet long.
Call Us +357 97770067
Email us info@outrisk.com
Why do I need Boat Insurance?
Why do I need Boat Insurance?
Did you know that 57% of boating accidents happen on calm days with less than 6-inch waves?
Even if your country does not require a boat or yacht insurance, it is important to feel comfortable every time you take to the water. Boat insurance offers you financial security if a covered accident happens.
Covering the cost of repairs for your watercraft or someone else’s boat and any legal expenses on top of that out of your pocket can drain your savings. Fortunately, boat insurance covers all those costs, plus it protects your watercraft from theft, fire, vandalism and bodily injuries caused to you and the crew.
Buying a yacht is a pricey investment, so you need to make sure it will be protected efficiently at all times.
Did you know that 57% of boating accidents happen on calm days with less than 6-inch waves?
Even if your country does not require a boat or yacht insurance, it is important to feel comfortable every time you take to the water. Boat insurance offers you financial security if a covered accident happens.
Covering the cost of repairs for your watercraft or someone else’s boat and any legal expenses on top of that out of your pocket can drain your savings. Fortunately, boat insurance covers all those costs, plus it protects your watercraft from theft, fire, vandalism and bodily injuries caused to you and the crew.
Buying a yacht is a pricey investment, so you need to make sure it will be protected efficiently at all times.
What does the Yacht
Insurance cover?
What does the Yacht
Insurance cover?
- Malicious damage
- Third-party liability
- Legal expenses cover
- 24-hour legal and claims advice line
- Travel concierge service
- Marine hazards
- Fire
- Piracy
- Dock collision
- Explosion
- Theft
- Rescue fees
- Lighting strike
- Aircraft crash
- Earthquake or volcanic eruption
- Machinery damage
- Personal accident cover
- Liability insurance for the vessel’s use and the owner
- Coverage for damage occurred during transportation
- Personal items
- Outboard engine fall
- Trailer cover
- Harassment, war, strike, etc.
- Malicious damage
- Third-party liability
- Legal expenses cover
- 24-hour legal and claims advice line
- Travel concierge service
- Marine hazards
- Fire
- Piracy
- Dock collision
- Explosion
- Theft
- Rescue fees
- Lighting strike
- Aircraft crash
- Earthquake or volcanic eruption
- Machinery damage
- Personal accident cover
- Liability insurance for the vessel’s use and the owner
- Coverage for damage occurred during transportation
- Personal items
- Outboard engine fall
- Trailer cover
- Harassment, war, strike, etc.
Get an insurance quote
Get an
insurance quote
We have the experience and the competitive prices.
Have a look at what we have to offer.
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Satisfied
Clients
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Frequently asked questions
We typically insure yachts within the territorial waters controlled by the Republic of Cyprus. However, we might include extra coverage protecting your boat while in other countries. For further information, please contact our team at +357 97770067.
Yacht insurance does not cover wear and tear that naturally occurs in yachts with time. Insurance might also exclude replacements beyond the sums insured on your policy. For this reason, it is essential to know your boat’s actual replacement value. If not, a marine surveyor can make an assessment and let you know your boat’s value.
If an accident occurs, take all necessary steps to protect your boat from further damage.
Then, report the accident to Outrisk Insurance as soon as possible. Get contact information of anyone involved in the incident and take pictures of the boat. Avoid discussing responsibility for the accident.
In case of theft, vandalism or other crimes, report a claim to the local police.
