Below, we give some recommendations for you when contracting the insurance for your vessel.

Pay attention to the navigation area

The cover and limitations of a policy vary depending on the navigation area where the vessel is going to be used. Therefore, it is important to tell us your navigation area in order to be able to advise you as to the most suitable policy for your requirements.

Use of the vessel

If the vessel is going to be used for leisure activities and also for participating in regattas or fishing competitions, a special insurance policy must be taken out in order to be able to take part in them.

Recommended guarantees to be contracted in the vessel insurance

• Criminal defence: the defence and representation of the policy holder is guaranteed in criminal proceedings, as well as the payment of the expenses incurred due to the policy holder’s intervention in the aforementioned proceedings and from which the civil liability covered by the policy can be derived or may be derived in the future.
• Claim for damages: the company is obliged to claim damages from the third party responsible, or from their insurance company, either amicably or judicially, on behalf of the injured party.
• Maritime assistance: In the case of the breakdown of the insured vessel, the towing expenses to the nearest port or marina are covered.

There is no obligation to be qualified to contract vessel insurance

The Skipper is the only person obliged to have the qualification required by the legislation in force. The Policy Holder and the Insured Party do not have this obligation.

Auxiliary vessels

Any auxiliary vessel that is less than 4 metres in length and the power of its engine does not exceed 10 hp can be included on the main vessel’s policy.

Essential cover to cover own damage

In order to have the own damage covered, the following cover must be contracted:

• Total loss
• Specific breakdowns
• Theft

Cover for removal of wrecks when contracting vessel insurance

The competent Maritime Authority may demand the removal of wrecks when the remains of the vessel form an obstacle to navigation or could cause environmental, aesthetic damage, etc.

The insurance company will be responsible for the cost of the removal of the vessel up to the agreed upon limit.