You can insure your yacht against total loss as well as partial damage by taking up Pantaenius Yacht Hull Insurance.
Yacht Hull Insurance from Pantaenius covers you for total loss and partial damage to your yacht. As providers for all types of yacht insurance, including hull coverage insurance, we continuously advise and manage your policy at every step of the process, at any time from quote to claim. We are at your side at all times, especially during the claim settlement when our expertise is invaluable. We have a global network of specialists, including insurance surveyors and shipyards, and more than 40 years of experience – especially useful in the case of complicated claims.
Pantaenius Yacht Hull and Machinery Insurance has several important benefits:
Reimbursement without deductions
We will agree a fixed insurance sum with you, which will be reimbursed in the event of total loss without any deduction for actual cash value, so that you are able to afford an equivalent vessel.
No excess for you
No excess will be charged in the event of total loss, burglary, transport damage, fire, lightning strike, damage to personal effects and many other events.
New for Old
If your vessel is damaged and needs new parts for repairs, Pantaenius will cover partial damage without deduction for actual cash value, up to the agreed insurance sum.
It is possible, at any time, to extend your cruising area so that it is tailored to your individual needs. Occasionally leaving the agreed cruising area is automatically included in the insurance.
Salvage? No problem!
Unlimited costs are covered without excess in the event of salvage or wreck removal.
Grounding and Collision
Damages due to grounding or collisions with floating objects are insured, including damage to propellers and rudder.
We consider the abandonment of a vessel due to danger to life and limb to be an insured event if your vessel is still missing after three months.
We can even supply total engine cover!
Inspection costs included
If you have grounded your vessel, the necessary inspection costs are covered without excess, irrespective of whether any damage is established.
Construction and material errors
Consequential damages resulting from construction or material errors as well as wear resulting from normal use are fully covered in the event of a claim. Only the damage to the directly affected part is excluded.
Inventory and equipment
Inventory and equipment attached securely are included in the insurance cover, also when securely stored outside of the yacht and during the winter storage.
Reliable all-round protection
Our yacht hull conditions cover damage to your yacht, as well as equipment and accessories, resulting from, amongst others, theft, fire, acts of God, sinking, inflow of water, grounding, collision or piracy.
We do not have an “unseaworthiness” exclusion. As it cannot be clearly defined legally, this term does not appear in our conditions.
Transport and storage
Land and river transport of your yacht are covered, as are slipway and crane procedures, winter storage and shipyard and repair stays.
Fast breakdown assistance
Costs for assistance in an emergency, e.g. towing to the nearest shipyard or delivery of fuel and replacement parts, are covered up to a total of EUR 5000.
Should you have further questions regarding the Pantaenius Yacht Hull Insurance, please contact our sales team.
Phone: +377 97 98 43 42
Fax: +377 97 98 43 40