Pleasure Craft

Our Pleasure Craft & Yachts policy is annually renewable and covers the insured vessel or craft and associated liabilities. You may need to review and update the cover periodically to ensure it remains adequate. It provides cover while the insured vessel or craft is in commission or while laid up, within the cruising range specified in the policy.

We provide comprehensive all risks cover, and our appetite stretches from small boats to luxury yachts. Our alHigh winds overnight lead to an insured vessel being struck while moored in its home marina by another yacht coming into dock. Damage is sustained to the hull as well as to a neighbouring third-party vessel. The insured contacts our claims team to report the collision. Our claims manager notifies Beazley’s in-house marine surveyor who communicates with the ship owner to ensure the vessel remains secure. The next day our surveyor flies out to assess the loss in person and reports back on the loss to the claims team, which has already been in contact with the owner of the other vessel. In acting swiftly to assess the loss, we have managed costs and assured the client that their claim is being prioritised risks policy is available exclusively through brokers.