Boat insurance is essential for all owners of watercraft, whether they are private pleasure boats or professional ones. The sea, although it offers freedom and unique experiences, also hides dangers, which is why proper insurance coverage is a necessary condition for the protection of the boat, the captain, the passengers and third parties.
We cooperate with the most reliable insurance companies in the Greek and international market. We examine the needs of each boat owner individually and propose programs that ensure comprehensive coverage at an attractive cost, so that you can enjoy your sea excursions without worries.
What does boat insurance cover?
Basic coverages (mandatory):
- Third-party liability for bodily injury.
- Third-party liability for material damage to third parties.
- Third-party liability for causing marine pollution.
Optional coverages:
- Theft of boat or equipment.
- Damage from fire, explosion or natural phenomena.
- Damage from impact, collision or sinking.
- Road/marine assistance and towing.
- Coverage of personal belongings of passengers.
- Legal protection.
Specialized coverages for boats:
- Mechanical engine or equipment damage.
- Tender coverage.
- Navigation equipment insurance (GPS, wireless).
- Coverage for accidents of passengers on board.
- Loss of income on commercial boats (e.g. rental).
Factors affecting the cost
The premium for boat insurance depends on:
- The type and size of the boat (inflatable, sailing, motorized, professional).
- The value of the vessel and equipment.
- Its use (private or professional).
- The sailing area (inland waters, coastal shipping, international waters).
- The owner's damage history.
- The optional and specialized coverages to be selected.
What is needed for insurance
To insure a vessel, the following are usually required:
- Vessel registration/license.
- Seaworthiness certificates (if required, especially for professional/larger vessels)
- Owner details (Tax number, identity card, address).
- Vessel details (type, brand, length, horsepower, value, year of construction, vessel/registration number).
- In some cases, photos of the vessel and equipment.
- Speedboat operator's license (if the vessel is a speedboat and required)
Useful notes
- Boat insurance is mandatory by law for all motorized pleasure and commercial vessels.
- Fire and natural disaster coverage are particularly important for vessels that remain permanently in a port or marina.
- In the case of trips outside Greece, coverage for international waters is required.
- The right combination of coverage protects not only the investment the owner but also the safety of the passengers.
