Marmaris Yacht Insurance and Its Features

Marmaris is one of Turkey’s favorite tourist destinations, where yacht owners and yacht charter companies offer a unique experience at sea. Owning a yacht or using yacht charter services is an important matter when it comes to yacht insurance. Here are some things you need to know about yacht insurance and its features in Marmaris:

Is Yacht Insurance Mandatory?

In Turkey, getting yacht insurance is not mandatory outside of marinas. However, it is important to get yacht insurance to protect your yacht and be prepared for potential risks. Yacht insurance provides protection against theft, damages, fire, accidents, and other risks your yacht may face.

How Does Private Yacht Insurance Work?

Insurance policies for private yachts are generally determined based on the value of the yacht, its intended use, technical specifications, and navigation area. The policy typically covers risks such as accidents, fires, theft, injury/death, etc. However, private yacht insurance is usually not provided with a standard policy; it is customized based on the yacht’s specific features.

How Are Insurance Policies for Yacht Charter Companies’ Boats?

Yacht charter companies typically arrange insurance for the boats they rent out. These insurance policies generally provide comprehensive coverage and include risks such as accidents, damages, theft, fire, etc. However, the details and scope of the policy can vary among companies.

Policy Coverage and Details

Yacht insurance policies generally provide comprehensive coverage. However, the details of each policy may vary. For example, some policies may not cover damages that occur outside of the sea. Additionally, certain policies may have additional conditions regarding usage in high-risk areas. It is important to carefully review the details of the policy and have a clear conversation with the insurance company.


As a result

Correct information and the right policy selection regarding yacht insurance are important for yacht owners and charter companies in Marmaris. Since each yacht has different features and usage, it is important to work with an expert insurance consultant to select an appropriate insurance policy. Choosing the right insurance policy is crucial to protect your yacht and travel safely at sea.

Boat (Yacht) Insurance Details

Why Should I Get Boat (Yacht) Insurance?

With Boat Insurance, you can protect your boat along with its machinery, boat’s dinghies, equipment, and accessories. In addition to marine risks, your policy can also cover fire, piracy, theft, natural disasters, liability to third parties, personal belongings, environmental pollution, and many other additional risks.

Moreover, your insurance coverage continues not only at sea but also on land at the shipyard during maintenance and in the dry dock.

What Does This Insurance Cover?

Coverages
Limited Coverage
Genuine and legal full damage coverage is provided. Partial theft, partial fire, and rescue assistance and litigation expenses can be added to the policy with an additional premium.
Comprehensive Coverage
Hazards of navigable waters such as seas, rivers, lakes, or other navigable waters.
Fire
Piracy
Contact with or items falling from docks, port equipment and machinery, land vehicles, aircraft, or similar items.
Earthquake, volcanic eruption, or lightning.
Explosion, burst.
Malicious acts
The complete theft of ships or boats (Theft of outboard motors, provided that ships or boats are locked with an anti-theft device)
The explosion of boilers, breakage of shafts, or any hidden defects in the engine or vessel (excluding the costs and expenses of repairing or replacing defective parts, shafts, or boilers).
The expenses of seeing the keel after grounding, provided that they are reasonable.
Liability Against Third Parties

Customized Services

Yacht Assistance Service

You can benefit from many privileges such as providing replacement engine/boat in case of damage covered by the policy, spare parts delivery, captain provision, legal expenses and advances for emergency needs, overnight accommodation in a hotel, online translator service, health consultancy, marina guide, etc. by adding Yacht Assistance Service to your policy at an appropriate premium.