St Thomas Marine Insurance - Boat & Yacht Insurance St Thomas

Insure your boat & yacht for minimum 40% less then you are paying now!

We offer boat insurances in St Thomas for all types of boats including; motor yachts, sailing yachts, semi-rigid boats, dinghies, sailing yachts, catamarans, barges, house boats and jet ski’s. Our partnership with several boat insurance companies allows us to compare their rates, coverage and cruising area in order to offer you the most suitable cover based on your needs. Our rates are usually at least 40% lower than your current insurance so request a no obligation quote and compare it to your current insurance.

Boat insurance is compulsory in most ports and marinas in St Thomas and around the world because of legal liability (bodily injury and material damage that you could make to third parties). Therefore, it is important to subscribe at least to the minimum cover called “civil liability” or “basic insurance cover”.

We offer 2 types of insurances for St Thomas; BASIC INSURANCE & TOP INSURANCE. It is very important to understand that the BASIC insurance we offer is similar to the “all-risk” insurance that is offered by many other insurance providers’ but at a price that is comparable to what most insurance provider’s offer liability insurance. Our BASIC insurance is actually; third-party liability insurance + fully comprehensive insurance at the price of a partially comprehensive insurance!

The TOP insurance is all-risk cover at top conditions such as payment for consequential damage, guaranteed fixed tax, no deductions “new for old” and many more.
Our TOP cover is the all-round carefree package for demanding clients. The third-party liability insurance includes a broad cover also for the use of foreign yachts. With its proper all-risks cover the fully comprehensive insurance offers a really wide-ranging product at a guaranteed fixed tax.

We offer marine insurance in St Thomas for all type of vessels

Comparison between the two types of boat insurance in St Thomas we offer

BOAT LIABILITY

Top	Basic
High coverage sums of up to EUR 10,000,000 for property damage and personal injury and EUR 200,000 each for rental and property damage	Cover sums up to EUR 2,000,000 for property damage and personal injury and EUR 25,000 for financial loss
Premium-free inclusion of tenders with a drive power of up to 60 hp	Premium-free inclusion of tenders with a drive power of up to 5 hp
Coverage also in the event of damage caused by the co-insured persons to each other	✖
Premium-free co-insurance of extended skipper's liability for rented or chartered yachts	✖

Boat full comprehensive insurance

Top	Basic
Genuine all-risk coverage	Specified risk coverage
Sum insured as "fixed rate" for the entire insurance period	Insurance compensates damage at current value
Compensation for partial damage "New for Old"	✖
Salvage and wreck removal costs in addition to the sum insured up to EUR 2,000,000	Salvage and wreck removal costs in addition to the sum insured up to the amount of the sum insured
Co-insurance of unnamed personal effects up to 2 % of the sum insured	Co-insurance of unnamed personal effects up to 1 % of the sum insured
Coverage for consequential damage, e.g., sinking, or damage caused by rust, frost, wear and tear or oxidation.	✖
No deductible in the event of burglary, damage caused by lightning or transport, collision, and fire damage for which third parties are solely responsible.	No deductible in the event of theft of the insured boat and the engine if the engine is equipped with a transponder system
No deductible for inspection costs after a grounding	✖
Organisation and cost coverage for a replacement skipper in the event of illness abroad	✖
Accommodating no-claims discount (NCD) with an advance discount of 40 % NCD and a 50 % reduction of the deductible in the event of a claim after 5 claim-free years	Accommodating no-claims discount (NCD) with an advance discount of 40 % NCD

Passenger accident insurance

Top	Basic
Worldwide scope of application for the insured boat and its tenders as well as chartered yachts	Worldwide scope of application for the insured boat and its tender
Insured persons: policyholder (owner), skipper, crew members, visitors, and guests	Insured persons: policyholder (owner), skipper, crew members, visitors, and guests
Double disability benefit as of 90 % disability	Double disability benefit up to EUR 200,000/person from 90 % disability onwards
Compensation of up to EUR 3,000 for sea salvage, search and rescue costs	✖
Reimburse medical fees, other operation costs, hospitalization, and denture costs for cosmetic operations up to EUR 3,000.	✖

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Basic Insurance Cover

Third-party liability insurance + fully comprehensive insurance at the price of a partially comprehensive insurance

Our BASIC cover offers you a fully adequate third-party liability and fully comprehensive insurance. The fully comprehensive insurance is based on a listed risk cover means that all covered risks such as e.g. collision, sinking, burglary etc. are listed. With this BASIC cover, you will get a regulation according to the current value of the yacht or the respective building part. This kind of cover is especially suited for older yachts for which our TOP cover is not profitable.

Basic Coverage Breakdown

Co-insured in the liability insurance is as follows:

The personal legal liability of the skipper and other people authorized to operate the vehicle;
Possession and use of dinghies with up to 5 PS;
The legal liability for the pulling of water skiers and kite surfers;
The personal legal liability of the water skier, if and as long as he/she is in the towing of the vehicle (subsidiary);
The legal liability for damage occurring during participation in sailing regattas or during the transfer trips related;
The legal liability of the persons insured, provided that they are asked to provide assistance for a boat in distress, and a damage at the wracked boat is caused by this aid measure e.g. a rope connection;
The legal liability for pecuniary damage from claims which occurred during the effective insurance period;
The legal liability of the person insured for direct or indirect consequences of changes of the physical, chemical or biological nature of a stretch of water including groundwater (water pollution).

Facts of the fully comprehensive insurance

Worldwide coverage possible;
Insurance cover extends yacht / boat including machinery, equipment, inventory, dinghies, attachments and personal effects;
Insurance cover is valid on water and on land, including the landing and launching;
Insurance coverage for transports by road and for the boat trailered by ferry;
Risks insured: collision, grounding, stranding, sinking, fire, explosion, theft, vandalism, acts of God, lightning strike, mast breakage;
Including insurance cover for trailers in the case of fire, explosion, theft as well as total loss due to an accident of force majeure;
Expenses for salvaging, salvage attempts and, if so, waste disposal up to the amount of the sum insured (in addition to the sum insured);
Expenses of the policyholder for the prevention and reduction of a damage up to a limit of 20% of the sum insured;
Including regatta risk / race risk for sailing yachts during club regattas;
In the case of a total damage: replacement of the time value (time value insurance);
In the case of a partial damage: acquisition of 100 % of the repair costs, acquisition of transport cost to the shipyard and the way back;
Not designated personal effects, equipment and attachments up to a value of 1% of the sum insured automatically co-insured;
Elimination of the deductible in case of theft if the boat or outboard motor are equipped with a GPS / GSM transponder.

Passenger Accident Insurance

Worldwide cover for the yacht insured and its dinghies;
Persons insured are the policyholder (owner), the skipper, crew members, visitors and guests.
Double disability benefits up to 200,000 € / person from 90% disability.

Top Insurance Cover

Proper all-risk cover at top conditions such as payment for consequential damage, guaranteed fixed tax, no deductions “new for old” and many more.

Our TOP cover is the all-round carefree package for demanding clients. The third-party liability insurance includes a broad cover also for the use of foreign yachts. With its proper all-risks cover the fully comprehensive insurance offers a really wide-ranging product at a guaranteed fixed tax. Be well advised by our water-craft experts about the many advantages of the TOP cover or inform yourself online on our homepage.

Top Coverage Breakdown

Co-insured in the liability insurance is as follows:

The personal legal liability of the skipper and other people authorized to operate the vehicle
Possession and use of dinghies with up to 60 hp
The legal liability from the pulling of water skiers and kite surfers
The personal legal liability of water skiers, if and as long as he/she is in the towing of the vehicle (subsidiary)
The legal liability from damage occurring during participation in sailing regattas or during transfers related
The legal liability of the persons insured from a damage at a wracked boat which occurred during an aid measure e. g. a rope connection, provided that they are asked to render assistance to a boat in distress
The personal legal liability of the policyholder and the persons co-insured from the skippering or operation of foreign watercrafts and / or its facilities, equipment, and attachments (subsidiary)
Liability claims among the persons co-insured for property damage and personal damage, which are not caused by industrial accidents in the company of the policy holder
The legal liability from damage of rented storerooms and piers (up to € 200,000), which were rented for personal purposes to place or store the boat / yacht
The legal liability from pecuniary damage from claims which occurred during the effective insurance period
The legal liability of the policy holder from direct or indirect consequences of changes of the physical, chemical or biological nature of a stretch of water including groundwater (water pollution).

Facts of the fully comprehensive insurance

True all-risk coverage
In the case of partial damage, "new for old" (without deductions)
Not designated personal effects and not permanently installed equipment and attachments up to 2% of the fixed tax per event
Expenses for salvaging, salvage attempts and, if so, waste disposal up to a sum of 2.000.000 € (in addition to the sum insured)
Expenses of the policyholder for the prevention and reduction of damage up to a maximum of 50% of the sum insured
Inspection costs after the grounding of the yacht, without deductible
In a foreign country, the organization and payment of a replacement skipper due to an unexpected illness of the skipper (up to 1,100 €), for the transfer to the shipping port or destination
In the case of a total loss: agreed insurance sum minus residual value
Consequential damage of the yacht and boat caused by rain, snow, heat, oxidation, rodents, deterioration, construction, production or material defects, ...

Passenger Accident Insurance

Worldwide coverage for the yacht insured and their dinghies and for yachts chartered by the policyholder
Persons insured are the policyholder (owner), skipper, crew members, visitors and guests, ...
Double disability benefit from 90% disability
Replacement of up to € 3,000 for rescue operations and salvaging
Replacement of medical fees, other surgery costs, hospital stays as well as dental cost for cosmetic surgeries up to a limit of 3,000 €

Frequently asked questions (FAQ) about Marine Insurance

Does it matter under which flag my boat is registered?

Does it matter where I will use my boat?

Which other types of insurance do you offer in St Thomas?

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