Yachts & Pleasure Crafts 



Argus offers comprehensive insurance (including third party) against a variety of threats to your boat.

 

Yacht & Pleasure Craft Insurance: What Does It Cover?

 

Third-Party Liability

Argus offers Individual Boat Liability insurance, which includes coverage of compensatory damages for loss of life, personal injury, removal/destruction of vessel and associated legal costs.



Theft

A range of coverages are available to offer financial protection against boat theft or theft of outboard motor(s), gear or equipment.



Hull

Provides indemnity from liability on an all-risk or named-peril basis. Certain navigational limits may apply.




Additional Protection


Collision

Argus yacht and pleasure craft insurance plans include coverage for collisions with other vessels as well as damage to piers and other structures.

Perils of the Sea

Argus Yacht & Pleasure Craft coverage will help shield boat owners from the financial burdens associated with damage caused by perils of the sea.

Flexible Limits

If your business does not fit within one of our package policies, let us customise a package for you. We can adapt a policy to suit your individual insurance requirements. ​

Material Damage

Our coverages include, but are not limited to, indemnity against perils of navigable waters, fire, jettison or contact with deck/harbour equipment.




Interested in Getting a Quote?   Speak to our experienced representatives.   Request Yacht Quote


Why Choose Argus?

At Argus, we’re proud that all of our underwriting and our claims decisions are made right here in Gibraltar. Contact us and find out why the people of Gibraltar have trusted Argus for speedy, friendly and local insurance coverage for over a decade.


Excellent Customer Service

When you need a quote, immediate cover, or you need to make a claim, we pledge to give you an instant response, locally made.


Comprehensive Coverage

Your peace of mind is our priority – and our wide range of insurance coverage on offer demonstrates this.


The Right Level of Insurance Coverage

Worried about having too much or too little coverage? Our experts will help you decide the level of coverage best for you.


Global Recognition

The exclusive Chartered Insurers status is evidence of our commitment to an overall standard of excellence and professionalism to our customers, partners and employees.

Explore our Marine Insurance Resources

Frequently Asked Questions

Any vessel that is over six metres in length and any vessel, irrespective of size, that is mechanically propelled must have, as a minimum requirement in Gibraltar, cover for third party liability.

Argus are one of a few insurers in Gibraltar who handle all claims locally. Our experienced claims team is supported by a carefully selected, network of surveyors and repairers. Decisions are made swiftly, and locally, and are backed by the Argus Customer Charter. Please feel free to complete a claim form.

If the vessel is over 12 years old, we would require an "out of water" survey with a surveyor of your choice. We would be happy to provide details of qualified surveyors operating locally. Otherwise, no survey is required if the boat is in sound, seaworthy condition.

The standard policy covers third-party liabilities of £250,000 but coverage can be arranged for higher limits where necessary.

It is similar to a motor policy in the sense that it can be arranged to cover damage to your boat, as well as protecting your liabilities to third parties against damage or injury, for which you were responsible. Coverage can be tailored to your individual needs; and we would be pleased to provide further details.

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