Yacht insurance
Insurance is not merely a formality but a key element of security and confidence for every yacht owner. It ensures that even in unexpected situations the yacht and her owner remain properly protected.
The Interlegal team provides legal support in arranging yacht insurance, helping clients avoid common mistakes, understand policy terms and protect their interests. We act as the client’s legal advisor and representative throughout the insurance process.
Types of insurance we assist with:
- Hull & Machinery (H&M)– insurance covering the yacht’s hull, machinery and equipment, including engine and tenders. This type of insurance generally does not cover cash, jewelry or works of art.
- Third Party Liability (TPL)– insurancecovering civil liability to third parties,including damage to other vessels, marinas, berths and other property.
- Protection and Indemnity (P&I)– extended liabilities insurance covering legal liabilities to third parties and crew members.
Where necessary, we also advise on medical insurance for crew and passengers, as well as coveragefor special risks.
Legal support when arranging insurance
Maritime insurance policies are often governed by the laws of jurisdictions that differ significantly in their approaches, including, English, American or Norwegian law.
Our lawyers assist by:
- analysing policy terms before signing,
- reviewing exclusions, deductibles and limitations of liability,
- clarifying the insured`s obligations and claimnotification procedures.
Support in case of insured events
If an insured event occurs –such as damage, an accident or a natural disaster –our team provides legal assistance by:
- analysing the scope of coverage under the policy,
- coordinating the client’s actions with the surveyor and insurer,
- representing the client in correspondence and negotiations with the insurer,
- assisting with claims and insurance payments, resolving disputes if necessary.
Where required, we involve our partners in local jurisdictions (such as Greece, Italy, France, Croatia, Turkey and others) to ensure a prompt response.
Why Interlegal?
With extensive experience in shipping and yacht insurance matters, Interlegal provides reliable legal support in dealings with insurers.
Our goal is to ensure that yacht owners feel confident that their vessels are properly protected and that any insurance matters are handled efficiently and professionally.