Boat Insurance & Partners

Boat Insurance

It is a requirement of our marine mortgages that you insure the boat comprehensively and notify your insurers of our interest. We may request a copy of your policy.

Our Partners

Benefits of choosing a boat insurance specialist

There are plenty of standard insurance companies that will offer basic insurance policies that will cover a boat and its contents, but not all of these general insurance companies will have the in-depth knowledge to fine-tune a policy according to the many variations in boats and boating equipment.

A boat insurance specialist will have specialist knowledge in the field of marine insurance enabling them to offer policies that are more beneficial to the boat owners and their individual circumstances.

Insurance premiums will depend on vessel type, make, size, year of manufacture, type of mooring, and usage and can all have an effect on the type of cover that is available.

The importance of boat insurance

Having boat insurance is a requirement for many marinas and public waterways and if you are going to invest significant funds into a boat then it is always wise to protect that investment. Additionally, obtaining an inland waterways licence may be difficult without providing evidence of third-party cover, while this is also true for many of the UK’s reservoirs and lakes.

So not only does specialist boat insurance provide peace of mind, but it can also open up many new options with regards to where you can sail your boat around the country’s waterways.

Promarine’s Insurance Partners

Why Marine Insurance?

Navigating the vast oceans and waterways involves inherent risks, ranging from accidents and natural disasters to piracy and theft. Marine Insurance provides a safety net, offering financial protection for your vessels, and related assets. It ensures that you can sail with confidence, knowing that your investments are secure, and potential losses are mitigated.

Marine Insurance Coverage

  1. Hull Insurance: Protect your vessels against physical damage, whether it’s a small inland boat or a large ocean-going vessel.
  2. Accessories Insurance: Safeguard your goods during transit ensuring compensation for losses due to damage or theft.
  3. Liability Insurance: Covering legal liabilities arising from maritime activities, including damage to third-party property and bodily injuries.
  4. Protection and Indemnity (P&I) Insurance: Providing comprehensive coverage for owners, including third-party liabilities not covered by standard insurance.

Our Partners Benefits

  1. Specialised Expertise: Our partners consist of marine insurance experts with a deep understanding of the maritime industry, ensuring tailored solutions to meet your unique needs.
  2. Comprehensive Coverage: Our partners offer a range of insurance products to cover various aspects of marine operations, providing holistic protection.
  3. Global Reach: With a global network, they can support your maritime ventures wherever they take you, ensuring you are covered no matter the waters you navigate.
  4. Claims Assistance: In the unfortunate event of a claim, claim teams are ready to provide prompt and efficient assistance, minimizing disruptions to your operations.
  5. Customised Solutions: Our partners work closely with our clients to understand their specific risks and design customised insurance solutions that address their unique challenges.

This page is owned and operated by Promarine Finance 4 Ltd which is an Introducer to the insurers above. Promarine Finance 4 Ltd is not authorised to advise, sell or assist with marine insurance. Our partners are listed to provide direct help to you.