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Hull Insurance
Pantaenius is one of the UK's leading boat insurance specialists providing flexible and comprehensive cover for vessels of all shapes and sizes.
Renowned protection
NEW Loyalty Excess Reduction Benefit
We are pleased to introduce a new hull policy benefit for 2023.
Existing policies
If you have a hull policy and your renewal date is on or after 1st July 2023 and you have been claims free for your 2022-2023 policy year then at renewal you can enjoy a reduction in your hull policy excess of 10%.
New policies
If you incept a hull policy on or after 19th May 2023 and remain claim free for your policy year then at your next renewal you can enjoy a reduction in your hull policy excess of 10%.
The Loyalty Excess Reduction Benefit applies only to claims that are subject to the standard hull policy excess and where the hull policy excess is less than £5,000.00 (or the equivalent thereof in the policy currency). Full details of the Loyalty Excess Reduction Benefit can be found here.
The perfect cover
Here at Pantaenius we understand the importance of choosing the right insurance cover. That's why we offer a range of products that are individually tailored, as well as options for different levels of coverage. Our insurance products are constantly reviewed and enhanced, and our personal service and reliable claims handling brings owners peace of mind.
Motor Boat Cover & Sail Boat Cover - Comprehensive cover at competitive premiums - Hull Insurance
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All Risks cover
Excess free claims
New for Old
Agreed Fixed Value
Breakdown Assistance
Emergency accommodation abroad
Personal Effects
Engine Breakdown
ALL RISKS COVER
An All Risks policy providing comprehensive cover and offering you greater protection.
NEW FOR OLD
Our New for Old cover ensures the replacement of those parts and materials less than 3 years old without deductions.
BREAKDOWN ASSISTANCE
Up to £5,000 for assistance and towage services in an emergency situation.
PERSONAL EFFECTS
Cover for Personal Effects included as standard.
Excess free claims
No policy excess applied to a variety of Hull claims.
AGREED FIXED VALUE
An Agreed Fixed Value hull policy with a fixed sum insured which will be paid in the event of a total loss claim.
Emergency Accommodation
Up to £1,000 emergency accommodation abroad costs if you are unable to stay on your boat, following a claim.
ENGINE BREAKDOWN
Up to £20,000 for main engine breakdown cover for engines up to 5 years of age, with only the failed part excluded.
Motor Yacht Cover Plus & Sailing Yacht Cover Plus - our most comprehensive cover - Hull Insurance
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Comprehensive All Risk Cover
Wide range of excess free claims
Wear and Tear
Emergency Accommodation Abroad
Agreed fixed value
Higher limits for Breakdown Assistance
New for Old
Extended Engine Breakdown Cover
Comprehensive All Risk Cover
An All Risks policy providing the UK's most comprehensive cover offering you even greater protection.
Wear and Tear
Loss or damage as a direct result of a part failing due to wear and tear; corrosion or electrolysis included as standard, only the cost of repairing or replacing the faulty part is excluded.
Agreed fixed value
An Agreed Fixed Value hull policy with a fixed sum insured which will be paid in the event of a total loss claim.
New for Old
Our New for Old cover ensures the replacement of those parts and materials less than 10 years old without deductions. Option to purchase additional cover to buy out of 10 year age limit.
Wide range of excess free claims
No policy excess applied to a wide variety of Hull claims including fire and theft following violent and forcible entry.
Emergency Accommodation Abroad
Up to £2,000 emergency accommodation abroad costs if you are unable to stay on your boat, following a claim.
Higher limits for breakdown assistance
Up to £10,000 for assistance and towage services in an emergency situation. No excess applies.
Extended engine breakdown cover
Motor yacht owners benefit from unlimited main engine breakdown cover for engines up to 5 years of age, with an option to purchase additional cover to extend engine age to 10 years, with only the failed part excluded.
FAQ
What is boat hull insurance?
Boat hull insurance is a type of marine insurance that covers damage to your boat and its machinery and equipment. This insurance is designed to protect you from financial losses due to accidents, collisions, grounding, fire, theft, and other perils that can damage the physical structure of your boat. It ensures that repairs or replacements are covered, depending on the policy terms. Hull insurance is essential for safeguarding your investment and ensuring that you are financially protected in case of significant damage to your boat.
How much does boat hull insurance cost?
The cost of boat hull insurance can vary significantly based on several factors. Key determinants include the type, size, and age of the boat, as well as its value and intended use. For instance, larger or more valuable boats generally incur higher premiums due to the increased sum insured and repair costs. The location where the boat is moored and the cruising areas can also influence the premium. On average, boat hull insurance can range from a few hundred to several thousand pounds annually. To get an accurate quote, it is advisable to contact a specialist boat insurance provider with detailed information about your boat and its usage.
What damages does boat hull insurance cover?
Boat hull insurance typically covers a wide range of damages to the boat and related components of your boat. This includes:
Collision Damage: Repairs needed after a collision with another vessel or object.
Grounding: Damage caused when the boat runs aground.
Fire and Explosion: Damage resulting from on board fires or explosions.
Theft: Loss due to theft of the boat or its equipment.
Vandalism: Damage caused by intentional acts of vandalism.
Weather-Related Damage: Harm from severe weather conditions, such as storms or high winds.
It is important to review your specific policy details, as cover can vary and some exclusions may apply. Understanding the scope of your hull insurance will help ensure you are adequately protected against potential damages.
I have sold my boat. What happens with my policies?
When you sell your boat you cease to have an insurable interest in the yacht. Therefore, you will need to notify us, in writing, of the sale as soon as possible. You can do this by sending an email or a letter. We cannot cancel the policy by telephone. When we cancel your policy, a pro-rata refund of unused premium will be made provided no claims have been made in the current insurance period.
Can the purchaser take over the policies?
Each policy of insurance is based on the individual requirements of the insured. In taking over another person’s policy there is the danger that the policy is not suitable for the needs of the purchaser. Of course, if you feel that you have benefitted from the Pantaenius cover and customer service and wish to recommend us to the buyer of your yacht, then we would be delighted to provide them with a quotation for their insurance. Please feel free to pass on our contact details. If the new owner wishes to continue to insure the yacht through Pantaenius we will ensure that the there is no gap in cover when the yacht changes hands. You will need to let us know as soon as possible so that we can offer a quotation and set up the new insurance in good time for the sale. In many cases we will waive the requirement for a survey which may be helpful for your buyer and so benefit the selling process.
How is my trailer insured?
Trailers that permanently belong to the boat can be insured against loss or damage under the hull insurance, as part of the insured property.
If insurers agree to insure my trailer, do I need to specify an extra sum insured for the trailer?
It depends on the value of the trailer. There is automatic cover up to £1,500.00 each item for one trailer. However, should the value of your trailer be higher, please let us know as it will be necessary to reflect the correct value of the trailer in the total sum insured.
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Pantaenius Marine Hull Insurance: For Boats, Sail Boats and Yachts
Hull Insurance covers you against financial risks caused by damage to your own vessel and is one of the most imporant types of marine insurance policies on the market. It covers a broad range of damage to a boat’s hull, equipment and machinery. The desired type should depend on the intended use of the ship: Will it be chartered or do you need a cover specifically for racing? Do you transport your vessel as cargo and where will it be used on the water? At Pantaenius, we have just the right insurance solution for your plans! For your motor boat or sail boat, our boat cover is your ideal policy. Our hull insurance „Hull Plus“, on the other hand, is just right for your sailing or motor yacht. In addition to our basic hull insurance, it also offers a wider range of policies, for example a higher limit for breakdown assistance and a wear and tear policy. Apart from our yacht hull insurance, we also suggest you consider taking out Yacht Third Party Liability Insurance or Personal Accident Insurance.
Please do not hesitate to contact us, we will be glad to advise you on your ideal hull insurance or any other type of protection for you and your vessel!
