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Spain's Mediterranean and Atlantic coastlines, the Balearic Islands, the Canary Islands and the Costa Verde offer some of the finest sailing and yachting waters in Europe. Whether you keep a sailing yacht in a marina on the Costa del Sol, cruise the Balearics in summer, or cross the Atlantic from the Canaries, specialist yacht insurance is essential — and very different from the boat insurance needed for smaller motor vessels.
Yes. Under Spanish maritime law, all recreational vessels must carry third-party civil liability insurance. The minimum required limit depends on vessel length: vessels under 6 metres require at least €150,253 of third-party liability; vessels 6–12 metres require €300,506; vessels over 12 metres require €480,810. These are absolute minimums — most marinas require significantly higher limits as a condition of berthing.
The structural hull, mast, rigging, sails, engine and all onboard mechanical systems. Covers accidental damage, collision, grounding, fire and storm damage. Agreed value or market value settlements are available — agreed value is preferred for yachts where custom equipment, sails and electronics may exceed any standard market valuation.
Covers damage or injury your yacht causes to other vessels, persons or property. Marina collisions, anchor damage and crew injury are among the most common claims. Limits from €600,000 to €3 million+ are available.
If you race your yacht — club racing, offshore racing or regatta participation — standard cruising cover does not apply during racing. Racing cover is an essential extension for racing sailors.
Charts, GPS, VHF, radar, autopilot and personal items aboard can be covered up to specified limits. Electronics and navigation equipment are high-value and frequently targeted by thieves in marinas.
Covers your legal liability as yacht owner to crew members injured aboard. If you sail with non-professional crew (friends, family), they are exposed to maritime risks that are not covered by standard travel or health insurance.
Standard policies cover defined geographic areas. If you plan to cruise to the Canaries, cross to the Caribbean, or sail in northern European waters, your policy must reflect this with appropriate cruising area extensions.
Yacht insurance is typically priced as a percentage of the vessel's agreed value — usually 0.8%–1.5% per year for cruising cover in Mediterranean waters. A yacht valued at €60,000 therefore typically costs €480–€900/year for comprehensive cruising cover. Racing premiums are higher due to the increased risk.
The Canary Islands are Spanish territory but geographically Atlantic — many Mediterranean-area policies require a specific Canary Islands extension or Atlantic cruising endorsement. Check your policy's navigation limits carefully.
Yes. Live-aboard cover requires declaration of permanent habitation. Most specialist marine insurers offer live-aboard policies.
Yes — laid-up or port-risk policies cover a vessel in harbour while you're away. These are usually significantly cheaper than full navigation cover and maintain essential hull and theft protection.
No — Spanish insurance is based on where the yacht is primarily navigated and kept, not flag registration. UK-flagged yachts based in Spain are routinely insured by Spanish marine insurers.
