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How to Deal with Damage to a Yacht

A yachting accident is a sailor’s worst nightmare. How much will it cost to repair the damage? How much will the insurance company pay out?
A yachting accident is a sailor’s worst nightmare. How much will it cost to repair the damage? How much will the insurance company pay out?
There’s a powerful wind blowing, you firmly grasp the steering wheel but the waves send you on an unavoidable collision course with a rock. At first, you are afraid for the crew but soon this changes into concerns regarding the amount and extent of the damage to the yacht. Is the damage even covered by insurance?


What to look for when choosing insurance

Fortunately there’s no need to panic, as damage to the yacht can be taken care of easily and the costs are generally covered by insurance. However, when shopping around for insurance, do check the extent of the coverage they offer as some companies exclude some of the more common types of damage.
Insurance from yachting.com covers damages that other insurance companies don’t even offer. In fact, if our clients experience a new type of damage, which might not be covered, we’ll immediately cover this new type of damage in our deposit insurance.
 
If you’re still hesitating about deposit insurance, check out this year’s real stories from our sailors.


Yachting accidents with a happy ending

The following stories are true stories from our clients who ended up having unfortunate accidents at sea. When the incident occured, they contacted us. They documented the damage and we took care of everything else. If we get the evidence quickly, the damages can be paid out within a week.


Broken sunroof

On the island of Hvar, the crew hadn’t been paying enough attention to one of the ropes. The rope slid under the plastic rim of the sun roof and when the rope pulled tight, part of the window completely broke off.

Broken sunroof on board


How did we sort it out?

  • Damage Location: Hvar, Croatia
  • Deposit Amount: 1 500 EUR
  • Actual Damage: 12 637 Kč
  • Deductible: 120 EUR
  • Payout: 9 559 Kč
  • Date of Damage: 5.6. 2018
  • Date Documents Delivered by Client: 28. 6. 2018
  • Payout Date: 30.7. 2018 


Damage to the keel and rudder

The next accident successfully sorted out  is best described by the client themself:

"On May 1, 2018, we wanted to anchor at Folegandros Island. Upon arrival at the Karavostasis marina, we got the rudder caught on a rock below the surface which we hadn’t found on any of the maps. This damaged a portion of the keel and rudder underwater. After discovering the extent of the damage, we contacted the charter company Hermes Yachting, who ferried one of their employees to us. He arrived in the morning and along with the crew members made a temporary repair so that we could get back to our home port of Athens."

 
Damage to the keel and rudder


How did we sort it out?

  • Damage Location: Folegandros, Greece
  • Deposit Amount: 2 500 EUR
  • Actual Damage: 34 668 Kč
  • Deductible: 120 EUR
  • Payout: 31 603 Kč
  • Date of Damage: 1. 5. 2018
  • Date Documents Delivered by Client: 9. 7. 2018
  • Payout Date: 30.7. 2018
How to Deal with Damage to a Yacht
 
With deposit insurance, you can enjoy your yachting vacation worry-free. Choose your boat through our online search engine which is regularly updated every 15 minutes.