Luxury Yacht & Superyacht Insurance in Spain
↓ Jump to Frequently Asked QuestionsLuxury yacht insurance and superyacht insurance for high-value vessels kept in Spanish waters — agreed-value hull cover, high-limit third-party liability, crew and passenger cover, tenders, racing and worldwide navigation extensions. This is our marine insurance hub: every marine policy we arrange, the full policy wordings in English, and exactly what to do when you need to claim. Arranged by an authorised exclusive Generali agency with English-speaking service — Costa Blanca, Balearics, Costa del Sol, the Canaries and every Spanish port.
Get a Yacht Insurance Quote →📖 New to boat ownership in Spain? Read our guide to licences, the law & insurance →
The Marine Insurance Hub — Every Policy We Arrange
Marine insurance is not one product. A day boat, a crewed 30-metre motor yacht and a boatyard refitting them carry entirely different risks — and Spanish law treats them differently. These are the marine policies we arrange and the guides that sit behind them:
Boat & Yacht Insurance
Our core pleasure-craft policy — from mandatory third-party liability to all-risks for motorboats, RIBs, sailing yachts and cruisers.
Boat & yacht cover →Marine Hull Insurance
Hull & machinery cover (Cascos) for larger and higher-value vessels, written on established international clauses.
Marine hull cover →Ship Repairers' Liability
For boatyards, refit contractors and marine trades working on clients' vessels — in the yard, afloat or on sea trials.
Ship repairers cover →Marine Claims Guide
Damage, theft, collision or salvage — Generali's 24/7 claims numbers and the whole process explained in English.
How to claim →Policy Conditions in English
Full translated wordings: Mar Estrella, Náutico, the Institute Yacht Clauses, Marine Hull and Ship Repairers' Liability.
Read the wordings →Boat Owner's Guide to Spain
From the blog: skipper licences (titulín, PNB, PER), registration, marina rules and when insurance is compulsory.
Read the guide →What Luxury Yacht Cover Includes
High-value yacht policies are built vessel by vessel, but the architecture is consistent. The legal floor is third-party liability under Real Decreto 607/1999, scaling with length:
| Up to 6 m | €120,000 |
| 6–12 m | €240,000 |
| 12–24 m | €600,000 |
| Over 24 m | €1,200,000 |
No owner of a serious yacht should stop at the legal minimum — wreck removal alone for a sunk yacht in a busy marina can exceed €100,000, and most Spanish insurers offer €1–3 million liability as standard because the extra premium is small. On top of that liability layer, a luxury yacht policy typically builds in:
The full stack for a high-value vessel
- Agreed-value hull & machinery — a fixed insured value settled in full at total loss, locked in with a recent survey
- High-limit third-party liability — injury, damage to other vessels and marina infrastructure, pollution clean-up and wreck removal
- Crew cover — paid crew as third parties under liability, plus crew personal accident as an add-on
- Passenger & guest cover — typically €50,000–€100,000 per person; many marinas require it for the berth
- Tender on the schedule — the yacht's tender declared with its own value; jet skis insured on their own policies
- Salvage, rescue and towing costs
- Racing extension for officially organised regattas
- Laid-up cover for winter storage ashore, and road-transit cover on a trailer where relevant
- Navigation zones — Zona 1 (Spanish coast), Zona 2 (Mediterranean), Zona 3 (Atlantic Europe) or worldwide
Cruising outside your declared zone voids cover for any incident there — declare the widest area you realistically plan to sail. Racing and any form of charter must be declared, and the skipper must hold a valid Spanish licence (PER, Patrón de Yate, Capitán de Yate) or an accepted equivalent such as RYA Yachtmaster or the ICC.
Superyachts Over 24 Metres
Above 24 metres a yacht leaves the standard recreational framework: the compulsory liability minimum rises to €1,200,000, professional crew is usually aboard, and insurers rate the vessel individually rather than from a tariff. Expect the underwriter to ask for a recent condition survey, the crew arrangement, the flag and registration, and the real cruising programme — and expect terms to be written on established yacht clauses rather than a packaged product. We have translated the Institute Yacht Clauses into English so you can read precisely what is warranted before you sign anything.
Foreign-flagged yachts — UK, Malta and beyond — kept in Spanish marinas can usually be insured on a Spanish policy, which tends to be cheaper and makes claims handling local. Flag, VAT status and matriculación interact with residence and any charter plans, so we confirm the details with the insurer before issue; our boat owner's guide walks through registration and licence equivalence. Owning through a company or arranging cover through a family office or management company is routine — we deal with whoever runs the vessel and keep the owner's paperwork to a minimum.
How to Get a Quote
- Call or email us — ring 966 461 625 or email info@turnerinsurance.es. Our English-speaking team is available Monday to Friday, 09:30–15:00.
- Tell us about the vessel — name, flag and registration, length, year of build, engine power, hull material, value, home marina, intended cruising area, crew arrangement and the skipper's qualification. A recent survey speeds everything up.
- We structure the cover — agreed value, liability limit, zones, crew and tender — and present it with the full English wording. No pressure, no obligation.
- Your policy is set up — certificate and English-language documents issued promptly; marina certificates can be issued the same day for a berth deposit.
How to Make a Marine Insurance Claim
- Make the vessel safe — protect people first, then prevent further damage: a safe berth, emergency pumps, the marina office informed. Salvage decisions should involve the insurer wherever possible.
- Report the claim — call Generali's 24/7 freephone 900 903 433, or call us on 966 461 625 and we open the claim for you in English. Theft or collision also needs a Guardia Civil / marina report.
- Document everything — photographs, witness details, the marina's incident report, and access for the insurer's surveyor before repairs begin.
- We manage it to settlement — repairs, liability, salvage and wreck removal, chasing Generali so you do not have to, in English throughout.
The full step-by-step process, documents and timelines are in our marine insurance claims guide.
Luxury Yacht & Superyacht Insurance — FAQs
The questions high-value owners, captains and management companies actually ask us:
More questions? Contact us for free English-speaking advice — or call 966 461 625.
Sources & References
This page references the following official Spanish regulatory and legal sources. These are the authoritative bodies and laws governing marine insurance in Spain:
- Dirección General de Seguros y Fondos de Pensiones (DGS) — Spanish insurance regulator. Confirms registration of insurance brokers (Andrew Turner: Registry C0467B54657010) and authorises all insurance products distributed in Spain.
- Ley 50/1980 — Ley de Contrato de Seguro (BOE) — Spanish Insurance Contract Law. The primary legal framework governing all insurance contracts in Spain — defines duties, claims, cancellation rights and disclosure obligations.
- Ley 14/2014, de 24 de julio, de Navegación Marítima (BOE) — Spanish Maritime Navigation Law. Covers liability and insurance requirements for vessels in Spanish waters.
- Real Decreto 607/1999 (BOE) — Reglamento del seguro de responsabilidad civil de embarcaciones de recreo. Sets the compulsory third-party liability minimums for pleasure craft in Spanish waters.
Insure Your Yacht in Spain
AGREED VALUE · ENGLISH POLICIES · MEDITERRANEAN & WORLDWIDE ZONES
Cancellation rights. Annual contracts auto-renew under Ley 50/1980 Article 22. Cancellation requires at least one month's written notice before renewal.