Luxury Yacht & Superyacht Insurance in Spain

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. Standard pleasure-craft cover starts on our main page for boat insurance in Spain; the policies below scale it up for high-value vessels. These are the marine policies we arrange and the guides that sit behind them:

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:

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:

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. Our Spanish vs UK boat licences comparison maps every UK ticket to its Spanish equivalent.

Agreed value is what separates a high-value yacht policy from a packaged pleasure-craft product. On an agreed-value basis the insured sum is fixed when the policy is written, backed by a recent survey, and settled in full at total loss; a market-value basis instead pays what the vessel is worth on the day of the claim, after depreciation. On a yacht that has had serious money spent on it the difference at claim time is substantial — which is why an underwriter will ask for the survey before agreeing a value at all.

Superyacht Cover for Vessels 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.

Motor Yacht and Sailing Yacht Insurance in Spain

Motor yacht insurance and sailing yacht insurance sit on the same policy structure. What changes is how the vessel is rated, and which extensions you need on the schedule.

The quoting facts are the same list either way. Length, year of build, engine power, hull material, value and home marina. The crew arrangement and the skipper's qualification complete the picture. Sailing yachts raise two extras. Officially organised regattas need the racing extension on the schedule. Winter storage ashore needs laid-up cover.

Insuring a yacht is not the same job as insuring a day boat. Smaller motorboats, RIBs and cruisers are quoted from a standard tariff on our main page for boat insurance in Spain. This page is for the high-value end, where each yacht is rated on its own merits.

What Yacht Insurance Costs in Spain

There is no flat tariff for a high-value yacht in Spain. Each vessel is rated on its own. The premium is built from the agreed value, the length, the engine power, the hull material and the year of build. Your declared navigation zone moves it too. So do the crew arrangement, the skipper's licence and the claims history.

A recent condition survey usually helps the price as well as the settlement. It proves condition and it fixes the agreed value. Call us with the vessel details and we will quote a real figure rather than a range.

How to Get a Quote

1. 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.
2. 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.
3. We structure the cover — agreed value, liability limit, zones, crew and tender — and present it with the full English wording. No pressure, no obligation.
4. 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

1. 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.
2. 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.
3. Document everything — photographs, witness details, the marina's incident report, and access for the insurer's surveyor before repairs begin.
4. 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.