Marine Insurance Gran Canaria

A Generali marine (náutica) policy for Gran Canaria typically covers: (1) hull and machinery damage from collision, grounding, fire, theft and storm; (2) third-party liability (responsabilidad civil) up to €3 million standard, with higher limits available for mega-yachts; (3) crew and passenger personal accident; (4) towing and salvage assistance throughout the Mediterranean; (5) racing risks where declared. Cover follows the boat throughout the EU and EEA, with extensions for Caribbean and transatlantic cruising on request.

Yes — Spanish maritime law requires every recreational vessel above 6 m in length, and every vessel with an engine over 25 kW (around 34 HP), to hold third-party civil liability insurance. The minimum statutory cover is €120,202 for a vessel under 6 m and increases with vessel size; in practice every Gran Canaria marina (including Muelle Deportivo de Las Palmas (the iconic ARC departure marina), Pasito Blanco, Puerto Rico, Pasito Blanco and Puerto de Mogán) requires evidence of cover before assigning a berth. Most owners take much higher liability limits — €1–3 million is standard, more for high-value yachts.

Generally no — once the vessel is matriculated under Spanish flag (LE bandera) or kept permanently in Gran Canaria waters, Spanish-flag boats require a Spanish-issued policy. We routinely replace UK, Dutch, Belgian and German boat insurance with a Generali Spanish-flag policy that satisfies the harbourmaster (Capitanía Marítima), the marina contract requirements and Spanish maritime law — while preserving no-claims and accepting recent surveys done abroad.