Marine Insurance Mallorca

Marine Insurance in Mallorca — Generali Boat Cover

Any vessel above 6 m, or with an engine over 25 kW, must carry marine third-party liability insurance in Spain. In Mallorca’s marinas the norm goes further: a full casco y maquinaria (hull and machinery) policy against theft, fire, storm, collision and grounding, with liability limits sized for the berthing contract. As authorised exclusive Generali agents we insure owners across Mallorca and the rest of the Balearic Islands (Illes Balears) — everything handled in English from our Javea office.

Palma is where the Mediterranean yacht industry does its serious work — the bay concentrates berths, brokers, crew and some of the busiest refit yards in Europe — and the island’s fleet ranges from llaut day boats to superyachts. We insure sailing yachts, motor cruisers, RIBs, mega-yachts (where Generali capacity allows) and declared charter vessels, and we re-flag UK, Dutch, Belgian and German owners onto Spanish (LE bandera) policies with no-claims intact and foreign surveys accepted. Start with our boat insurance in Spain guide if Spanish boat law is new territory.

From Palma Bay to Port de Pollença — Insuring Mallorca’s Fleet

Palma sets the tone. The city waterfront runs from the Real Club Náutico de Palma and Club de Mar past the commercial quays to STP Shipyard Palma, one of Europe’s busiest refit centres, and the bay beyond is ringed by Puerto Portals and Port Adriano with their high-value motor yacht berths. This is the Mediterranean’s working yacht capital as much as a holiday coast: crews, surveyors, brokers and contractors are all on the doorstep, which is one reason so many owners keep their boats here twelve months a year.

Away from the capital the island changes character. Port d’Andratx in the south-west corner keeps a village-harbour feel around its fleet of cruisers and llauts; Port de Sóller is the one refuge on the cliff-bound Tramuntana coast; and the northern bays of Pollença and Alcúdia offer big, sheltered water that suits family boats, swinging moorings and winter berthing. Sailing in the lee of the Serra de Tramuntana is a local speciality — and so are the sudden gusts that spill off the ridge, which catch out visiting skippers every season.

What the island’s bases mean for a policy:

• Palma’s harbours and yards — the highest hull values on the island; yachts at this level are individually underwritten, and refit or lay-up periods ashore should be declared so cover follows the boat into the yard.
• Puerto Portals and Port Adriano — prestige motor yacht berths; liability limits well above the legal floor are the norm in these berthing contracts.
• Port d’Andratx and Port de Sóller — smaller harbours with mixed local fleets; standard hull-and-liability cover fits most owners.
• Pollença and Alcúdia — sheltered northern bays with many swinging moorings; outboard and tender theft is the claim we see most from boats kept on a buoy.

Mallorca also runs one of the largest charter fleets in the Mediterranean, and the summer calendar — regattas out of Palma bay included — keeps the water crowded from May to October. Charter use must be declared and is rated on its own terms; private owners mostly meet us over marina-manoeuvring knocks, Tramuntana gust damage to sails and rigging, and the occasional grounding in a crowded cala anchorage. Every claim is handled in English from start to finish — the sequence is in our marine insurance claim guide.