Marine Insurance Mallorca

A Generali marine (náutica) policy for Mallorca 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 Mallorca marina (including Real Club Náutico de Palma, Club de Mar Mallorca, Port Adriano (designed by Philippe Starck), Puerto Portals, Puerto de Andratx, Puerto de Pollença and Puerto de Soller) 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 Mallorca 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.