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Speed Motor Yacht Insurance

Speed Motor Yacht Insurance

Speed Motor Yachts, often also referred to as Performance Yachts are a remarkable class of superyachts, expertly crafted to merge exhilarating high-speed capabilities with the luxurious comfort that defines traditional superyachts. These yachts, depending on their size and engine configuration, can reach speeds ranging from 30 to over 50 knots, offering a thrilling experience on the water. Their streamlined hulls are meticulously optimized for high-speed performance, ensuring exceptional efficiency and stability even at the upper limits of their speed range.

Constructed from premium materials such as carbon fiber, aluminum, or fiberglass composites (GFK), these yachts are engineered with precision to minimize weight while maximizing strength and durability. This careful balance not only drives their impressive speed but also fortifies their structural integrity and longevity, allowing owners to enjoy both performance and reliability.

In addition to their impressive speed, these yachts provide the opulent amenities and comfort synonymous with superyachts, making them the ideal choice for those who seek both high performance and luxury on the open water. Whether you're embarking on a long-distance cruise or indulging in thrilling high-speed adventures, Speed Motor Yachts offer an unparalleled experience that seamlessly combines the best of both worlds.

At Sealogy, we recognize the unique needs of Speed Motor Yacht owners and are passionately committed to providing tailor made insurance coverage that is as unique as the Yachts and its owners.

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Highlights of our Speed Motor Yacht Cover

Coverage According to Your PrioritiesYou choose between comprehensive All-Risk Cover and cost-effective Basic Cover, protecting you against named perils.
Tailored to Meet Your NeedsTogether, we tailor insurance coverage that aligns perfectly with you, your yacht, and your intended use. Our mission is to provide you with the peace of mind to pursue your dreams with confidence.
Agreed Fixed Value for Total LossIn the unfortunate event of a total loss, our Top Cover ensures you receive the full sum insured as agreed, without any deductions except for residual value.
New for Old for Partial LossesFor partial losses, our Top Coverage replaces damaged parts up to the full sum insured amount, without any deductions. We ensure your yacht is restored with the care it deserves.
Personal Effects Securely InsuredYour personal belongings, as well as those of your crew, are securely insured if named to us. Whether it’s a cherished watch or a treasured artwork, we ensure that what matters most to you is well-protected.
Salvage and Wreck RemovalBeyond the sums insured, we cover salvage and wreck removal costs up to 2,000,000 Euro under our Top Coverage and 100,000 Euro under Basic Coverage. When authorities demand salvage or wreck removal, we’ve got you covered. We’ll shoulder the costs up to the full sum insured.
Your Yacht Manager is Co-InsuredAt your request, we extend coverage to your yacht management company and other firms involved in maintenance or refit works.
Ships Cash Secure Onboard and AshoreYour cash is insured both onboard and during land transport to and from the boat, up to the agreed amount in your policy.
Named Windstorm CoverIn the Caribbean, we offer the option to insure against damages from named windstorms.
War, Strike & Confiscation CoverAt your request, we cover damages from confiscation, war and strikes, ensuring your yacht is safeguarded against all odds.
Employer Liability ProtectionYou are protected against liability claims from your crew, offering coverage that shields you as both owner and employer.
Crew Liability CoverIn private yacht use, our Top Cover includes liability claims between skipper and crew members, ensuring harmony and safety on board.
Speed CoverUpon request, we cover damages that occur at high speeds of operating your vessel up to 43 knots.

Tailor-Made Insurance Coverage

At Sealogy we believe that Peace of Mind is absolutely essential to thrive in life and business. Our goal is to contribute to your peace of mind on your maritime endeavours so that you can fully embrace your passion.

We achieve that by providing you with insurance coverage that is meticulousy tailored to your needs and priorities ensuring that you can Navigate with Confidence, knowing you're thoroughly protected every step of the way.

Tailoring insurance coverage to your specific needs and priorities begins by understanding your specific set-up and priorities. It involves considering the level of protection you need and want, the importance of premium costs and the deductibles you’re comfortable with. And then to carefully craft insurance coverage to align with your unique needs and specific circumstances.

At Sealogy, every insurance policiy is as unique as the owner that seeks insurance coverage with us.

Send us a Quote Request and we’ll be happy to provide you with a tailor-made insurance quotation that perfectly suits your needs. And if it’s not exactly right the first time, we’ll refine it until it truly fits you.

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Yacht Insurance - Products and Cover-Concepts

Third Party Liability (TPL) Insurance

Third Party Liability Insurance (TPL) provides vital protection against financial liabilities if your yacht causes damage to other vessels, property, or people. It’s the essential coverage that allows you to navigate with peace of mind, knowing you’re protected. Learn more about our Sealogy Third Partly Liability Insurance for your yacht.

Hull & Machinery (H&M) Insurance

Hull & Machinery Insurance (H&M) covers the physical integrity of your yacht, including its hull and onboard machinery. From unexpected accidents to challenging weather conditions, this coverage ensures your yacht is safeguarded and can be promptly restored. Learn more about our Sealogy Hull & Machinery Insurance for your yacht.

Passenger Accident Insurance

Passenger Accident Insurance offers crucial coverage for any injuries your guests might sustain while aboard your yacht. It’s a reflection of your dedication to their safety, ensuring that everyone can enjoy their time at sea with confidence. Learn more about our Sealogy Passenger Accident Insurance for your yacht.

Sealogy BASIC - Named Peril Cover

Our Sealogy BASIC Cover is a named Peril Cover. That means it provides insurance protection only against specific risks or "perils" explicitly listed in the policy and the Terms & Conditions. If a peril isn't named, it's not covered. For example, if your policy lists theft, grounding and collision as covered perils, then damage caused by any other event would not be covered. Our BASIC Cover is a cost effective way to protect against many of the most relevant risks for yacht owners. In some cases - mostly very special risks - BASIC Cover may be the only cover we can provide. Learn more about our Sealogy BASIC Cover for your yacht.

Sealogy TOP - All-Risk Cover

Our Sealogy TOP Cover is an All Risk Cover. It offers comprehensive protection by covering a wide range of potential risks - except those explicitly excluded in the policy and/or Terms & Conditions. Unlike our BASIC Cover, which only covers specific risks listed in the policy, our TOP Cover offers much broader protection. Seeking insurance coverage based on our TOP Cover is the best way to achieve maximum Peace of Mind on your maritime adeventures. Learn more about our Sealogy TOP Cover for your yacht.Get your Quote