Individual Yacht and Pleasure Craft Insurance from Argus Insurance

Individual Yacht and Pleasure Craft Insurance from Argus Insurance - Argus Gibraltar

Announcement

We are pleased to announce that The Argus Group, our parent company, has unanimously approved a definitive amalgamation agreement to combine Argus with BF&M, another Bermudian listed insurer, in an all-stock transaction, to form a larger and stronger company.  

Argus offers comprehensive insurance (including third party) against a variety of threats to your boat.

Yacht & Pleasure Craft Insurance: What Does It Cover?

Third-Party Liability

Argus offers Individual Boat Liability insurance, which includes coverage of compensatory damages for loss of life, personal injury, removal/destruction of vessel and associated legal costs.

Theft

A range of coverages are available to offer financial protection against boat theft or theft of outboard motor(s), gear or equipment.

Hull

Provides indemnity from liability on an all-risk or named-peril basis. Certain navigational limits may apply.

Collision

Argus yacht and pleasure craft insurance plans include coverage for collisions with other vessels as well as damage to piers and other structures.

Perils of the Sea

Yacht & Pleasure Craft coverage will help shield boat owners from the financial burdens of damage caused by perils of the sea.

Flexible Limits

If your business does not fit within one of our package policies, let us customise a package for you. We can adapt a policy to suit your individual needs.

Material Damage

Our coverages include, but are not limited to, indemnity against perils of navigable waters, fire, jettison or contact with deck/harbour equipment.

Interested in Getting a Quote?

Speak to our experienced representatives.

Request Yacht Quote

Excellent Customer Service

When you need a quote, immediate cover, or you need to make a claim, we pledge to give you an instant response, locally made.

Comprehensive Coverage

Your peace of mind is our priority - and our wide range of insurance coverage on offer demonstrates this.

The Right Level of Coverage

Worried about having too much or too little coverage? Our experts will help you decide the level of coverage best for you.

Global Recognition

The exclusive Chartered Insurers status is evidence of our commitment to an overall standard of excellence and professionalism to our customers, partners and employees.

Marine Insurance Resources

MARINE INSURANCE RESOURCES

Common Forms

Motor Accident Claim

Windscreen Claim

Motor Vehicle Proposal

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Frequently Asked Questions

Am I required by law to have insurance on my boat?

Any vessel that is over six meters in length and any vessel, irrespective of size, that is mechanically propelled must have, as a minimum requirement in Gibraltar, cover for third party liability.

How do you handle claims?

Argus are one of a few insurers in Gibraltar who handle all claims locally. Our experienced claims team is supported by a carefully selected, network of surveyors and repairers. Decisions are made swiftly, and locally, and are backed by the Argus Customer Charter. Please feel free to complete a claim form.

Do I need to provide a survey?

If the vessel is over 12 years old, we would require an "out of water" survey with a surveyor of your choice. We would be happy to provide details of qualified surveyors operating locally. Otherwise, no survey is required if the boat is in sound, seaworthy condition.

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