A watersports insurance covers any damage you incur in the use or possession of your water sports equipment. This may be personal, property or pecuniary damage. Since mostly boats and their owners and users are secured, one speaks often of boat insurance.
Similar to car insurance, you can opt for water sports insurance between liability and comprehensive insurance. Basically, such a hedge is especially advisable for the owners of Wassergefährts. Because he is liable for damage caused by his boat, regardless of whether he has caused the damage himself.
Coarse negligence also insured?
Make sure when choosing the water sports insurance, whether gross negligence caused damage is insured.
The water sports liability insurance is not mandatory in Germany, but strongly recommended. Because in case of damage, the uninsured boat owner can quickly incur costs in the millions. If people are injured, the sum increases quickly for compensation. If you are traveling without a water sports insurance with your watercraft, you risk your financial ruin in the event of a claim.
Mandatory in some European countries
Even those who travel with their boat in other European waters, should opt for a water sports insurance. There are regulations in Spain, Switzerland, the Netherlands, Italy and Greece requiring insurance. If you use your water vehicle in these or other countries, you should also pay attention to a corresponding foreign cover in your water sports liability, similar to the Mallorca policy for cars. This policy also provides insurance coverage when chartering boats, even with skippers and crew.
Insurance cover not only for boat owners
Similar to the car insurance, all those who are authorized or responsible for the use of the water sports equipment are insured in the water sports insurance in addition to the holder.
Insurance protection of private liability is usually not enough
Although there are many private liability policies or home contents insurance, in which also water sports equipment are secured, but this insurance is usually not sufficient. The private liability policies, for example, only cover damage caused by a surfboard or dinghy. Motorboats or sailing yachts with outboard motor are not insured with the product.
If you use one of the following water sports equipment, you should opt for a watersports insurance: jet skis, yacht, motorized boats, motorized sailboats, jet boats, hovercraft, catamarans. Also, keep in mind that you should have appropriate insurance coverage when hiring these fellows to be protected from high costs in the event of damage.
Coverage and insurance coverage
A water sports insurance covers personal injury, damage to property or pecuniary loss up to the contractually agreed sum insured. As a rule, covers between 2 and 15 million euros can be selected. The cover assets for pecuniary losses are usually in the significantly lower, six-digit euro range.
The following damages are usually not covered by the water sports insurance:
- Damage that is inflicted on a policyholder himself
- Intentionally caused damage by policyholders
- Damage caused to close relatives (for example, parents or children)
- Penalties or fines resulting from damage caused
Coverage of water sports insurance in other European countries
The cover sums of other European countries usually differ significantly from the usual hedging levels in Germany. This means that you can have insufficient cover in the event of damage because the insurance cover is based on the location of the accident. Therefore, it is advisable to integrate an additional cover, similar to the Majorca policy in the car for watercraft in the contract. This means that you benefit throughout Europe from the high insured sum that already protects you in Germany.
Where boat insurance is compulsory, the following minimum sums apply in Europe:
|country||Liability insurance||Minimum coverage|
|Greece||Proof on board|| 500,000 euros (property damage)
150,000 euros (environmental damage)
|Italy||Motorboats over 5.44 hp (4 kW)||766,938 euros|
|Netherlands||Proof on board||567,225 euros|
|Switzerland||Motor and sailboats over 15 m 2 sail area||2,000,000 SFr|
|Spain||Motor and sailboats over 6 meters long and water scooters|| 120,202 to 240,404 euros (personal injury)
96,161 euros (property damage)
Complete water sports insurance
In Germany, there are various insurance companies that offer a water sports insurance. These include the ADAC, Gothaer, Alte Leipziger, HUK, Helvetia or Zurich.
Most insurance products can be completed directly online on the homepage of the respective provider. Special yacht insurance for large yachts or for commercial ship use, however, must be requested directly from a consultant of the respective insurance, as the scope of conventional water sports insurance, for example, is insufficient for luxury yachts.
The insurers can choose from:
- Water sports or boat liability insurance
- Water Sports-risk insurance
- Skipper liability insurance
- Special sailing yacht insurances
If you are looking for a general hedge, you should opt for a water sports liability when buying or before the regular boat charter. If you use a new water vehicle, it is advisable to select comprehensive protection.
That costs a water sports insurance
The amount of the insurance tariffs depends on the water sports insurance on the one hand, depending on whether you select a basic liability insurance or a cascade variant. In addition, decide the size of the boat or the engine and the chosen coverage over the actual cost. For sailboats also the area of the sails plays a role in the calculation of the tariff.
If you select a collateral coverage, you can also influence the tariff level by the selected deductible. Most insurers calculate the hull rates based on the time value of the boat and the desired scope.
- Water port liability insurance is possible for small boats from just 40 euros, but can also cost up to 400 euros per year.
- If a fully comprehensive insurance is chosen, the prices start at around 250 euros per year and rich in expensive boats quickly up to several thousand euros, which you must transfer annually to the insurer.
Water sports liability
Water sports liability, like all liability policies, is an elementary safeguard against any damage you or others may cause with your water sports equipment. It assumes the costs that are due to personal, property or pecuniary damage up to the amount of the insured sum agreed in each case. In addition, the water sports liability also damages third parties. Also water damages are covered by the insurance protection. Thus, the water sports liability is different from a conventional personal liability insurance.
Exclusion of benefits: Damage that you receive yourself is not covered by the liability. The same applies to intentionally caused damages as well as fines, which are charged in connection with the cause of the damage.
Proof necessary in countries
In some countries, such as Greece, you need to provide evidence of water sports liability. This is the so-called "blue insurance card".
Water sports insurance
A watersport insurance protects boat owners from damage that can be caused to their own water vehicle. These damages can be caused by accidents or natural hazards like lightning strikes or storms. Even explosions or thefts on your boat are covered by the comprehensive insurance. Thus, the comprehensive insurance differs from the water sports liability, which does not pay for their own damage.
The insurance covers both own and third-party debt. Thus, damages by third parties are covered by the insurance. On request, with the comprehensive insurance, in contrast to the water sports liability, other components of the boat such as dinghies are also insured. Disposal costs or wreck salvage are usually included in a comprehensive insurance. In addition, many insurers also offer comprehensive insurance for storage in shipyards or docks.
Check for dinghies
Before completing the comprehensive insurance, check whether, for example, dinghies or other supplements are also insured. In addition, the insurance cover should also protect the hibernation or transport of the boats.
Skipper liability insurance
Skipper liability insurance covers personal injury, property damage and property damage caused by a skipper. This hedge is not offered by the traditional water sports liability.
This special water sports insurance is particularly useful if you are a skipper of a chartered boat. In this case you are responsible for the crew and the boat and are fully liable for any damages. If you do not use skipper liability, you can receive millions of claims in case of damage.