Insured and assured

What cruisers should know about yacht transport insurance

Crossing an ocean is part of the dream for many blue-water sailors and long-distance cruisers. But the return trip? That’s when yacht transport starts to make a lot of sense.Whether it’s to avoid wear and tear, unfavorable currents, or rough weather during the return leg, more and more cruisers are choosing to ship their yachts home. While it’s a smart and practical choice, one essential piece of the puzzle deserves extra attention: transport insurance.

Yacht transport insurance isn’t just a technicality, it protects your yacht when it's out of your hands. Here’s what to look out for, how to ask the right questions, and what to expect from your transport provider.

Why transport insurance matters

Let’s start with the basics. Most regular yacht insurance policies don’t automatically cover transport by cargo ship. Even if your policy includes "all-risk" coverage, it likely excludes shipping unless specified. That’s where marine cargo insurance comes in, a separate policy that specifically covers your yacht while it’s being lifted, secured, shipped, and unloaded.

Transport insurance gives you peace of mind against risks like: • Damage during loading or discharge • Shifting or movement during the voyage • External impacts or severe weather • Pollution or salvage costs in case of a worst-case scenario

Key terms you should know

Not all insurance policies are created equal. When reviewing your quote, these are the terms that deserve a second look:

1. All-risk Transport Insurance This is the most comprehensive option and usually the best choice. It covers physical damage, theft, general average, salvage, and environmental damage. Always check the small print. What’s included is just as important as what’s excluded.

2. Deductibles This is the amount you’ll need to pay in case of a claim. It’s often a percentage of the yacht’s value, so make sure you understand how it’s calculated and whether it’s per claim or event.

3. Premiums Transport premiums vary based on the yacht’s value, dimensions, destination, and time of year. Keep in mind that a higher premium from a reputable insurer might reflect a better claims process or wider coverage.

4. Named Perils vs. All Risk If your quote says “named perils,” be cautious. This means you’re only covered for the specific risks listed in the policy. All-risk policies are broader and more suitable for transport.

How to vet the Transport Company Before signing anything, ask your yacht transport company about: • Who underwrites their transport insurance? • Do they include coverage in the quote, or do you need to arrange it yourself? • How do they handle claims? • Can you speak to a real person when something goes wrong? Reputable companies will be transparent and help guide you through the process. Some will even connect you with their marine insurance broker or offer policies at group rates.

Also, it helps to know who you’re dealing with. Is it a one-man operation or part of a larger, financially stable group? Do they own their ships or charter them from third parties? These details say a lot about the risk behind the service.

When things don’t go as planned

Let’s be honest. Transport doesn’t always go 100% smoothly. Your yacht might arrive with Sahara dust or salt baked on deck. That can happen. But if there’s real damage, like a stanchion bent during loading or a cracked hull from shifting on deck, that’s when your insurance matters.

It’s also important to know who handles claims. Is there a dedicated claims team? Will a marine surveyor inspect the damage and help you file? The speed and clarity of claims handling are just as important as the policy itself.

Final thought: Partner with a pro

When it comes to yacht transport insurance, your best ally is knowledge and a trustworthy transport partner. Sevenstar offers dedicated logistics teams, in-house operations, and access to reputable insurers who understand the cruising life. Our goal? To get your yacht where it needs to be, safely and securely, and to keep the insurance process as straightforward as possible.

So before you set sail on your next big adventure, take the time to ensure your yacht is not just booked, but protected.