insurance
Protecting your yacht and your peace of mind
While the yacht is at the shipyard and under construction, it is insured by the shipyard. But once the question of logistics and delivery of the completed yacht to the port arises, you must arrange the insurance yourself.
This is the moment when the right insurance partner becomes essential — because different risks require different coverage, and the cost of a mistake is always high.
The key risk areas
A yacht worth millions deserves protection designed specifically for how you use it — not a generic marine policy
Crane operations
Lifting and launching a yacht is one of the most physically risky moments in ownership. Even experienced teams can face equipment failure or human error.
Logistics and transit
Transporting a yacht from the shipyard to its home port involves road trailers, cargo ships, or long-distance sea passages — each with its own risk profile.
Mooring and marina
Most yacht insurance claims happen during mooring in ports and marinas. Wind, tides, and proximity to other vessels create constant risk.
Types of yacht insurance
There are more than 50 marine insurance companies on the market. LYRA Intelligence analyses them all at once to find the best available offer for each client, based on the specific yacht and the way it will be used by the owner.
Hull & Machinery
Physical damage to the yacht itself — collisions, grounding, fire, storms, and mechanical breakdown. The foundation of any marine insurance programme.
Protection & Indemnity
Third-party liability coverage — damage to other vessels, injury to passengers or crew, pollution, and wreck removal obligations.
Transit coverage
Dedicated protection during yacht delivery from the shipyard to the home port — by sea, road, or cargo vessel.
Loss of use
Compensation for the period when your yacht is out of commission due to an insured event — covering charter costs or alternative arrangements.
Personal effects
Coverage for belongings on board — electronics, art, jewellery, and personal items that travel with you.
Construction risk
For yachts being built to order — covering damage during the construction process before the shipyard's insurance transfers to the owner.
We choose the insurance for each specific yacht
LYRA does not recommend a single insurer to all clients. We analyse how the yacht will be used by the owner — cruising regions, seasonal patterns, crew qualifications — and match it with the right policy from our selected partners.
The result is coverage that fits your yacht and your lifestyle, not a standard template.
A professional on board makes all the difference
LYRA Yachting Agency is always ready to help you find a professional crew, even for a few hours.
Find a crew
Registration and insurance go hand in hand. Where your yacht is registered affects your insurance terms, premiums, and coverage options.
