How to Insure a Superyacht...

Check out our step by step guide to insuring your Superyacht…

Here at Saxon Yacht, we understand the varying, often complex working relationships for professionals within our tight-knit community. Our team are incredibly proud to work closely with the worlds most prestigious Management Companies, Private Family Offices, Captains and of course, Yacht owners.

Our vast experience has given us the opportunity to have dealt with an incredibly wide array of scenarios, from day-skippered Sports Yachts on the French Riviera, to globally cruising Explorer Vessels in South America.

Saxon have always been our first ‘port of call’ for Yacht Insurance – Their knowledge, passion and dedication has always been head and shoulders above the competition. We use Saxon for our Yachts, Aviation and Automotive Insurance.

UHNWI Family Office Manager

Step 1: Contact Us

Pop us a message in our dedicated ‘Contact Us’ form. A member of our professional team will be in touch immediately; or, should you prefer, we are able to call you at a specific time of your convenience. Our team work internationally and are available to discuss throughout all international time-zones.

Step 2: Fact Find

During our phone call, we endeavour to learn about your vessel, from the Length & Value, to the Year of Manufacture, Flag State and Number of Crew Aboard. This initial understanding of the vessel allows us to search for the best insurance policy available. We are proud to have worked with the global leaders in Marine & Aviation insurance for over 15 years. This invaluable experience allows us to access the best policies available in the world.

Ocean Pearl Yacht, Designed by the infamous  Norman Foster

Ocean Pearl Yacht, Designed by the infamous Norman Foster

Step 3: Go to Market 

Following our fact finding conversation, a member of our experienced team presents the risk to the market. 

Due to our impeccable record of successful business, our underwriters have complete confidence in the quality of our clients’ vessels and provide us with the worlds most competitive and comprehensive policies as a result.

M/Y Malahne, built by UK shipyard,  Pendennis.

M/Y Malahne, built by UK shipyard, Pendennis.

Step 4: Obtain Quotes

Saxon Yacht begin to receive initial offers within 24 hours of our presentation, we then scrutinise & negotiate the premiums and particulars within the policy, ensuring the policy is tailor made to the specific vessel in mind. 

It is our role as yacht insurance brokers to negotiate the benefits of each policy. No two vessels are the same, and neither are the policy particulars. Our bespoke approach ensures you receive the most appropriate, tailored policies specifically designed for you.

Versatile & Agile! -  Axopar 37 Sports Cabin

Versatile & Agile! - Axopar 37 Sports Cabin

Step 5: Prepare Your Quote

We return a number of the most suitable quotes that meet your specific needs, along with an easy to digest breakdown of each individual policy, including the merits and negatives of each policy on offer.

If necessary we aim to return a minimum of 3 quotes, along with a corresponding summary, personally written up by a member of our team.

Our scrutinising is not solely financial, we are fastidious in our negotiations with regards to the technical aspects of the vessel cover. 

The aggressively styled  Dominator Ilumen 28m

The aggressively styled Dominator Ilumen 28m

Step 6: Accept Your Quote

Once a mutual decision has been made as to which policy you would like to move forward with, we start the cover immediately or from a start date of your choice.

Step 7: Receive Your New Saxon Yacht Insurance Policy

After receiving your instructions to proceed we instruct the relevant underwriter to prepare and issue the policy. This is then packaged up by our team and sent to you for your review and safekeeping. These always include all relevant documents to keep onboard but most importantly we want you to save your dedicated Account Manager’s mobile number in the event of any emergencies or simple questions. We work around the clock and have pride in being there for you for the duration of the policy and for many years to come.

‘Saxon have provided my vessel and crew with the cover we needed, Sam is always available to answer any questions, I will continue to use Saxon on the new-build once it is launched!’

Captain – 47m Yacht

For any questions regarding the efficient cover of your yacht, and to get in touch with a member of our experienced team, click here.