Onlyyacht - Superyacht Insurance

Superyacht insurance claims services

When you need us most, we understand that you Only demand the most efficient, effective and prompt claims handling by Marine Experts. With such a special risk as your yacht, communication and understanding is vital and our well-established links with underwriters, loss adjustors and marine lawyers worldwide will mean that the claims will Only be handled with the utmost professionalism.
Rest assured that we will provide you with all the essential details you need to know when you need to make a claim.


Important information on how to proceed if damages occur

1. The insured party is obliged to report all damages to the insurer without delay. In cases of damages resulting from fire and explosion, theft, burglary, robbery, piracy, misappropriation and fraudulent acquisition, the insured party must also place charges with the local police without delay.

2. The insured party is obliged to independently undertake any reasonable measures which are considered appropriate to prevent and reduce the extent of damage. If the insurer provides instructions to this effect, the insured party is required to follow such instructions.

3. The insured party is obliged to submit to the insurer detailed and truthful reports of the damages incurred, and to provide at the request of the insurer any information, which according to the insurer, is deemed necessary in order to determine the extent of the insured damages and the appropriate compensation. At the request of the insurer, the insured party is required to furnish documentation, provided that the procurement of such documentation is reasonable.