Pantaenius Yacht Hull Insurance

• Fixed Cost: A fixed insurance sum (Fixed Cost) is agreed upon between the owner and Pantaenius, and this sum is reimbursed in the case of a total loss on the yacht.
• Excess Contribution: No excess is applied in case of total loss, breaking and entering, transportation damage, and in the case of a collision with a stationary yacht at the fault of a third party.
• Retrieval costs: Costs for retrieval, wreck removal, and disposal costs are covered without limitation.
• New for Old: Partial damages will be regulated up to the amount of the fixed sum. Costs are covered for new parts necessary for repairs, without any deductions for age.
• Inspection costs: Pantaenius covers inspection costs, irrespective of your excess contribution, if your yacht runs aground.
• Leaving the Yacht: Pantaenius considers leaving your yacht if your life is in danger, an insured event.
• Cruising area: An extension of the cruising area tailored to your individual needs is possible at any time. Occasionally leaving the agreed cruising area is automatically included in the insurance.
• Unseaworthiness: We do not have an exclusion due to “unseaworthiness”. This term does not appear in our conditions, as it cannot be clearly defined legally.
• Inventory and equipment: Inventory and equipment fastened securely are included in the insurance cover, also when securely stored outside of the yacht and during the winter storage.
• Sinking and flooding: All damages, including to engine, due to sinking and/or flooding are included in the insurance cover.
• Grounding and collision: Damages due to grounding or collisions with floating objects are insured, including damage to propellers and rudder.
• Construction and material defects: Damages arising from faulty construction, or material defects, and normal wear and tear are excluded but this exclusion only applies to the defective part. Often the expensive consequential damages are fully covered.
• Engine clause: Total engine cover is possible!

Should you have further questions regarding the Pantaenius Yacht Hull Insurance, please contact our sales team.