Third-party liability
The cover required by law to sail in Spain. It covers the capital set by Royal Decree and can be extended to the limit you need.
Specialist brokerage
Yacht insurance
Yacht insurance protects your boat and your liability as skipper. Through SYS Credit, our specialist leisure-marine brokerage founded in 2022, we compare cover and premiums to arrange the policy that best suits your boat and your sailing.
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What yacht insurance covers
Total loss and particular average
Damage from sinking, shipwreck, grounding, collision, fire, explosion or heavy seas.
Institute Yacht Clauses
The all-risk standard of the sea: loss, damage or theft covered at market value; anything not expressly excluded is covered.
Assistance at sea and towage
Towage to port after a breakdown or incident, up to the contracted limit.
Personal accident
Death, disability and assistance cover for skipper and crew.
Additional cover
Wreck removal and pollution, costs from the accidental activation of emergency devices (such as a beacon) and third-party claims.
WHY A BROKERAGE
The advantage of insuring with marine specialists
A brokerage does not sell one insurer’s policies: it compares them all and defends your interests, including when a claim comes. SYS Credit works exclusively with leisure marine, so it knows the real risks of every length, sailing programme and use (private or charter) and negotiates competitive premiums with specialist insurers. And if you finance your boat with SYS Finance, we coordinate insurance and finance in a single process.
Request your quote
Request your quote
FAQ
Frequently asked questions about yacht insurance
Is boat insurance compulsory in Spain?
Yes. Every motor leisure boat (and sailing boats over 6 metres) must carry at least compulsory third-party liability insurance to sail in Spanish waters.
What are the Institute Yacht Clauses?
They are the most complete all-risk cover on the marine market: loss, damage or theft of the boat at market value, and anything not expressly excluded is covered.
Broker versus insurer — what is the difference?
An insurer only offers its own products; a brokerage compares several companies, advises you independently and represents you in the event of a claim.
Can I insure a charter boat?
Yes. SYS Credit designs policies for both private use and charter operation, adjusting occupant and liability cover to the activity.