INSURANCE

YACHT INSURANCE BY ALTINEL

Altinel is the only yachting company in the industry with an in-house team of yacht insurance professionals, licensed both in Europe and North America.

Over the course of the last 10 years, Altinel has provided expert advice on risk management and loss mitigation to over 600 yachts worldwide. We have established relations with the world’s leading insurers and first class International Underwriters with whom we have collaborated in designing our own tailored wordings to better serve our client’s interest.

“Without insurance the ownership of a yacht is inaccessible and too risky to bear. Insurance is the element that enables people the opportunity to protect their assets and to truly focus on living the dream”

OUR STRATEGY

We intend to secure your vessel’s safety through the knowledge of our yacht managers and insurance specialists to minimize any risk of loss and damage to your yacht.

The level of quality we strive to provide to our insurance Underwriters far surpasses any other. We are here as your advisors.

As a company we are able to offer a better judgment from our involvement in the marine industry. You can trust we will know your vessel and we will work with your crew to better improve the insurance service. This involvement brings more trust and reliability on our relations with the insurance Underwriters because they understand that Altinel as your advisors and as your company will have your best interest in mind and will protect your vessel unlike anyone else.

As part of our program, Altinel is putting together different benefits that can be useful for our team and your crew with the purpose of educating and preventing any dangerous circumstances.

- We will provide claims prevention educational presentations and useful tips throughout the years.

- 24/7 consulting on different areas of interest such as destinations, coast guard, compliance assistance, safety management, and technical management.

- Up to date advise on the main areas of concern surround the world such as critically terrorized areas and high danger zones.

- Worldwide support in yacht insurance

OUR PRODUCTS

HULL & MACHINERY

Protection against partial damage, total loss, damages to fixtures and fittings, tenders, water sports equipment and electronics.

PROTECTION & INDEMNITY

Protection against potential third party liability exposures such as collision liabilities, pollution, wreck removal, legal defense costs, waters ports liabilities and uninsured boaters.

CREW MEDICAL

Protection for crew including health plan, medical expenses due to death or injury.

SHIP REPAIRS LIABILITIES

Protection for Yards and Contractors legal liabilities as ship repairers for:

Loss of or damage to any vessel being worked upon including shifting and moving within the limits of the port at which the work is being carried out and including sea trials
Loss of or damage to machinery or equipment of any vessel the Contractor is working on
Loss of or damage to third party property occurring in the course of or arising from the ship repairing operations resulting from negligence of the Yard or Contractor, his servants, agents or sub-contractors.

BUILDER RISKS

Protection for the construction of a new building project, or the project of a major conversion or refit. The vessel can be covered from physical loss or damage, as well as the liabilities of the Owner to third parties, against all risk. The cover will include: Faulty Design, Pollution Liability, Liabilities to Third Parties, Legal Defense Costs

CHARTERER’S LIABILITIES

Protection against any damages and liabilities that may arise during a charter of a non-owned vessel.

LOSS OF CHARTER HIRE

Insurance to protect you against loss of income resulting primarily from physical damage to the insured vessel or any circumstances that prevent the vessel from executing a scheduled charter.

BREACH OF WARRANTY

Cover issued to protect a lienholder or lessor’s interest that causes the policy to continue to protect the financial interest even when the insured breaches a condition. Any loss recoveries under this clause are payable only to the lienholder or lessor.