Products - Tide Insurance Staging

The world’s oceans and seas can offer both extraordinary experiences and an incredible lifestyle. However, seas can be dangerous, and damage can be phenomenally expensive.

Tide Insurance understands that improving the marine insurance experience requires more than radical reinvention. It’s about making continuous and mindful revisions. By introducing incremental improvements and valuable enhancements to our products and services, we ensure a seamless experience that consistently delivers on both speed and value.

So, to cover the natural marine risks, Tide Insurance offers:

Full Yacht Insurance Package: Covering hull and machinery, and third-party liability insurance.
Protection and Indemnity (P&I) insurance: Covering the costs of any harm accidentally caused to people, property and the environment. (Available alongside Tide’s Yacht insurance policy).

Introducing

Yacht
 Insurance Package

We have developed a comprehensive yacht insurance package, tailored perfectly to the needs of yacht owners.

Yacht Product

Our signature policy provides clear and comprehensive support to give you confidence at sea or in port.

Our signature Yacht Insurance Package includes:

All risks and agreed value cover

Tenders, personal watercraft, water toys and bikes

Machinery breakdown cover for yachts up to 10 years old

Contents, personal items, valuables, fine art, wine

Routine annual maintenance

Static display at a boat show

Road transportation cover

Temporary substitute yacht

Tenders used independently of the main yacht

Third-party liability

Personal accident and medical expenses

Emergency medical evacuation and repatriation

Search and rescue

Yacht return transportation costs

Emergency and living expenses

The extensive Tide Yacht Insurance Package covers all the essential elements for complete yacht insurance.

Introducing

Tide
 P&I Product

P&I losses for harm accidentally caused to other people, property or the environment can dwarf the cost of a yacht. We offer third-party liability up to €100m.

Protection and Indemnity product

Tide’s P&I product offers you third-party liability for up to €100m.

Our Tide P&I policy includes:

Costs and expenses arising from legal liabilities to third parties caused by your yacht, its tenders or toys

Crew members are covered for personal injury claims, collision or pollution

Medical costs, sick wages, the costs of repatriating an injured crew member, hiring a replacement as well as compensation costs arising from illness, permanent injury or death

Your liabilities to a crew member, guest or any other person caused by tenders, toys and diving equipment used in conjunction with your yacht

War risks P&I cover

Legal defence costs

As yacht insurance specialists, we know the coverage yacht owners need to help them enjoy their beautiful yachts to the full extent.

Frequently Asked Questions

What is Tide? Is it a broker or an insurance company?

Tide is a Managing General Agent (MGA) authorised and regulated by the FCA in the UK. In Germany the supervisory authority responsible for the activity of Tide as an insurance agent is the Handelskammer Hamburg. As an MGA, Tide has the ability to design, underwrite, and manage insurance policies on behalf of our partner insurance companies. All Tide’s insurance partners operate within the Lloyd’s market, which holds an A+ financial strength rating.

What type of yachts does Tide insure?

Tide specialises in providing insurance for a wide range of yachts, including production yachts, semi-custom and custom yachts, up to 50 metres in length and with a maximum value of EUR/USD 20,000,000. Our policies cover both new and pre-owned yachts, including older classic yachts and catamarans.

How do I get a quote from Tide?

Tide works exclusively through authorised insurance brokers. To receive a quote, simply contact your insurance broker and request one from Tide. Your broker will gather the necessary details about your yacht and coverage needs to obtain a tailored quote. If you don’t already have a broker, we can assist you in connecting with one of our trusted partners. Your specialist insurance broker will guide you through the process and ensure that you receive the right coverage for your yacht.

What information does Tide need to provide a quote?

To offer a tailored quote, Tide requires key details about your yacht and its usage:

Yacht details: Make, model, year, and value of your yacht.
Usage: Whether the yacht is for private use, charter, or commercial purposes.
Location: Where the yacht is typically kept and operated.
Value: The current market value of the yacht.
Claims history: Any prior claims or losses related to the yacht.
Crew details: Information about the operator or Captain, including: experience, qualification and claims history.

Your insurance broker will help collect and submit this information on your behalf, so Tide can offer a tailored quote based on your specific needs.

How do I make a claim?

You can notify Tide of a claim by completing the first notification of loss form that can be found here. Other options to make a claim include speaking with your insurance broker. Contact details can be found on Page 2 of the policy schedule and on the Client Gateway) or you can contact the Tide claims team directly on +44 (0)330 043 5299 or email via [email protected]

Why does Tide ask about lithium-powered devices onboard?

There is an increasing use of lithium batteries on yachts – powering everything from water toys to essential equipment and even engines. While they enhance on-board experiences, these batteries also bring a real risk of fire and damage. By understanding the different lithium powered water toys, e-bikes, etc. that are onboard, Tide can provide practical risk management tips to help mitigate risks.