Proper yacht insurance is not just a legal requirement—it's essential protection for your valuable asset. This guide explains the different types of yacht insurance available in Montenegro, what they cover, and how to choose the right policy for your needs.
Types of Yacht Insurance
Third-Party Liability (TPL)
Mandatory coverage for damage to other vessels, property, or persons.
- • Collision damage to other boats
- • Marina/dock damage
- • Personal injury to third parties
- • Pollution liability
Hull Insurance (Casco)
Comprehensive coverage for your yacht against damage and loss.
- • Storm and weather damage
- • Fire and explosion
- • Theft and vandalism
- • Grounding and sinking
Additional Coverage Options
Crew Insurance
Medical and liability coverage for crew members
Personal Effects
Coverage for belongings on board
Salvage & Towing
Emergency assistance coverage
Insurance Costs
| Yacht Value | TPL Only | Full Coverage |
|---|---|---|
| Up to €50,000 | €200-350 | €750-1,750 |
| €50,000-200,000 | €300-500 | €1,500-5,000 |
| €200,000-500,000 | €400-700 | €4,000-12,000 |
| Over €500,000 | €600+ | Custom quote |
Tip: Premiums can be reduced by 10-20% with safety equipment (AIS, EPIRB), clean claims history, and experienced skipper certification.