Many people wonder whether a boat insurance policy is mandatory. However, a boat insurance policy is not mandatory in the Netherlands to conclude. In certain situations you are obliged to take out a Legal Liability Cover (WA). Think of a boat storage, marina or some parts of a sailing area.
There are various types of boat insurance policies. You can only insure your boat with a WA coverage or additional cover. With a boat insurance, the more extensive the cover, the higher the costs are. The cheapest insurance policies are therefore mostly WA insurance policies. But a liability insurance does not cover all risks.
Small boats with less 4 horsepower do not have to be insured under WA. In some cases this is covered by the private liability insurance, provided you have closed it. This can vary per insurer. So if this is not covered by your private insurance, it is always wise to take out a third-party insurance cover.
The purchase value of a new boat is the current value. With a second-hand boat, this is the current value and / or appraisal value from an appraisal report or the amount for which you purchased the boat.
Do you often go abroad with your boat? Or is your permanent berth outside the Netherlands? Then it is advisable to look at the coverage area of your insurance in the country where your boat is staying. Other rules often apply abroad. In some countries it is mandatory to insure your boat. This applies, for example, in Spain, Italy, Greece and Croatia. To insure your boat abroad, you need an international insurance certificate. You must be able to show this proof when you launch your boat abroad. You can request the international insurance certificate from the insurer. Do this timely so that you can take it with you at the time of departure.
Are you looking for an insurance company? Always think about your personal situation when taking out insurance.