Big Yachts and Mega-yachts

Is it important for an insurer to know more about the crew of a luxury ship?

The answer is YES.

In case of big yachts and mega-yachts with values over 1,000,000€, the risk varies depending on if the crew is always on board, if the crew is permanently contracted or changes each year, if the crew navigates with the boat only when the owner is on board or also in his absence, if the yacht is used only one or two months of the year, etc..

Based on the answers to these questions, the insurer can establish a real risk that he has to cover and can perform a specific calculation of the premiums in relation to the insured risk.
 
Therefore, Gothaer created a questionnaire which we send to owners of large yachts and mega-yachts who want a binding offer for insurance.