C1 Broker, Insurance Broker, offers you the best Insurance for Boats, motor boats, sailing, yachts, jet skis ...
The best protection for your motor boat or sailboat.
At C1 Broker, Correduria de Seguros, we are specialists in insurance for pleasure boats.
At C1 Broker, Insurance Brokerage, we have several clients with pleasure boats in the ports of the Canary Islands and also in the Peninsula who have chosen us as a mediator for their nautical insurance. We offer a highly personalized service and inform the client of everything that can happen at sea and what are the best ways to insure their boat.
If you plan to insure your boat, it is a good idea to take into account several points that can help you choose the best insurance and the best coverage. We have also prepared this section for you on our website, which obviously does not dispense with personalized consultation. Each boat and each client has their specific needs and the solutions must be studied individually: only in this way can we guarantee that you have the correct coverage and that you are not paying for something you do not need, but that you have the correct coverage ...
Boat insurance and its modalities
At c1 Broker, we have the insurance answer you need, with which you guarantee your safety at sea and the integrity of your boat. Navigate calmly, safe from any unforeseen event or breakdown. And when you go sailing, just enjoy the waves, the wind in your face and that horizon that always awaits you ...
The answer to your needs:
Assistance at sea 24 hours a day, 365 days a year
Automatic coverage up to 200 miles expandable with maximum protection.
Compensation for partial breakdowns at a new replacement value regardless of the age of the boat.
Possibility of contracting the English conditions (Institute Yacht Clauses) for all boats whose insured value exceeds € 20,000.
The value we assure is the actual value of the boat, not the new value, which simplifies hiring and lowers the price of your premium.
You can contract with or without a franchise and choose from several franchise options.
There are basically two types of Civil Liability contracts:
the obligatory one (only covers damages to third parties, up to the limit established by law - Royal Decree 607/1999 of April 16);
and the volunteer, who guarantees the damage of the boat. A deductible (that is, a deductible amount, payable by the insured) may be applied on voluntary insurance.
To deal with possible claims, it is necessary that the skipper who governs the boat is in possession of the corresponding title that enables him to do so (PNB, PER, etc.) and that he has passed all the inspections required by the competent authority and that he has the documentation necessary to navigate. The navigation radius covered by the policies is agreed upon in each one of them.
Only those boats on the 7th list can be guaranteed, which are intended for exclusively private and recreational use (with motor or sailing propulsion), and those used for other purposes (professional) are therefore excluded from this modality. , such as fishing for sale to third parties, sports, etc ...)
The usual thing is to assign a value to the hull and keel; and another to the engine (or to the sails, declaring them one by one). Normally, these values have to coincide with the replacement costs of such goods. At the time of contracting the policy it is very important not to forget which are each and every one of the gear and accessories that are not attached to the hull (except in the event that their insurance is not desired), since -if it occurs the claim - the insurer will not be liable for the damages incurred therein.
"Spanish Clauses" Vs. "English Clauses"
In addition, there is another distinction, which is applied depending on which are the applicable clauses or stipulations: the so-called "Spanish clauses" and the "English clauses". Even though its origin was not the current one, nowadays it is usually considered included within the first to any policies drawn up in our country.
However, the latter have - with exceptions - a broader framework of guarantees, and were drawn up at the time by the Institute Yacht Clauses in London. The practical difference between the "Spanish clauses" and the "English clauses" is that the English ones allow you to agree on a value for a boat. The Spanish no, they take the market value of the ship.
If the opportunity exists, it is always better to take out an insurance with English clauses.
At C1 Broker, we offer you the possibility of contracting the "Spanish clauses" or the English clauses (Institute Yacht Clauses) for all vessels whose insured value exceeds € 20,000.
Damages caused by the following contingencies are usually guaranteed: shipwreck, dumping (the action and effect of throwing cargoes and other things that weigh on the ship into the sea, when it is necessary to lighten it, so that it does not perish due to the storm), stranded, stranded, collision with a fixed or floating object, temporary, sinking that is not due to poor maintenance of the boat, theft in a guarded and closed place, and malicious acts of third parties. Among the notable coverage exclusions, it is worth mentioning -among others- the damage caused to the sails torn by the wind, detachment of outboard motors, faulty maintenance of the boat, purely mechanical breakdowns of all kinds, serious negligence, breakdowns produced when leaving the ship anchored in beaches or coves without assistance, etc ... ...
Let us also note that in the event of a total loss, caused by a breakdown covered in the policy, compensation is usually made by the market value, a deduction made from the value of remains, which will always remain in the possession of the insured. In the event that the accident occurs abroad, the insured can go to one of the breakdown certification entities (called Breakdown Commissioners -they are experts in the Transportation and Ships Branch-), who will take care of process the corresponding assessment and send it to the insurance company.
Documentation and infractions
According to Law 27/1992, of November 24, on State Ports and the Merchant Navy, it is mandatory to have proof of payment of the insurance premium for the current period on the boat, it will prove its validity, provided that contains at least the following specifications:
The insurance company that underwrites the coverage.
Sufficient identification of the insured vessel.
The coverage period with indication of the date and time when its effects begin and end.
The indication that it is the compulsory insurance coverage.
This documentation must be on board the boat. If it is required by the competent authorities and said documentation is not found on board, the policyholder will have five business days to justify the validity of the insurance before them. The navigation of pleasure boats that are not insured in the established way, will suppose a serious infringement in accordance with the provisions of Chapter III of Title IV of Law 27/1992, of November 24, on State Ports and Merchant navy.