New Rules About Yacht Insurance

It is compulsory to have yacht insurance coverage, proof of which must be presented on arrival in Greece. Failure to show proof of insurance to the Port Master will result in a penalty of €150. In addition, the Port Master can restrict the sailing permit of the yacht till proof of insurance is provided.

For yachts less than 300 Gross tonnage, the lower minimum coverage limits per risk, that will apply from June 1 / 2022 are as follows: 

a. Civil liability for death or personal injury of passengers and third parties: one hundred and fifty thousand (150.000) euros, per person and seven hundred thousand (700.000) euros, per incident and two million one hundred thousand (2.100.000) euros in total for the entire insurance period. 

b. Civil liability for material damages of passengers and third parties: one hundred and fifty thousand (150.000) euros, per event and four hundred and fifty thousand (450.000) euros in total for the entire insurance period 

c. Civil liability for sea water pollution: one hundred and fifty thousand (150.000) euros, per event and four hundred and fifty thousand (450.000) euros in total for the entire insurance period • Kindly ask your insurance company to issue an Attestation • Our company also provides Insurance Services