SoEasy Insurance Brokers Ltd is launching an innovative Yacht Insurance package designed to meet every need of sea enthusiasts in Cyprus.

This comprehensive protection solution is ideal for every yacht owner who wants to enjoy the sea with safety and confidence.

The new program covers all types of boats that someone might own in Cyprus—ranging from speedboats with speeds over 17 knots, low-speed motorboats, and sailboats of all sizes, to jet skis, sea scooters, private non-motorized boats, and crewed tourist passenger vessels.

The new insurance product offers comprehensive protection against every risk!

The basic coverage plan includes protection against damages and risks at sea, on rivers and lakes, as well as fire and explosions in any environment. It also covers damage from collisions with port facilities.

But the basic coverage doesn’t stop there. The new SoEasy Insurance Yacht Product also covers natural disasters, total or partial theft, malicious acts, piracy, salvage and rescue expenses—and includes optional coverages for a more personalized protection package.

In addition to the basic coverage, clients can choose from a range of optional coverages, including mechanical breakdowns, personal belongings on the boat, damages during road transport of the vessel, special coverage for race participation, third-party liability for water skiers, high-speed boat clause for vessels over 17 knots, and coverage for war and strikes.

SoEasy Insurance also offers strong third-party liability coverage for those traveling in Greek Territorial Waters, in accordance with the requirements of the new Law No. 4926/2022, with limits up to €2,100,000 for bodily injury or death, up to €450,000 for material damages, and €450,000 for marine pollution.

The program covers Cypriot territorial waters, excluding areas controlled by Turkish forces, ensuring security in the favorite sailing areas of Cypriots.

In case of an accident, policyholders can immediately contact the company for quick service and guidance. SoEasy Insurance has developed a simplified claims process, aiming for faster customer service.

The claims submission process is equally simple: policyholders notify the company immediately after an incident by calling 77776868, and the SoEasy team handles everything from that point onward. This service is available 24/7.

SoEasy Insurance CEO Yiannis Nicolaou stated about the new product: “We understand that every yacht and every owner has unique needs. That’s why we created a flexible program that can be tailored to the requirements of each client.”

With this innovative approach, SoEasy Insurance continues to expand its range of specialized products, meeting new demands in an ever-evolving market.

For more information about Yacht Insurance, you can contact one of our specialized Insurance Intermediaries or visit our website at: https://soeasyinsurance.com.cy/yacht-insurance/