Insurance Services

Marine vessels are exposed to a wide range of risks during navigation. The most effective way to mitigate these risks is not only by ensuring technical compliance of the yacht, but also by securing it with well-structured insurance policies. At Deniz Rüyası, we provide professional consultancy and policy management services for both private use and commercial operations.

Our services include guidance and coordination with insurance providers for:

– Hull and machinery insurance,

– Third-party liability policies,

– P&I (Protection & Indemnity) coverage,

– Mandatory supplementary insurances for countries such as Greece,

– Wreck removal coverage,

– Crew health insurance, and more.

We collaborate with reputable insurance brokers operating in Turkey and internationally, offering tailor-made solutions based on your yacht’s flag registration, tonnage, and operational purpose. Our goal is to ensure the most suitable and comprehensive coverage for your vessel.

Key Points How Does the Process Work?

Yacht and Usage Type Analysis

The insurance requirements are identified based on whether the yacht is for private or commercial use, its operational region, and technical specifications.

Selection of Policy Type

The appropriate insurance type is chosen—such as hull and machinery, third-party liability, P&I (Protection & Indemnity), crew coverage, or additional special coverages.

Quotation and Comparison Process

Offers are requested from relevant insurance companies and compared based on the scope of coverage and technical specifications.

Policy Issuance and Monitoring

The policy is issued in line with the selected offer. Follow-up services are provided for annual renewals and time-sensitive notifications.

Port-Compliant Documents and Approvals

Insurance documents are prepared in a format accepted by port authorities. Additional mandatory coverages are arranged for specific countries as needed.

Frequently Asked Questions

In which situations is insurance mandatory?

Insurance is required for commercial use, port entries, crossings to the Greek Islands, and certain flag registrations.

What is Third-Party Liability Insurance?

It is a type of insurance that covers damages the yacht may cause to third parties (people or property).

What does P&I insurance cover?

P&I (Protection & Indemnity) offers broad coverage, including environmental pollution, injuries, crew liability, employee rights, and legal compensations.

Why is wreck removal coverage necessary?

In the event of a sinking, this coverage is required by port authorities to cover the costly process of removing the wreck.

What happens if the insurance policy expires?

The yacht becomes uninsured and may be denied port entry or exit permissions. Therefore, timely tracking and renewal are crucial.

Knowledge Base

Term / Document	Explanation
H&M (Hull & Machinery)	It is a type of insurance that covers the yacht's hull, engine, and fixed equipment.
P&I (Protection & Indemnity)	It is a type of insurance that provides broad liability coverage, including compensation for crew, passengers, environmental damage, and third parties.
3rd Party Liability	It is a basic liability insurance taken out to cover damages the yacht may cause to another person or vessel.
Greek Compulsory Liability	It is a specially tailored third-party liability coverage that is mandatory in Greek ports.
Removal of Wrecks	It is a type of coverage that includes the process and cost of removing the wreck in case the vessel sinks.