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Catamaran insurance in Greece

DigiCare Insurance arranges hull, machinery and third-party liability cover for privately used sailing and power catamarans in Greek waters, Greek or foreign flag, on the same policy as our yacht insurance. The catamaran is insured at the value you agree, with every engine listed, and you see the terms and the IPID before you pay.

  • 100% of the agreed value on a total loss: both hulls, rig and every engine
  • Salvage up to the hull sum, plus 80% of what you spend to save the boat, on top
  • Third-party liability with legal costs and wreck removal inside the limit

Your deductible is set in your Confirmation of Cover; damage from a named windstorm carries a deductible of 10% of the hull value.

Get a catamaran quote

Reviewed by Costas Matheou, licensed insurance agent

Law 4926/2022, Art. 17

What the law requires and what we cover on a catamaran

Catamaran insurance in Greece is compulsory third-party liability for any catamaran over 7 m, plus optional agreed-value cover for both hulls, engines and rig. A catamaran over 7 m is a pleasure craft under Greek law, whether it sails or motors, so it must carry third-party liability insurance while sailing, moored or at anchor (Law 4926/2022, Art. 17). The minimum pays people on board and third parties. It pays nothing towards your own catamaran; hull cover is your choice.

Death or bodily injury

Greek legal minimum
€150,000 per person, €700,000 per event, €2,100,000 per insurance period

Our policy

Third-party liability, one limit per occurrence in your Schedule

Damage to property

Greek legal minimum
€150,000 per event, €450,000 per insurance period

Our policy

Inside the liability limit

Pollution

Greek legal minimum
€150,000 per event, €450,000 per insurance period

Our policy

Sudden and accidental pollution, inside the liability limit

Both hulls, deck and structure

Greek legal minimum
Not required

Our policy

Agreed value, total and partial loss

Every engine and the generator

Greek legal minimum
Not required

Our policy

Part of the insured vessel; list each engine when you ask for a quote

Sails, mast, rigging, equipment

Greek legal minimum
Not required

Our policy

Part of the insured vessel; not while racing unless endorsed

Tender and outboard

Greek legal minimum
Not required

Our policy

Covered with the catamaran; not while being towed

Salvage and saving the boat

Greek legal minimum
Not required

Our policy

Salvage up to the hull sum; 80% of what you spend to save the boat, paid on top of the hull sum

Collision with another vessel

Greek legal minimum
Not required

Our policy

Up to the hull sum, plus defence costs

Paid private crew

Greek legal minimum
Not required

Our policy

Crew liability extension, when shown in your Schedule

Personal belongings, medical payments, towing

Greek legal minimum
Not required

Our policy

Optional; belongings up to USD 5,000 per item

A section applies only when your Schedule shows a sum for it. We ask for a liability limit at or above the Greek minimum when we quote. This cover is for owners: if you are renting a catamaran for a holiday, it does not apply to you.

Catamaran insurance cost

What sets the price of your catamaran cover

There is no fixed price. The underwriter rates each catamaran on its own details, starting from its agreed value rather than its length. The quote is free and commits you to nothing.

  • 12-month cover, paid by bank transfer
  • Quote from one questionnaire
Get a catamaran quote

  • The catamaran

    What we ask
    Sail or power, builder, model, year, length, hull material, top speed

  • Agreed value

    What we ask
    What you and the underwriter agree the boat is worth, with equipment; the percentage deductible is taken from it

  • Engines

    What we ask
    Each engine: power, fuel, year and value

  • Tender

    What we ask
    The tender and its outboard

  • Mooring and lay-up

    What we ask
    Marina or port, afloat or ashore, lay-up months

  • Cruising area

    What we ask
    The navigational limits in your Confirmation of Cover

  • Skippers

    What we ask
    Each named operator: certificates, experience, previous boats, claims

  • Sections and deductible

    What we ask
    Each section you add; a hull deductible of 1% to 5% of the hull value, higher lowers the premium

Quotes are for 12 months, in euro, paid by bank transfer against the invoice.

Underwritten by Lloyd's underwriters and arranged by London Marine Insurance Services, a Lloyd's-accredited broker.

Private use only

Which catamarans we insure

Sailing catamaran over 7 m, private use
Required: Liability compulsory (Art. 17); we quote hull and liability
Power catamaran over 7 m, private use
Required: Liability compulsory (Art. 17); we quote hull and liability
Greek, EU or non-EU flag
Accepted: Yes, subject to the underwriter
Owner living outside Greece
Accepted: Yes, subject to the underwriter; sanctions rules apply
New or used catamaran you are buying
Accepted: Quote before handover; photos or a survey may be asked
Catamaran leaving a charter fleet for private use
Accepted: Private use from the start date; a survey may be asked
Delivery voyage to Greece
Other: Ask in the quote form; the underwriter sets the limits
Year-round liveaboard
Other: Declare it in the questionnaire
Racing and regattas
Other: Only by endorsement; sails and rigging excluded while racing
Catamaran under 7 m
Other: Ask in the quote form
Charter fleet or management contract
Other: Not offered
Private catamaran used for paid trips
Other: Not allowed in Greece (Art. 3(6)(δ)); not insurable
Trimaran
Other: Not insured

A catamaran in bareboat or skippered charter is insured under the charter operator's fleet policy, not this one.

Exclusions

What catamaran insurance does not pay

  • Wear and tear, osmosis, electrolysis and lack of maintenance
  • Latent or design defects
  • Charter or any paid use
  • A skipper who is not a named, approved operator
  • Racing, unless endorsed; single-handed sailing, unless approved
  • Sailing outside your navigational limits
  • Using or living aboard during a declared lay-up
  • A catamaran that is not seaworthy or properly crewed
  • Theft without visible forced entry; unexplained disappearance
  • Damage to the tender while it is towed
  • Named windstorm damage without the approved storm plan
  • Trimarans

Example repair

€18,000

You · €4,500Underwriter · €13,500

The deductible is the part of each hull claim you pay. On an agreed value of €450,000 with a 1% deductible, an €18,000 repair costs you €4,500 and the underwriter pays €13,500. Under the London Marine policy wording, deductibles run from 1% to 5% of the hull value, and 10% for a named windstorm.

4 steps

How to insure your catamaran online

  1. 01

    Fill in the questionnaire

    Choose catamaran, then the boat, each engine, its value, mooring, cruising area, skippers and past claims.

  2. 02

    Get the terms and the IPID

    Before you pay. The underwriter may ask for photos, a survey or a skipper's CV; a survey must reach it within 45 days of the start date.

  3. 03

    Pay by bank transfer

    For 12 months, against the invoice. Cover starts on the date in your Confirmation of Cover.

  4. 04

    Keep the certificate on board

    Greek law accepts an insurance certificate in Greek or English, kept on board (Art. 17(1)).

Documents: registration or flag certificate, each skipper's licence (Greek or ICC/RYA) and sailing CV, a recent survey or photos, the marina or mooring contract.

  • Registration
  • Skipper licence
  • Survey or photos
  • Mooring contract

Claims

If your catamaran is damaged

Report it to London Marine as soon as you can and take reasonable steps to limit the damage; the underwriter pays 80% of what you spend to save the boat, on top of the hull sum. Let the underwriter inspect the boat before it is repaired or moved, send at least two repair estimates, and do not admit liability without consent.

  • Legal action on a claim within 1 year
  • English law, arbitration in London
Get a catamaran quote

FAQ

Questions about catamaran insurance in Greece

Is catamaran insurance compulsory in Greece?
Yes, for any catamaran over 7 m, sail or power: it is a pleasure craft and needs third-party liability cover at the minimums of Law 4926/2022, Art. 17, in force since 1 June 2022. A catamaran classed as a speedboat needs it at any length (Art. 74). The old rule of Law 4256/2014 no longer applies. Hull cover is your choice; for other boats see yacht insurance.
Do you insure catamarans in a charter fleet or under a management contract?
No. We insure privately used catamarans only: no bareboat, skippered or crewed charter, and no charter-management programmes. A private-status yacht of any flag may not be chartered or used for paid trips in Greece anyway (Law 4926/2022, Art. 3(6)(δ)). If your catamaran leaves a fleet for private use, we can quote it from the date private use starts.
Is a catamaran insured on its length or its value?
On its value. The policy is agreed-value: you and the underwriter fix what the boat is worth at the start, that sum is paid on a total loss, and the percentage deductible is taken from it. Include equipment, every engine and the tender when you set it.
Are both engines covered?
Yes. The insured vessel includes her machinery, sails, mast, rigging and equipment, and the questionnaire lists each engine with its power, fuel, year and value. Accidental damage is covered; wear and tear, gradual deterioration, electrolysis and latent defects are not.
How much does catamaran insurance cost in Greece?
Catamaran insurance in Greece has no fixed price: the underwriter rates each boat on its agreed value, engines, mooring and lay-up, cruising area, skippers, claims history and the deductible, so we publish no average. Cover runs 12 months and is paid by bank transfer; the free quote shows the price for your catamaran.
Do you insure trimarans and other multihulls?
Catamarans, yes; the questionnaire asks for the hull type. Trimarans are not insured under this policy.
Who may skipper the catamaran? Do I need a sailing CV?
Only the operators named and approved on your policy. The underwriter may ask for each skipper's licence, experience on comparable boats and claims record before cover starts. Single-handed sailing is covered only if the underwriter approves it.
Are storms, meltemi and medicanes covered?
Storm damage is covered as accidental damage and takes your normal hull deductible. Damage from a named or numbered windstorm carries a deductible of 10% of the hull value and needs a storm plan agreed with the underwriter before windstorm cover applies.
Do I need a survey?
Only if the underwriter asks, which is common for older and ex-charter catamarans. The survey must reach the underwriter within 45 days of the start date and its recommendations must be carried out within 30 days; otherwise the policy is void from the start. Photos of the boat are often asked within 14 days.
Can I insure a new catamaran before handover or for the delivery voyage?
Ask in the quote form and give the boat's location and route. The underwriter decides each case; cover starts on the date in your Confirmation of Cover and applies only inside the navigational limits it sets.
Can I live aboard my catamaran?
Tell us in the questionnaire, which asks about year-round liveaboard. If your policy has a lay-up period, the boat may not be used or lived on during it.
Is it better to buy online, through a local agent or a marina broker?
Online with us you get the terms and the IPID before paying, and London Marine handles claims for the Lloyd's underwriters; the insurer pays our commission. A local tied agent sells the Greek insurers it represents. A broker compares several insurers for you under a written mandate and may charge a fee.
Important information

Cover is underwritten by Lloyd's underwriters and arranged by London Marine Insurance Services. Terms, exclusions and limits are in the policy documents (IPID and policy wording) provided in English before purchase. We insure privately used catamarans only; catamarans in charter are not covered.

The policy is governed by English law; disputes go to arbitration in London.

Greek law requires third-party liability insurance for pleasure craft over 7 m, including catamarans, and for all speedboats (Law 4926/2022, Art. 17 and 74). Keep your insurance certificate on board.

DigiCare Insurance is a licensed insurance intermediary. Legal information · How we review content

Complaints: contact us first; you can also turn to the Consumer Ombudsman (Συνήγορος του Καταναλωτή).

Reviewed by Costas Matheou, licensed insurance agent · Last updated: