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Superyacht insurance in Greece

DigiCare Insurance arranges superyacht insurance for yachts over 24 metres or worth more than €5 million in Greek waters: hull and machinery at an agreed value, P&I and crew cover, placed with specialist London-market firms. Each programme is quoted individually, at an indicative 0.5% to 2% of the agreed value a year, and the insurer is named in writing before you pay. For smaller boats, see yacht insurance in Greece.

  • P&I up to USD 500 million standalone, up to USD 1 billion for larger yachts, depending on the route
  • Hull and machinery insured on an agreed-value basis, set with the underwriter
  • Crew liability, guest and crew medical and personal accident in the same programme

Limits, deductibles and terms are set yacht by yacht and stated in your documents.

Request a superyacht quote

Reviewed by Costas Matheou, licensed insurance agent

Law 4926/2022 and P.D. 6/2012

What a superyacht programme covers, and what Greek law requires

Every pleasure craft over 7 m in Greek waters, whatever its flag, must carry third-party insurance with the certificate on board (Law 4926/2022, Art. 17). Under 300 gross tonnes the law sets fixed minimums. At 300 gt and above, P.D. 6/2012 applies: the insured amount must reach the LLMC 1996 limit as amended from 8 June 2015, which for yachts of 300 to 2,000 gt is 3.02 million SDR for injury claims and 1.51 million SDR for property claims per incident.

Third-party liability and P&I

Greek rule under 300 gt
Injury €150,000 per person, €700,000 per event, €2,100,000 per period; property and pollution each €150,000 per event, €450,000 per period
Greek rule 300 gt and above
The LLMC 1996 limit for the yacht's tonnage, certificate with the IMO number

Our programme

P&I limits by route, up to USD 1 billion for larger yachts (see Routes)

Hull and machinery

Greek rule under 300 gt
Not required
Greek rule 300 gt and above
Not required

Our programme

Agreed value, set with the underwriter

Crew liability

Greek rule under 300 gt
Not set by these liability rules
Greek rule 300 gt and above
Not set by these liability rules

Our programme

Available as a layer

Guest and crew medical

Greek rule under 300 gt
Not set by these liability rules
Greek rule 300 gt and above
Not set by these liability rules

Our programme

Available as a layer

Personal accident

Greek rule under 300 gt
Not set by these liability rules
Greek rule 300 gt and above
Not set by these liability rules

Our programme

Available as a layer

War risks, piracy included

Greek rule under 300 gt
Not set by these liability rules
Greek rule 300 gt and above
Not set by these liability rules

Our programme

Available as a layer; terms follow the itinerary

Kidnap and ransom

Greek rule under 300 gt
Not set by these liability rules
Greek rule 300 gt and above
Not set by these liability rules

Our programme

Available as a separate cover

Loss of charter hire and charterers' liability

Greek rule under 300 gt
Charter only for professional status
Greek rule 300 gt and above
Charter only for professional status

Our programme

Available for chartered yachts, with the underwriter's approval

Builder's risk, refit and yard periods

Greek rule under 300 gt
Not set by these liability rules
Greek rule 300 gt and above
Not set by these liability rules

Our programme

Available with the programme or on its own

Personal effects and fine art

Greek rule under 300 gt
Not set by these liability rules
Greek rule 300 gt and above
Not set by these liability rules

Our programme

Scheduled items, agreed values

Older figures quoted online (€50,000 per passenger, €500,000 per event) come from repealed Law 4256/2014. A private-status yacht may not be chartered in Greece (Art. 3(3)(δ)). Only need the compulsory minimum? See third-party liability for boats.

Superyacht insurance cost

How much does superyacht insurance cost?

Superyacht insurance costs about 0.5% to 2% of the agreed value a year: our indicative estimate as of 16 October 2026, not an insurer quote. The underwriter sets the rate from the yacht's value, age and build, flag, private or charter use, crew, cruising area, claims history and the layers you choose.

  • Each programme quoted individually
  • Terms in writing before you pay
Request a superyacht quote

  • €5,000,000

    Indicative annual premium
    €25,000 to €100,000

  • €10,000,000

    Indicative annual premium
    €50,000 to €200,000

  • €20,000,000

    Indicative annual premium
    €100,000 to €400,000

  • €40,000,000

    Indicative annual premium
    €200,000 to €800,000

Indicative figures, not a quote: your premium comes back with the written terms. Taxes, where they apply, are shown on the quote.

The examples apply the percentage only; the layers in your programme, the deductibles and the underwriter's terms set the premium.

London-market specialists

Which firm places your yacht, by value and waters

Under €5 million agreed value
Elsewhere or not placed: London Marine Insurance Services Ltd facility, or Coast in Europe and the Mediterranean; see our motor yacht, sailboat and catamaran pages
Europe and the Mediterranean, up to €5 million, or below €10 million through market access
Placed: Coast (Fifty North Group Limited)
Europe and the Mediterranean, up to €20 million and 50 m
Placed: Tide (Tide Opco Limited); P&I up to €100 million
Above €10 million, worldwide, no maximum
Placed: Tysers Insurance Brokers Limited, a Lloyd's broker; P&I up to USD 500 million standalone, USD 1 billion for larger yachts
$5 million to $10 million, cruising outside Europe and the Mediterranean
Elsewhere or not placed: No standing route; send the details for review
Professionally operated (charter), Greek or foreign flag
Placed: Any route above, with charter layers, subject to the underwriter's approval
New build or refit
Placed: Builder's risk or refit cover on the matching route
Russian flag, or an owner on a sanctions list
Elsewhere or not placed: Not accepted; every enquiry is screened

We choose the route and stay your contact. Under €5 million, see motor yacht insurance, sailboat insurance or catamaran insurance.

Exclusions

What we cannot place

  • Yachts under the Russian flag
  • Owners or beneficial owners on a sanctions list
  • Yachts of $5 million to $10 million cruising outside Europe and the Mediterranean: no standing route, send the details for review
  • Charter of a private-status yacht in Greek waters

These are acceptance rules of the firms we place with and of Greek law; the programme's own exclusions are in your policy wording.

5 steps

How a superyacht quote works

  1. 01

    Send the enquiry

    Owner, captain, yacht manager, broker or family office; the proposal names the owner or owning company.

  2. 02

    We choose the route

    By agreed value and cruising waters, after screening.

  3. 03

    Underwriters review

    They read the submission and may ask for a survey.

  4. 04

    Written terms

    Sent to whoever enquired, firm and insurer named.

  5. 05

    Cover starts

    On the date in your documents, after acceptance and payment. Keep the certificate on board; from 300 gt it shows the IMO number and insurer's address (P.D. 6/2012, Art. 6).

Send the current schedule and renewal date, the latest condition and valuation survey, the crew list, and flag, registry and gross tonnage; add the management company and ISM status if any.

  • Schedule
  • Survey
  • Crew list
  • Registry

Builder's risk

New build, refit and yard periods

Builder's risk covers a yacht in build; refit and yard-period cover protects an existing yacht during major works. The yard contract's liability and waiver terms affect the cover, so send it before you sign.

  • With the programme or on its own
  • Send the yard contract first
Request a superyacht quote

FAQ

Superyacht insurance: questions owners and captains ask

How much is insurance on a €10 million yacht?
Roughly €50,000 to €200,000 a year, about 0.5% to 2% of the agreed value, as an indicative range. The rate moves with the yacht, its flag, crew, use and cruising area. Your premium, for the layers you choose, is in the written terms.
What size or value counts as a superyacht or mega yacht for insurance?
There is no legal definition. We treat yachts over 24 metres or worth more than €5 million as this tier; superyacht and mega yacht insurance mean the same programme. Under €5 million, start with yacht insurance in Greece.
Does Greek law require insurance for a superyacht?
Yes. Every pleasure craft over 7 m must be insured, with the certificate on board in Greek or English (Law 4926/2022, Art. 17). Under 300 gt the minimums are €150,000 per person, €700,000 per event and €2,100,000 per period for injury, and €150,000 per event and €450,000 per period each for property and for pollution. From 300 gt, P.D. 6/2012 requires cover up to the LLMC 1996 limit.
What happens if the certificate is not on board?
Under 300 gt, the port authority bars departure until the certificate is produced, a certificate missing from on board costs a €50 fine, owner and skipper jointly liable; having no insurance in force at all costs the owner €150 and the skipper €100 per metre of length (Law 4926/2022, Art. 20). A Greek-flag yacht of 300 gt or more may not leave port without its certificate either (P.D. 6/2012, Art. 5).
What is the difference between P&I and third-party liability?
Third-party liability is the legal floor. P&I is the wider owner's liability programme: crew, guests, third parties, pollution and wreck removal, at much higher limits: up to USD 500 million standalone, or up to USD 1 billion for larger yachts, depending on the route and the underwriter.
Does the programme cover the crew?
Yes: crew liability, guest and crew medical and personal accident are layers of the same programme. The Maritime Labour Convention 2006, ratified by Greece with Law 4078/2012, applies to yachts ordinarily engaged in commercial activities, as the flag state decides. A professional yacht over 24 m registered for charter in Greece must also keep a set crew complement (Law 4926/2022, Art. 11); for foreign-flag yachts of 650 gt and above, the flag state sets it.
Can a captain or yacht manager request the quote for the owner?
Yes. A captain, yacht manager, broker or family office can send the enquiry. The proposal names the owner or owning company as the insured, the terms go to whoever sent it, and every enquiry is screened.
Can you insure a charter superyacht in Greece?
Yes, if it is professionally operated, under a Greek or foreign flag, and the underwriter approves: loss of charter hire and charterers' liability are added as layers. A private-status yacht may not be chartered in Greece. A foreign-flag professional yacht over 35 m (steel, GRP or aluminium) that does not meet the Greek professional-status conditions (Art. 3(2)(α)) needs a Specified Period Charter Permission for charters starting or ending in Greece, for up to 21 days a year, extendable by 7 (Law 4926/2022, Art. 8). More on charter yacht insurance.
Do you cover war risks, piracy and kidnap and ransom?
Yes, as layers. War cover includes piracy, and its terms follow the yacht's itinerary; kidnap and ransom is a separate cover for the owner and crew. Tell us the cruising plan with the enquiry.
Who underwrites the cover?
Insurers in the London and international markets, arranged by the specialist firm on your route (see Routes). Your written terms and policy documents name the insurer carrying the risk.
Can you insure the yacht during a refit or a new build?
Yes, on the matching route. Send the yard, the works schedule and the contract value before you sign the yard contract.
Important information

Superyacht programmes are arranged with Coast (Fifty North Group Limited), Tide (Tide Opco Limited) or Tysers Insurance Brokers Limited, by the yacht's value and waters, and underwritten by the insurers named in your documents. Yachts under €5 million are placed in the London insurance market through London Marine Insurance Services Ltd, a Lloyd's-accredited broker. Terms, exclusions and limits are in the policy documents provided before purchase.

Costs shown are indicative (about 0.5% to 2% of agreed value a year), as of 16 October 2026; your premium depends on the yacht, its use, crew, cruising area and the layers chosen, and is stated in the written terms.

Greek law requires insurance for pleasure craft over 7 m, with the certificate on board (Law 4926/2022, Art. 17); yachts of 300 gross tonnes or more fall under P.D. 6/2012.

Policy documents are issued in English.

DigiCare Insurance is a licensed insurance intermediary. Legal information.

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

Reviewed by Costas Matheou, licensed insurance agent · Updated: