Recreational craft insurance

If you own a motorboat, rowboat, sailboat, yacht, or any other small craft for leisurely outings or sailing sports, you know how valuable a smooth, hassle-free experience on the water can be. To protect against unexpected events — whether at sea or in the harbor — recreational craft insurance is a smart choice.

What types of watercraft can be insured?

Wind and/or motor-powered watercrafts

You can insure recreational craft powered by wind and/or motor that are used for personal leisure — such as sailboats, yachts, sailing vessels, motor sailers, motorboats, and speedboats.

Wind-powered watercrafts

We insure wind-powered craft, including those used in competitive sailing — such as dinghies, keelboats, racing yachts, and other types of sailboats.

Human-powered craft (no sail or motor)

We also insure boats that rely solely on oars for movement — such as rowboats. If your craft doesn’t have a sail or motor, it can still be covered.

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You can choose between all-risk coverage and partial coverage when insuring your small craft, boat, or sailboat. All-risk coverage applies both on water and on land, offering comprehensive protection. Partial coverage, on the other hand, is valid only on land and is a suitable option if your boat is stored ashore and you don’t plan to use it for a while.

What's covered? All-risk coverage Partial coverage
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Terms & Conditions

Each insurance policy includes specific insurance terms that we rely on when indemnifying damages when an insurance event occurs. Please make sure you have read the risks, exceptions, insurance events, etc. in the insurance terms.

Recreational craft insurance terms and conditions

  • Recreational craft insurance conditions (in Estonian) TB-20181
  • Conditions of liability insurance of the possessor of recreational craft TPV-20181
  • General insurance conditions TG-20211
  • General insurance conditions (for policies, issued before 01.12.2021) TG-20181 

Liability coverage for damage caused to others

Recreational craft liability insurance

If you accidentally cause an incident with your recreational craft that results in damage to someone else’s property or injury to a person, you may be held liable for compensating the loss.

In such cases, recreational craft liability insurance — commonly known as third-party liability insurance — can help cover both property damage and personal injury (such as medical expenses or loss of income). The insurance also covers legal and court-related expenses.

Liability insurance is often required by regatta organizers, but we recommend it for all recreational craft owners — accidents can happen unexpectedly, and while they can’t always be prevented, you can be prepared for the consequences.

 

Please note:
  • The insured person is the legal owner of the recreational craft as stated in the policy.
  • The recreational craft must be properly registered and must have passed inspection in accordance with applicable regulations and within the required time frame.
  • An insured event is defined as a sudden and unforeseen accident.
 Read the terms and conditions of recreational craft liability insurance

Situations where boat insurance has your back

Collisions and underwater obstacles

Lake and sea bottoms can be rocky, and floating logs — often lost during cargo transport — can appear out of nowhere. In such cases, even skilled skippers may find it impossible to avoid impact. This is especially risky for boats with outboard motors.

Storms and fire

Weather can be unpredictable. Sudden storms or severe lightning can strike while you're out at sea. Fires may also break out due to faulty wiring, leaking fuel, or cooking gas. With all-risk coverage, your insurance protects against fire and lightning damage, as well as storm-related damage to sails and the vessel itself.

Theft, robbery or unlawful use

Unfortunately, boats do get stolen. Outboard motors and other equipment are common targets. Sometimes the stolen items are never recovered, or they’re returned damaged. In these cases, your recreational craft insurance helps cover the loss or damage.

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How to stay safe on the water and on shore

Recreational craft insurance FAQ

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What else can you do to protect yourself from unexpected costs, if something happens to your property or you get injured in an accident? Protect your peace of mind with insurance — it helps you cope with the aftermath of accidents.