Liability
- Collision and jetty damage
- No legal obligation
- Often required by the marina
Speedboat on the pleasure craft insurance
On a speedboat, underwriting turns on speed and engine power. That determines the premium, but also which exclusions apply: races, water-skiing and sailing without the required boating licence.
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- 9.5 customer rating for a new policy
- AFM licence 12016589
- Personal 072 - 509 24 56, weekdays 9–17
This page in another language: Nederlands
Work out for yourself what it would cost.
Enter your details; you will receive a proposal within one working day.
- We compare the offerings of several insurers
- An adviser checks whether the cover suits your situation
- We arrange the switch, including cancellation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
- Independent advice
- Several insurers
- Switching arranged
- Help with claims
In brief
The liability cover pays for damage you cause to others with the speedboat: a collision, damage to a jetty or a quay wall and injury to someone on another craft or in the water. On fast boats this section weighs heavily, because the likelihood of injury is greater. The cover is not compulsory by law, but marinas and slipways almost always ask for it.
The own-damage cover pays for damage to the boat itself: the hull, the engine, the steering gear, the instruments and the fixed fittings. The occupant cover is a separate section and pays a fixed amount on permanent injury to or death of people on board, regardless of who is at fault. On a speedboat that is not a superfluous addition: at high speed, people on board are injured precisely where there is no liable third party.
Pleasure craft capable of more than 20 kilometres per hour, or longer than 15 metres, are required to have the small craft boating licence. Almost every speedboat falls under this. Sailing without the required licence is an exclusion in the policy. See also the general pleasure craft insurance.
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What does insurance for a speedboat cover?
Three components that you choose separately, with an overview per situation below.
Own-damage cover
Damage to the boat, the engine and the fixed equipment.
- Fire, storm and sinking
- Theft
- Collision and grounding
Extensions
What you add separately.
- Trailer on the road
- Occupants
- Salvage and wreck removal
What is covered
| Situation | Liability | Own-damage cover |
|---|---|---|
| Damage to another vessel or a jetty | Yes | No |
| Theft of the boat or the outboard motor | No | Provided that |
| Fire and storm damage in the berth or ashore | No | Yes |
| Sinking through a leak or through rainwater | No | Provided that |
| Salvage and removal of the wreck | Provided that | Provided that |
| Osmosis, wear and deferred maintenance | No | No |
There is no statutory insurance requirement for pleasure craft. The WAM applies only to motor vehicles. Marinas, harbours and hire companies do generally require liability cover. Pay attention to the sailing area described and to the lay-up or winter storage period: outside the sailing area or during undeclared storage, cover may lapse.
What is actually covered, including exclusions, limits and the excess, is set out in the policy conditions and the insurance card (verzekeringskaart) that you receive before you take out cover.
What does your premium depend on?
- Engine power and top speed: the heaviest factor on fast boats
- Insured value: purchase value or valuation
- Sailing area: inland waters, coastal waters or abroad
- Use: recreation, towing or racing
- Security and storage: an engine lock and an enclosed site
- Experience and claims history: boating licence and previous claims
Insurers weigh these details differently. That is where your saving is.
How we arrange it
- You request a quoteWe take stock of your situation, risk and wishes.
- We compareseveral insurers, on premium as well as conditions.
- You receive a proposalWith an explanation of the differences and the exclusions.
- We arrange the switchIncluding cancellation, so there is no gap in cover.
Why arrange it through Finass Verzekert?
We look at the terms as well as the premium, and stay your point of contact when there is a claim.
Independent
We are not tied to one insurer and compare on the basis of an objective analysis of several companies.
One fixed adviser
You call or email someone who knows your file. No menu options, no changing call centres.
Switching without hassle
We cancel your old policy and align the start date, so you are never a day without cover.
Help with claims
We report the claim and monitor how it is handled. In urgent cases you can reach us on the emergency line.
9.5New policy
9.8Claims handling
Customers rate our service on four aspects: personal service, service delivery, availability and the outcome. The reviews are collected and published by NH1816 and come from customers who have actually taken out a policy with Finass Advies B.V. or reported a claim.
Where things go wrong with speedboats
Four points that determine whether the policy actually pays out in the event of a claim.
Boating licence and speed are underwriting conditions
For pleasure craft capable of more than 20 kilometres per hour the small craft boating licence is compulsory. The same applies to vessels longer than 15 metres. Almost every speedboat falls within that limit. If you sail without the required licence, that is a standard exclusion and the insurer does not have to pay the own-damage claim. The declared maximum speed and engine power are underwriting conditions too: if you fit a more powerful engine, report it at once, otherwise the policy no longer matches reality.
Water-skiing and tubing call for separate arrangements
Towing water-skiers, wakeboarders or an inflatable is not automatically covered. Some insurers include it under the liability section, others exclude it or ask for a separate module. Injury to the person being towed does not fall under the own-damage cover, and usually not under the cover for people on board either, because that is limited to those on board. If you want to tow, have it recorded that this is permitted and check whether there is separate personal accident cover for people being towed is needed.
Races and sailing area
Taking part in taking part in speed or handling competitions and training for them is excluded as standard. That applies to organised speed trials on closed water too. The policy schedule also states where you may sail: inland waters, a wider area including the IJsselmeer and the Waddenzee, or coastal waters and abroad. If you sail outside it, there is no cover, not even for liability. If you take the boat abroad, ask for an extension in advance and check the description of the area.
Storage, transport and your own obligations
Theft is covered subject to conditions: a certified motor lock, security bolts and storage on a locked site. Damage during transport on the trailer is not automatically covered, and the trailer itself is never covered by the boat policy. During the winter storage a lay-up period with limited cover applies; frost damage because the engine or the cooling system has not been drained is not covered. Wear and tear, osmosis, corrosion and deferred maintenance are covered nowhere. Damage caused deliberately or recklessly is excluded (Article 7:952 of the Dutch Civil Code); state the use and the power correctly (Article 7:928 of the Dutch Civil Code) and report a claim in good time (Article 7:941 of the Dutch Civil Code).
Frequently asked questions
This is what people ask us most.
Do I need a boating licence for a speedboat?
For pleasure craft capable of more than 20 kilometres per hour, or longer than 15 metres, the small craft boating licence is compulsory. Almost every speedboat falls under this. If you sail without that licence, it is an exclusion in the policy: the own-damage claim is not paid and the liability cover can lapse as well.
Am I insured if I tow someone behind the boat?
Not automatically. Water-skiing, wakeboarding and tubing are included under the liability section by some insurers and excluded, or covered only through a separate module, by others. Injury to the person being towed also usually falls outside the cover for people on board, because that is limited to those on board. Have the use recorded in advance.
May I take part in races on this policy?
No. Taking part in speed or handling competitions and training for them is excluded as standard, including on closed water. A few insurers offer a separate arrangement with restrictions and a higher excess. Declare participation in races when you apply; reporting it afterwards does not help, because when a claim arises, what was in the policy at that moment is what counts.
What happens if I fit a more powerful engine?
Report it straight away. Engine power and top speed are both a premium factor and an underwriting condition. If the actual equipment differs from what is stated on the policy, the insurer can reduce or refuse payment under Article 7:930 of the Dutch Civil Code. Where there is a substantial increase in power, the insurer may no longer be prepared to accept the risk at all.
What applies during transport and winter storage?
Damage during transport on the trailer is not automatically covered. That varies from policy to policy. You insure the trailer itself separately or through the trailer cover on your motor insurance. During the lay-up period, cover remains limited to events such as fire, storm and theft, and frost damage from a cooling system that has not been drained is excluded.
Every situation is different. For these situations we have a separate page.
- Compare pleasure craft insuranceThe main page
- A RIB on the pleasure craft insuranceOwn-damage cover, tubes, sailing area
- Insuring a predator fishing boatOwn-damage cover, electronics, sailing area
- Insuring a SkybootOwn damage, liability, sailing area
- A tender on the pleasure craft insuranceOwn-damage cover, tender, sailing area
- Insuring a console boatOwn-damage cover, outboard motor, sailing area
- An aluminium boat on pleasure craft insuranceOwn-damage cover, corrosion, sailing area
- Speedboat insurance: engine power and boating licenceSpeed, boating licence, sailing area
- Pleasure craft insuranceOwn damage, liability, sailing area
Read more
Is your speedboat properly insured?
Request a quote without obligation. We check the engine power, the sailing area and the conditions around towing and racing.
Prefer to call? 072 - 509 24 56, weekdays 09:00–17:00.
Claim on the road? Emergency line 06 - 55 20 40 72.
About our service
Finass Verzekert is a trading name of Finass Advies B.V. We advise on and arrange non-life insurance on the basis of an objective analysis of several insurers, and receive commission for this from the insurer, which is included in the premium. You pay no separate advice fee. Before you take out cover, we establish your wishes and needs.
You will find our licence, KvK and Kifid details and our complaints procedure at the foot of every page.
This page was compiled by Finass Verzekert (LinkedIn). Last updated on .
The information on this page is general in nature and is not personal advice.