Yachts & Pleasure Crafts 

Argus offers comprehensive insurance (including third party) against a variety of threats to your boat & pleasure craft.


Yacht & Pleasure Craft Insurance: What Does It Cover?


Third-Party Liability

Argus offers Individual Boat Liability insurance, which includes coverage of compensatory damages for loss of life, personal injury, removal/destruction of vessel and associated legal costs.


A range of coverages are available to offer financial protection against boat theft or theft of outboard motor(s), gear or equipment.


Provides indemnity from liability on an all-risk or named-peril basis. Certain navigational limits may apply.

Additional Protection


Argus yacht and pleasure craft insurance plans include coverage for collisions with other vessels as well as damage to piers and other structures.

Perils of the Sea

Argus Yacht & Pleasure Craft coverage will help shield boat owners from the financial burdens associated with damage caused by perils of the sea.

Flexible Limits

If your business does not fit within one of our package policies, let us customise a package for you. We can adapt a policy to suit your individual insurance requirements. ​

Material Damage

Our coverages include, but are not limited to, indemnity against perils of navigable waters, fire, jettison or contact with deck/harbour equipment.

Interested in Getting a Quote?   Speak to our experienced representatives.   Request a Quote

Why Choose Argus?

At Argus, we’re proud that all of our underwriting and our claims decisions are made right here in Gibraltar. Contact us and find out why the people of Gibraltar have trusted Argus for speedy, friendly and local insurance coverage for over a decade.

Excellent Customer Service

When you need a quote, immediate cover, or you need to make a claim, we pledge to give you an instant response, locally made.

The Right Level of Coverage

Worried about having too much or too little coverage? Our experts will help you decide the level of coverage best for you.

Quick Claims Payments

We understand that time is money. That is why, at Argus, we process and pay your claims as quickly as possible.

Responsible Business

Argus cares about the local community and strongly supports it through our business activities and through a community and charitable support programme.

Explore our Marine Insurance Resources

Frequently Asked Questions

Compulsory third-party liability insurance is required for boats with an engine HP above 9.9HP, with a minimum limit of €235,000.

Argus is one of the few insurers in Malta who handles all claims locally. Our experienced claims team is supported by a carefully selected network of surveyors and repairers. Decisions are made swiftly and locally, and are backed by the Argus Customer Charter. Please feel free to complete a claim form.

A survey is required for boats over 10 years old and every 4 years thereafter.

The industry standard provides a limit of €235,000, but coverage can be arranged for higher limits where necessary.

It is similar to a motor policy in the sense that it can be arranged to cover damage to your boat, as well as protecting your liabilities to third parties against damage or injury for which you were responsible. Coverage can be tailored to your individual needs; we would be pleased to provide further details.

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