Cresta Yachts designs and places insurance programmes for privately used and commercially chartered yachts — from hull and machinery through to charterer's liability, crew and loss of charter income. Independent broking, direct market access, and one team that stays with the file through to claim settlement.
Cresta Yachts is the marine speciality division of Cresta — an independent insurance and reinsurance brokerage founded by professionals with more than twenty-five years of international experience.
Yachts sit at the intersection of several risk classes at once: a high-value moving asset, an employer of professional crew, a host to guests, and — where chartered — a revenue-generating commercial operation. Cover written to a standard template will almost always leave one of those exposures uninsured, and it is usually discovered at the worst possible moment.
We start from the vessel, her programme and her contracts. Ownership structure, flag, class, cruising range, charter agreements, management arrangements and crew contracts each change what the policy must respond to. We define the exposure precisely, then place only the protection genuinely required.
“The right time to test a yacht policy is at placement —Cresta Yachts
not at three in the morning, alongside in a foreign port.”
Each line below can be placed on a standalone basis or built into a single co-ordinated programme, so that limits, deductibles and territorial scope align rather than conflict across policies.
All-risks physical damage to hull, machinery, rig and equipment, including tenders, toys and submersibles. Agreed value, new-for-old and salvage provisions negotiated to the vessel rather than the schedule.
Third-party liability for the owner: collision and wreck removal, pollution, injury to guests and crew, damage to fixed and floating objects, and legal defence costs — placed with recognised yacht P&I markets.
Protection for the charterer's legal liability to the owner and to third parties, including damage to the vessel while under charter, deductible reimbursement and cancellation exposure.
MLC-compliant crew cover: medical and repatriation, loss of employment, permanent disability and death benefits, plus employer's liability responding to crew contracts and flag-state requirements.
Indemnity for lost charter revenue and standing costs where an insured damage event withdraws the vessel from service, with waiting periods and indemnity periods set against the actual charter calendar.
Hull and liability war cover for transits and seasons in higher-risk waters, including piracy, seizure, detention and confiscation, written back on where standard policies exclude.
Discreet cover for owners, guests and crew — ransom reimbursement, transit loss, and access to specialist crisis-response consultants from the first hour of an incident.
Cruising limits extended for transatlantic and transpacific passages, Northern Europe, the Red Sea, the Caribbean season and remote-area itineraries, with laid-up and delivery-voyage terms agreed in advance.
Owner and guest valuables, jewellery, artwork and specialist equipment carried on board or in transit, on an agreed-value basis with worldwide territorial scope.
Related placements handled by the wider Cresta team include marina and shipyard liability, builder's risk on vessels under construction, yacht transit and cargo, and management-company professional indemnity.
The same method the wider Cresta practice applies to complex commercial risk, adapted to the way yachts are actually owned, managed and operated.
Survey findings, class and flag position, ownership and management structure, charter contracts, crew agreements and itinerary — reviewed before any market is approached.
Wordings, limits, deductibles and navigational warranties drafted around the vessel's real operating profile, so that private and commercial use are both properly answered.
Presentation to selected yacht underwriters in the international market, with security assessed on rating and claims behaviour — not premium alone.
We appoint and co-ordinate surveyors and adjusters, present the claim, and pursue settlement. The broker who placed the risk remains accountable for the outcome.
Cresta works with rated insurers and reinsurers internationally, with direct access to the London market and to established Mediterranean yacht underwriters, supported by local broking partners in each cruising region.
Grounding, fire, storm damage, an injured guest, a crew repatriation in a remote port — a claim rarely arrives at a convenient hour. Cresta operates a single point of contact for casualties, appoints surveyors and adjusters on the owner's behalf, and manages the file through to settlement. Notification is accepted around the clock, wherever the vessel is lying.
Notify a ClaimSend us the vessel's particulars and we will revert with an indication and a recommended programme structure. Renewals are best reviewed six to eight weeks before expiry.
Maslak Mah. Ahi Evran Cad. Olive Plaza No:11
İç Kapı No:2, Sarıyer, İstanbul, Türkiye