Boat insurance in Spain: A guide for expats who love the sea
Spain’s coastline is a dream come true for many expatriates – especially those who enjoy life on the water. From sailing the Costa del Sol to exploring hidden coves in the Balearics, owning a boat here offers a unique kind of freedom. But with that freedom comes responsibility — and boat insurance is a key part of protecting both your vessel and yourself.
If you’re gearing up for a summer at sea, here’s what you need to know to stay safe, legal, and stress-free.
Why boat insurance matters – beyond the basics
While third-party liability insurance is legally required in Spain for many types of watercraft, it often only covers the bare minimum: damage caused to others. If you want peace of mind for your own boat, your belongings, and everyone on board, you’ll need more than that.
Comprehensive boat insurance can cover:
- Damage to your vessel, including theft
- Tenders, special equipment, and personal items on board
- Personal accident cover for you and your passengers
- Environmental liability, if your boat causes pollution
- Legal assistance, in case you need expert help
- Nautical breakdown assistance, even when you’re out at sea
- Protection when moored or in storage, not just while sailing
If you’ve invested time and money in your boat, or it plays a big part in your lifestyle in Spain, it simply makes sense to insure it properly.
What kind of boats can be insured?
Whether you own a dinghy, jet ski, sailboat, motorboat or a luxury yacht, tailored cover is available. Some insurers — like Generali Expatriates — even offer policies under the Institute Yacht Clauses, which are widely recognised in international waters for extra peace of mind.
When and where are you covered?
A good policy will protect you not just when you’re cruising the coast, but also when your vessel is:
- Transported by trailer
- Dry-docked for maintenance
- Moored in a port or marina
- Kept in long-term storage
This is especially important if you live abroad and spend part of the year away from Spain, as many expats do.
Are your passengers protected?
Many boat owners don’t realise that standard policies may not include accident cover for passengers. With the right insurer, you’ll have accident protection that can include:
- Medical expenses
- Permanent disability compensation
- Death benefits
- Injuries during boarding or disembarkation
What to check before setting sail
- Is your current policy still valid and up to date?
- Have you updated the insurer about any changes to your vessel or use?
- Are you covered for the full value of the boat and its equipment?
- Do you have assistance in English if something goes wrong?
If you’re unsure about any of the above, it’s a good time to speak to an expert.
A policy built for expats
At Generali Expatriates, our boat insurance goes beyond the basics. We understand the lifestyle and needs of foreigners living in Spain — whether you’re here full-time or just for the summer season. Our policies are available in English, and our network of 200+ brokers and agents means help is always nearby.
Connect with us today for personalised advice. Locate your nearest broker or agent here or request a quote to make sure you’re fully covered before you hit the water.