Yacht Insurance Hong Kong

Yacht & Pleasure Craft Insurance

Specialist Yacht & Pleasure Craft Insurance for Hong Kong Mariners

MGG has been assisting boat owners and mariners in Hong Kong and throughout Asia for over 20 years. We arrange a full range of pleasure craft insurance - from compulsory third-party cover required by Hong Kong law through to comprehensive all-risks policies for motor yachts, sailing yachts and racing vessels.

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Yacht Insurance Specialists

Comprehensive Pleasure Craft Cover for Hong Kong's Boating Community

Third-party and comprehensive policy options

Vessels of all value and sizes

What We Offer

Key Features of Our Pleasure Craft Insurance Service

Third-party and comprehensive policy options

Vessels of all value and sizes

Pleasure Craft and Yacht Insurance Solutions For Hong Kong Mariners

Hong Kong's harbour and surrounding waters are among the most beautiful in the world - and the pleasure boating community here is active and passionate. But Hong Kong's waters also bring real risks: typhoons, dense vessel traffic, strong currents and the regulatory requirements of the Marine Department. At MGG, we understand all of these factors and build pleasure craft insurance programmes that reflect the realities of boating in Hong Kong.

Is pleasure craft insurance compulsory in Hong Kong?

Yes. The Merchant Shipping (Local Vessels) (Compulsory Third Party Insurance) Regulation requires all owners of pleasure craft operated in Hong Kong waters to hold valid third-party liability insurance. Failure to hold valid insurance is a criminal offence. We arrange legally compliant third-party cover for pleasure craft quickly and at competitive rates.

What does all-risks pleasure craft insurance cover?

An all-risks pleasure craft policy typically covers: hull and machinery damage from any accidental cause; fire and theft; salvage and wreck removal costs; personal accident for the owner and crew; and third-party liability. Coverage can be extended to include racing, chartering and wide territorial limits. We explain exactly what is and is not covered at the time of policy placement.

Does my pleasure craft insurance cover typhoon damage?

If arranged correctly, yes. Typhoon season in Hong Kong runs from May to November and represents the most significant annual risk to pleasure craft — whether moored, on the hard or out on the water. Our policies specifically address typhoon-related hull damage, mooring failure and salvage costs. We advise clients on the specific conditions that apply, including how to secure your vessel ahead of a named storm.

What Our Clients Say

Trusted by Hong Kong's Boating Community for Over 20 Years

Daniel Foster

Hong Kong

^“MGG's team built a business insurance package that truly fits our operations in Hong Kong. From liability to employee protection, every detail was clearly explained. Their professionalism gave us confidence from day one. _“

Managing Director

James O’Brien

Hong Kong

^“Michael Hurley’s knowledge of the equine industry is exceptional. He doesn’t just arrange a policy — he explains exactly what the cover means for your horse and ownership structure. We now have complete confidence that we are properly protected. _“

Racehorse Owner

Sophia Bennett

Hong Kong

^“We needed urgent event cancellation and public liability cover for a corporate function in Hong Kong. The team arranged everything quickly and explained the risks clearly. Their service removed a huge amount of stress from the planning process. _“

Event Planner

Aarav Mehta

Hong Kong

^“Their medical insurance advice was clear, honest, and highly personalised. They helped us compare international plans and select the right family cover without overcomplicating the process. Excellent service throughout. _“

Private Client

Edward Collins

Hong Kong

^“Finding proper agreed-value cover for classic vehicles can be difficult, but Michael’s team made it seamless. The attention to detail and understanding of collector needs was outstanding. I wouldn’t insure my collection anywhere else. _“

Classic Car Collector

Oliver Hughes

Hong Kong

^“Their yacht insurance knowledge is second to none. From marina liability to storm damage risks, every aspect was covered thoroughly. When we needed advice during renewal, the support was immediate and highly professional. _“

Yacht Owner

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Than 5k Global Clients

Frequently Asked Questions

Yacht Insurance - Your Questions Answered

What is the legal requirement for pleasure craft insurance in Hong Kong?

Under the Merchant Shipping (Local Vessels) (Compulsory Third Party Insurance) Regulation, all owners of pleasure craft operated in Hong Kong waters are legally required to hold valid third-party liability insurance. This covers your legal liability for injury to third parties and damage to third-party property. Operating without this cover is a criminal offence in Hong Kong.

What is the difference between third-party-only and all-risks pleasure craft insurance?

Third-party-only (TPO) is the legal minimum — it covers your liability to others but does not cover damage to your own vessel. An all-risks policy adds comprehensive hull and machinery coverage for your own vessel — including accidental damage, fire, theft, salvage and usually personal accident. For any vessel with significant value, comprehensive all-risks cover is strongly recommended.

Does my pleasure craft policy cover my vessel if I take it to Macau or mainland China?

Standard Hong Kong pleasure craft policies typically cover Hong Kong territorial waters and may include parts of the South China Sea. Coverage for Macau, mainland China or wider Asian waters usually requires an extended territorial limits endorsement. We assess your intended cruising area and ensure your policy specifically covers all the waters you navigate.

Can I insure a vessel for chartering?

Yes - but this requires a specific chartering endorsement. Standard pleasure craft policies exclude commercial chartering use. We arrange chartering cover for owners who hire out their vessel commercially, whether bareboat or crewed, ensuring the correct cover is in place for both the owner and the charterer.

How does typhoon season affect my pleasure craft insurance?

Typhoon season in Hong Kong (May to November) significantly increases the risk of hull damage from severe weather. Our all-risks policies address typhoon risks explicitly — including hull damage, mooring failure, fire and salvage costs following a storm. We also advise clients on the precautions that should be taken ahead of a named typhoon to ensure claims are not affected by failure to take reasonable precautions.

What We Offer

OUR POPULAR SERVICES

At M.G. Geraghty, we combine decades of expertise with a personal approach to insurance broking. Whether you need cover for your business, your family, or something truly specialist — we find the right solution at the right price.