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IYC Clauses vs. Local Conditions: Which Insurance Truly Protects Your Boat?
When insuring a vessel, whether a sailing yacht or a large motor yacht, you often encounter confusing terms. Is a local "All Risks" policy better, or the world-renowned Institute Yacht Clauses (IYC) from London? At Nautilux Marine Broker , we see daily how owners sign standard policies without realizing that "fine print" can change everything in international waters. What are the Institute Yacht Clauses (IYC)? The IYC are the gold standard drafted by the London insurance mar
acabrera02
Feb 153 min read
Boat Insurance in Spain: Mandatory vs. Comprehensive (All Risk). Legal Guide 2026 Note: This article focuses on current Spanish Legislation (Real Decreto), essential for any vessel moored or navigatin
In the nautical sector, the gap between complying with Spanish law and genuinely protecting your assets is vast. Many boat owners only discover this gap after an accident. As experts in marine insurance in Spain , we break down the current regulatory framework and the coverages that make the difference between peace of mind and financial disaster. 1. Third-Party Liability (Mandatory Insurance in Spain) In Spain, the regulations are strict. RD (Real Decreto) 607/1999 establi
acabrera02
Feb 152 min read
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