Al Buhaira
Al Buhaira National Insurance Company is a Sharjah insurer founded in 1978 and listed on the Abu Dhabi Securities Exchange. It sells yacht and pleasure craft insurance for privately used boats, and jet ski insurance.
Al Buhaira boat and yacht insurance
Al Buhaira insures privately used yachts and pleasure craft, built professionally and used in declared waters such as UAE coastal waters, the Arabian Gulf or the Gulf of Oman. Cover can be on an agreed value or current market value basis. It also sells jet ski insurance, comprehensive or liability only.
| Product | Type | What it is |
|---|---|---|
| Yacht and Pleasure Craft Insurance | Privately used yachts and boats | Hull and machinery, declared outboards, collision and third party liability, sue and labour, salvage and wreck removal, depending on the policy issued.4 |
| Yacht Insurance | Yachts | Hull, machinery and equipment, third party liability, personal effects, emergency towing, wreck removal, medical payments and pollution liability, where included.6 |
| Jet Ski Insurance | Jet skis | Comprehensive or liability-only cover. Accidental loss or damage, theft and fire where covered, third party liability.7 |
| Cover | With this insurer | Details |
|---|---|---|
| Hull and machinery | Depends on policy | Physical loss or damage to the hull, machinery and permanently installed equipment, depending on the policy issued.4 |
| Third party liability | Depends on policy | Accidental bodily injury or property damage to others, subject to the insured limit.4 |
| Salvage and wreck removal | Depends on policy | Salvage costs or legally required wreck removal, subject to limits.4 |
| Sue and labour | Depends on policy | Reasonable costs to avert or reduce an insured loss.4 |
| Fire, theft, collision, grounding, storm or accidental damage | Depends on policy | Al Buhaira says these are not covered just because the policy insures a yacht. The cause of loss must fall within the wording issued.4 |
| Personal effects, road trailer, passenger liability, uninsured boater | Optional extra | Optional extensions, subject to acceptance.4 |
| Racing, water sports, towing, road transit, charter | Depends on policy | Need specific agreement. Not covered unless the policy includes them.4 |
| Cruising area | Depends on policy | The proposal form offers UAE waters, Arabian Gulf, Gulf of Oman or other.8 |
Check before you buy
- Private pleasure use only. Charter, passenger transport, hire or other business use is not covered automatically.4
- Listed exclusions include wear and tear, osmosis, mechanical breakdown without resulting insured damage, defective parts, unseaworthiness, unauthorised use, theft where security requirements were not met, war and confiscation.4
- You must follow the declared marina, mooring, dry storage and lay-up arrangements, and tell Al Buhaira about changes to ownership, value, use, navigation area, engines or mooring.4
- Al Buhaira may ask for a current valuation or a marine survey report before it offers cover.4
Policy documents
- Yachts, Jet Ski and Pleasure Craft Proposal FormProposal form
How to claim with Al Buhaira
- Claims phone06 517 4486
Steps
- Protect passengers and call the emergency authority if needed.4
- Take reasonable steps to stop further loss or environmental damage.4
- Tell Al Buhaira as soon as reasonably possible.4
- Report theft, collision or a serious incident to the relevant authority.4
- Take photos, note witnesses, keep damaged parts and get repair estimates if asked.4
- Do not admit liability or agree a settlement without Al Buhaira's approval.4
Not happy with a claim? Use the Al Buhaira complaints page first. How to complain about an insurer.
About Al Buhaira
- Legal name
- Al Buhaira National Insurance Company (P.S.C.)
- Founded
- Incorporated by Emiri Decree of the Ruler of Sharjah in May 19781
- Type
- Insurance company3
- Listed on
- Abu Dhabi Securities Exchange, symbol ABNIC, listed 15 February 20052
- Headquarters
- Buhaira Insurance Towers, Khalid Lagoon, Buhaira Corniche, Sharjah6
- Central Bank
- Listed in the Central Bank of the UAE register, September 2026, number 153
Recent news
- DIFC Courts dismiss a yacht fire claim against Al Buhaira
The court dismissed an owner's claim for AED 1,365,000 after a fire and explosion on his yacht in June 2023. It found that the condition survey the policy required had not been carried out, so cover had not started, and that other policy warranties had been breached.5
Contact Al Buhaira
- Phone06 517 4444
- Emailcare@albuhaira.com
- ComplaintsOpen complaints page
- Head office6th Floor, Buhaira Insurance Towers, Khalid Lagoon, Buhaira Corniche, Sharjah
Sources
8
1Al Buhaira, Financial Marketing. Last checked 12 Nov 2026. Source document: Financial Marketing
2Abu Dhabi Securities Exchange, ABNIC company profile. Last checked 12 Nov 2026. Source document: ABNIC company profile
3Central Bank of the UAE, CB Register September of 2026. Last checked 12 Nov 2026. Source document: CB Register September of 2026
4Al Buhaira, Yacht and Pleasure Craft Insurance. Last checked 12 Nov 2026. Source document: Yacht and Pleasure Craft Insurance
5DIFC Courts, Ahmed Mohamed Eid Al Yahad Al Zaabi v Al Buhaira National Insurance Company [2024] DIFC TCD 002. Last checked 12 Nov 2026. Source document: Ahmed Mohamed Eid Al Yahad Al Zaabi v Al Buhaira National Insurance Company [2024] DIFC TCD 002
6Al Buhaira, Yacht Insurance. Last checked 12 Nov 2026. Source document: Yacht Insurance
7Al Buhaira, Jet Ski Insurance. Last checked 12 Nov 2026. Source document: Jet Ski Insurance
8Al Buhaira, Yachts, Jet Ski and Pleasure Craft Proposal Form. Last checked 12 Nov 2026. Source document: Yachts, Jet Ski and Pleasure Craft Proposal Form
- Owner
- Yachtinsurance.ae research team
- Last review
- Next review due
- 11 May 2027
- Status
- Published