Al Wathba Insurance
Al Wathba National Insurance Company is an Abu Dhabi insurer incorporated in 1996 and listed on the Abu Dhabi Securities Exchange. Its marine insurance for individuals covers yachts and jet skis, bought online.
Al Wathba Insurance boat and yacht insurance
Al Wathba sells yacht and jet ski cover to individuals. Both plans list third party liability, hull and machinery, theft, personal accident, emergency assistance, search and rescue and uninsured boater protection. Its FAQ says a yacht can be insured on agreed value or market value.
| Product | Type | What it is |
|---|---|---|
| Marine Insurance, Yacht | Yachts and boats | Starts at AED 500 on Al Wathba's page.3 |
| Marine Insurance, Jet Ski | Jet skis | Starts at AED 300 on Al Wathba's page.3 |
| Cover | With this insurer | Details |
|---|---|---|
| Third party liability | Included | Injury to another person or damage to another boat or property.3 |
| Hull and machinery | Included | Repairs to the structure, engine and mechanical systems.3 |
| Loss or damage by fire, theft, vandalism or malicious acts | Included | 3 |
| Theft | Included | The yacht or equipment on board.3 |
| Emergency assistance | Included | 24/7 marine emergency support.3 |
| Personal accident, search and rescue, uninsured boater | Included | Listed on both the yacht and jet ski plans.3 |
| Personal effects | Optional extra | 3 |
| Transit within the UAE | Optional extra | Accidental damage while the boat is transported.3 |
More cover details (2)
Published prices
- Yacht cover "starts at AED 500" and jet ski cover "starts at AED 300", as shown on Al Wathba's page on 12 November 2026. The page does not say what cover, craft or excess these prices apply to.3
Check before you buy
- The FAQ says cover during storage or transport depends on the policy terms and the use you declare.3
- The brochure refers you to the policy document for exclusions. Ask for it before you buy.4
Policy documents
- Marine Insurance brochureBrochure
How to claim with Al Wathba Insurance
- Claims phone+971 600 54 4040
- Claim onlineOpen claim page
Not happy with a claim? How to complain about an insurer.
About Al Wathba Insurance
- Legal name
- Al Wathba National Insurance Company
- Founded
- Incorporated 24 September 19961
- Type
- Insurance company2
- Listed on
- Abu Dhabi Securities Exchange, symbol AWNIC, listed 14 November 20001
- Headquarters
- Abu Dhabi7
- Also sells
- Motor, Health, Home, Travel, Cyber3
- Central Bank
- Listed in the Central Bank of the UAE register, September 2026, number 102
Financial strength
| Agency | Grade | Covers | Date |
|---|---|---|---|
| S&P Global Ratings | BBB, upgraded, Positive6 | UAE company | 23 Jul 2026 |
Contact Al Wathba Insurance
- Phone+971 600 54 4040
- Emailcustomercare@awnic.com
Sources
7
1Abu Dhabi Securities Exchange, AWNIC company profile. Last checked 12 Nov 2026. Source document: AWNIC company profile
2Central Bank of the UAE, CB Register September of 2026. Last checked 12 Nov 2026. Source document: CB Register September of 2026
3Al Wathba Insurance, Marine Insurance for Individuals. Last checked 12 Nov 2026. Source document: Marine Insurance for Individuals
4Al Wathba Insurance, Marine Insurance brochure. Last checked 12 Nov 2026. Source document: Marine Insurance brochure
5Al Wathba Insurance, Other Insurance Claims. Last checked 12 Nov 2026. Source document: Other Insurance Claims
6S&P Global Ratings, Research Update: Al Wathba National Insurance Co. PJSC Upgraded To 'BBB' On Profitable Growth; Outlook Positive. Last checked 12 Nov 2026. Source document: Research Update: Al Wathba National Insurance Co. PJSC Upgraded To 'BBB' On Profitable Growth; Outlook Positive
7Al Wathba Insurance, About Us. Last checked 12 Nov 2026. Source document: About Us
- Owner
- Yachtinsurance.ae research team
- Last review
- Next review due
- 11 May 2027
- Status
- Published