GIG Gulf
GIG Gulf is the Gulf arm of Kuwait's Gulf Insurance Group, which bought AXA's Gulf business in 2021. In the UAE it sells Sail Master boat and yacht insurance, with comprehensive or third party only cover.
GIG Gulf boat and yacht insurance
GIG Gulf's Sail Master comes as comprehensive cover or third party liability only. The leaflet says comprehensive cover applies in use or moored, afloat or ashore, and in transit on purpose-built trailers for boats up to 9 metres. Its handbooks are the full policy wordings.
| Product | Type | What it is |
|---|---|---|
| Sail Master, comprehensive | Boats and yachts | Loss or damage to the boat plus third party liability, uninsured boater cover, search and rescue and a no-claim rebate of up to 10%.3 |
| Sail Master, third party liability only | Liability | Your liability to others, including guests on board.3 |
| Sail Master Prestige Craft | Larger craft | A separate handbook. For boats moored in the UAE the cruising area is the Arabian Gulf and Gulf of Oman, not north of 27 degrees N, excluding Iranian waters.7 |
| Cover | With this insurer | Details |
|---|---|---|
| Third party liability | Included | Up to AED 2,000,000 on the leaflet, extendable to AED 4,000,000.3 |
| Uninsured boater | Included | Injury to you on board caused by an uninsured boat. AED 183,500 any one event on the leaflet.3 |
| Search and rescue | Included | AED 92,000 on the leaflet.3 |
| Standard cruising range | Depends on policy | Under 6 metres: within 40 km of the mooring or launch point, not into another country's waters. 6 metres and over: the Arabian Gulf not north of 27 degrees N, excluding Iranian waters, plus Oman's territorial waters.3 |
| Road transit on a trailer | Depends on policy | For boats up to 9 metres.3 |
| Personal effects, including cash | Optional extra | Covered after forcible or violent entry into the boat.3 |
| Personal accident | Optional extra | You, your spouse and dependent children. Up to AED 183,500 on the leaflet.3 |
| Water skiing liability | Optional extra | Motor boats only on the leaflet, up to AED 550,000 each accident.3 |
More cover details (4)
| Cover | With this insurer | Details |
|---|---|---|
| Racing | Optional extra | Sailing boats. Pays two thirds of the replacement value of mast, spars, sails and rigging.3 |
| Wreck removal | Included | In the third party section of the Pleasure Craft handbook, within the liability limit.4 |
| Personal watercraft | Depends on policy | A jet ski is covered as part of your boat up to AED 50,000 unless it is named in the schedule.4 |
| Hire or charter | Depends on policy | Not covered unless the policy is endorsed.4 |
Check before you buy
- When laid up, there must be no stores on board and portable items must be stored ashore in a locked building. The in-commission period extends by up to 15 days automatically.4
- Theft of gear is covered only if someone forced their way into or out of the boat or the locked storage. Outboard motors need an outboard motor lock; a padlock and chain is not enough.4
- A boat or trailer on the road needs a hitchlock or wheel clamp.4
- Damage from underwater objects carries a 20% increase in the excess.4
- You must report theft or vandalism to the police. GIG will not pay the claim otherwise.4
- The handbook gives 10 days to cancel after you receive the policy, with a minimum premium of AED 250.4
- English law applies unless agreed otherwise.4
Policy documents
- Sail Master leafletLeaflet, 2022
- Sail Master Pleasure Craft, Policy HandbookPolicy wording, 2022
- Sail Master Prestige Craft, Policy HandbookPolicy wording, 2022
- Sail Master Plus Proposal FormProposal form
- Sail Master Survey formSurvey form
- Sail Master Claim FormClaim form
How to claim with GIG Gulf
- Claim onlineOpen claim page
Not happy with a claim? Use the GIG Gulf complaints page first. How to complain about an insurer.
About GIG Gulf
- Legal name
- Gulf Insurance Group (Gulf) B.S.C Closed
- Founded
- Registered in the UAE insurance companies register, certificate 69, on 22 January 20023
- Type
- Foreign insurance company registered in Bahrain9
- Owner
- Gulf Insurance Group of Kuwait, which completed its purchase of AXA's Gulf operations on 7 September 20211
- Headquarters
- Floor 39, Churchill Executive Tower, Business Bay, Dubai3
- Previous name
- AXA Gulf, until Sept 20211
- Central Bank
- Listed in the Central Bank of the UAE register, September 2026, number 692
Financial strength
The AM Best rating is for Gulf Insurance Group (Gulf) B.S.C. (c), the company named on the UAE register.
| Agency | Grade | Covers | Date |
|---|---|---|---|
| AM Best | A (Excellent), Stable9 | UAE company | 22 Oct 2026 |
Contact GIG Gulf
- Phone, from outside the UAE+971 4 507 4085
- Toll free800 292
- Emailinfo.dubai@gig-gulf.com
- ComplaintsOpen complaints page
- Head officeFloor 39, Churchill Executive Tower, Business Bay, P.O. Box 5862, Dubai
Sources
12
1Gulf Insurance Group, Gulf Insurance Group completes the acquisition of AXA in the Gulf. Last checked 12 Nov 2026. Source document: Gulf Insurance Group completes the acquisition of AXA in the Gulf
2Central Bank of the UAE, CB Register September of 2026. Last checked 12 Nov 2026. Source document: CB Register September of 2026
3GIG Gulf, Sail Master leaflet. Last checked 12 Nov 2026. Source document: Sail Master leaflet
4GIG Gulf, Sail Master Pleasure Craft, Policy Handbook. Last checked 12 Nov 2026. Source document: Sail Master Pleasure Craft, Policy Handbook
5GIG Gulf, Contact us. Last checked 12 Nov 2026. Source document: Contact us
6GIG Gulf, Boat & Yacht Insurance. Last checked 12 Nov 2026. Source document: Boat & Yacht Insurance
7GIG Gulf, Sail Master Prestige Craft, Policy Handbook. Last checked 12 Nov 2026. Source document: Sail Master Prestige Craft, Policy Handbook
8GIG Gulf, Yacht Claim Form. Last checked 12 Nov 2026. Source document: Yacht Claim Form
9AM Best, AM Best Affirms Credit Ratings of Gulf Insurance Group (Gulf) B.S.C. (c). Last checked 12 Nov 2026. Source document: AM Best Affirms Credit Ratings of Gulf Insurance Group (Gulf) B.S.C. (c)
10GIG Gulf, Sail Master Plus Proposal Form. Last checked 12 Nov 2026. Source document: Sail Master Plus Proposal Form
11GIG Gulf, Sail Master Survey form. Last checked 12 Nov 2026. Source document: Sail Master Survey form
12GIG Gulf, Sail Master Claim Form. Last checked 12 Nov 2026. Source document: Sail Master Claim Form
- Owner
- Yachtinsurance.ae research team
- Last review
- Next review due
- 11 May 2027
- Status
- Published