Sukoon
Sukoon Insurance PJSC is a Dubai insurer that has traded since 1975. It sells Privilege Yacht cover for yachts, boats and pleasure craft, and a separate jet ski policy with prices on its website.
Sukoon boat and yacht insurance
Privilege Yacht covers yachts, boats and pleasure craft of any make, with tenders, jet skis and personal effects on board. The brochure says the plan is for owners of a vessel valued above AED 500,000. The policy wording is built on the Institute Yacht Clauses and follows English law and practice.
| Product | Type | What it is |
|---|---|---|
| Privilege Yacht | Yacht, boat and pleasure craft | Cover for physical loss or damage, liability to others and optional extras. The brochure says it is for owners of a vessel valued above AED 500,000.3 |
| Jetski | Jet ski | A standalone jet ski policy. Sukoon's yacht page says it covers only third-party liability and personal accident.4 |
| Cover | With this insurer | Details |
|---|---|---|
| Physical loss or damage to the yacht | Included | Covers the yacht and also tenders, small boats, wave runners, windsurfers, jet skis and personal effects.3 |
| Liability to others | Included | Sukoon sets the third-party limit for each client. Under the wording, this section applies only when a sum for it is stated in your schedule.7 |
| Cruising area | Included | The standard terms cover the whole of the Arabian Gulf, with restrictions such as sailing around Iran. Sukoon says it can extend the limits.4 |
| Search and rescue expenses | Included | Listed under what is covered.4 |
| Commercial towing and assistance | Included | Up to AED 50,000 for each vessel when help is needed and commercial assistance has to be used.7 |
| Road transit | Depends on policy | Covered if your plan includes a transit clause. Ask for it when you buy.4 |
| Theft | Depends on policy | Theft of the whole vessel or an outboard motor locked with an anti-theft device, or theft of machinery and equipment after forcible entry into the vessel or its storage.7 |
| Protection and indemnity | Optional extra | Through A-rated P&I clubs for higher limits: crew, guests, collision, pollution, fines, wreck removal and legal costs.3 |
More cover details (5)
| Cover | With this insurer | Details |
|---|---|---|
| Personal accident | Optional extra | For you and your spouse, for injury, death or disappearance from using the vessel.3 |
| Uninsured boater | Optional extra | Pays if you are injured by an uninsured owner or driver of another craft.3 |
| War, piracy and terrorism | Optional extra | Marine war cover, with kidnap and ransom on an annual or single-voyage basis.3 |
| Water-skiing liability | Optional extra | Excluded under the standard clauses unless the water skier's liability clause is added. It covers one skier at a time.7 |
| Hire or charter | Depends on policy | The wording says the vessel is used only for private pleasure unless Sukoon agrees otherwise. Sukoon lists commercial, renting and chartered vessels among its clients.7 |
Published prices
- Jet ski policy: AED 700 for the driver only, AED 850 for the driver and one passenger, AED 1,000 for the driver and two passengers, on Sukoon's jet ski page on 12 November 2026. The page does not say whether VAT is included.5
Check before you buy
- Staying inside the navigation limits in your schedule is a warranty. Tell Sukoon before you go further.7
- Laid-up periods stated in your schedule are a warranty.7
- Heavy-weather damage to the motor, electrics and batteries is not covered unless the boat was immersed, stranded or hit another vessel, a pier or a jetty.7
- Damage to sails, masts, spars and rigging while racing is not covered unless the boat was stranded, sunk, burnt or in a collision.7
- The proposal form says only clients with a valid GCC interest can be insured.9
Policy documents
- Privilege Yacht brochureBrochure, 2023
- Privilege Yacht terms and conditions, ComprehensivePolicy wording, 2023
- Privilege Yacht terms and conditions, Material DamagePolicy wording, 2023
- Privilege Yacht proposal formProposal form
- Jet ski application formApplication form, 2023
How to claim with Sukoon
- Claims phone800 64272
- Claims emailprivilegeclub@sukoon.com
- Claim onlineOpen claim page
- The yacht wording asks for prompt notice of anything that may lead to a claim, and notice before any survey of the damage.7
Not happy with a claim? Complain to Sukoon at complaints@sukoon.com first. How to complain about an insurer.
About Sukoon
- Legal name
- Sukoon Insurance PJSC
- Founded
- 19751
- Type
- Insurance company2
- Headquarters
- Sukoon Building, Omar Bin Al Khattab Street, next to Al Ghurair Mall, Deira, Dubai4
- Also sells
- Motor, Health, Life, Home, Travel, Personal accident5
- Previous name
- Oman Insurance Company1
- Central Bank
- Listed in the Central Bank of the UAE register, September 2026, number 92
Financial strength
| Agency | Grade | Covers | Date |
|---|---|---|---|
| S&P Global Ratings | A, Stable11 | UAE company | 24 Apr 2026 |
Recent news
- S&P affirms Sukoon's A rating
S&P Global Ratings affirmed its A rating on Sukoon Insurance with a stable outlook.11
Contact Sukoon
- Phone, head office04 233 7777
- Toll free800 64272
- Emailprivilegeclub@sukoon.com
- Complaints emailcomplaints@sukoon.com
- Hours8 am to 8 pm Monday to Friday, 8 am to 5 pm Saturday, on 800 64272
- Head officeSukoon Building, Omar Bin Al Khattab Street, next to Al Ghurair Mall, Deira, P.O. Box 5209, Dubai
Common questions
Does Sukoon's yacht policy cover my jet ski?
Sukoon says jet skis, tenders and other water toys are covered under its comprehensive yacht terms, including third-party cover for passengers and hull damage. A standalone jet ski policy covers only third-party liability and personal accident.4
How much is Sukoon jet ski insurance?
Sukoon's jet ski page lists AED 700 for the driver only, AED 850 with one passenger and AED 1,000 with two passengers, as of 12 November 2026.5
Where can I sail on a Sukoon yacht policy?
The standard terms cover the whole of the Arabian Gulf, with restrictions such as sailing around Iran. Your limits are in your schedule. Ask Sukoon before you sail beyond them.4
Sources
11
1Sukoon, Who we are. Last checked 12 Nov 2026. Source document: Who we are
2Central Bank of the UAE, CB Register September of 2026. Last checked 12 Nov 2026. Source document: CB Register September of 2026
3Sukoon, Privilege Yacht brochure, Footer dated 12/2023. Last checked 12 Nov 2026. Source document: Privilege Yacht brochure
4Sukoon, Privilege Yacht. Last checked 12 Nov 2026. Source document: Privilege Yacht
5Sukoon, Jetski Insurance. Last checked 12 Nov 2026. Source document: Jetski Insurance
6Sukoon, Privilege Yacht claim. Last checked 12 Nov 2026. Source document: Privilege Yacht claim
7Sukoon, Privilege Yacht terms and conditions, Comprehensive. Last checked 12 Nov 2026. Source document: Privilege Yacht terms and conditions, Comprehensive
8Sukoon, Privilege Yacht terms and conditions, Material Damage. Last checked 12 Nov 2026. Source document: Privilege Yacht terms and conditions, Material Damage
9Sukoon, Privilege Yacht proposal form. Last checked 12 Nov 2026. Source document: Privilege Yacht proposal form
10Sukoon, Application Form, Marine Hull Pleasure Craft, Jet Ski, Dated 11-12-2023. Last checked 12 Nov 2026. Source document: Application Form, Marine Hull Pleasure Craft, Jet Ski
11S&P Global Ratings, UAE-Based Sukoon Insurance 'A' Ratings Affirmed; Outlook Stable, Dated 24 April 2026. Last checked 12 Nov 2026. Source document: UAE-Based Sukoon Insurance 'A' Ratings Affirmed; Outlook Stable
- Owner
- Yachtinsurance.ae research team
- Last review
- Next review due
- 11 May 2027
- Status
- Published