Union Insurance
Union Insurance is a UAE insurer established in 1998, listed on the Abu Dhabi Securities Exchange, with its corporate office in Dubai. Its pleasure craft policy covers own damage, passenger and third-party liability, and extras you pay more for.
Union Insurance boat and yacht insurance
Union's pleasure craft policy has three parts: cover for damage to your own boat, cover for liability to passengers and third parties, and supplementary cover for an extra premium. Damage cover is on named perils under the Institute Yacht Clauses.
| Product | Type | What it is |
|---|---|---|
| Yacht Insurance (Pleasure Craft insurance) | Yacht, boat and pleasure craft | Own damage, passenger and third-party liability, and supplementary covers for an extra premium.3 |
| Cover | With this insurer | Details |
|---|---|---|
| Loss of or damage to the boat | Included | Named perils under the Institute Yacht Clauses: fire, lightning, collision, stranding, sinking, stressful weather conditions and contact with external objects, plus latent defects and negligence. Outboard motors, trailers and gear are included.3 |
| Theft | Depends on policy | Theft of the whole vessel, or of machinery, fittings or equipment after forcible entry into the vessel or store.3 |
| Road transit on a trailer | Included | Within the country.3 |
| Salvage, sue and labour charges | Included | Listed under own damage cover.3 |
| Outboard motor dropping off or falling overboard | Depends on policy | Listed on the product page. The proposal form asks whether you want this cover.4 |
| Liability to passengers and third parties | Included | Damage to others from using your boat, accidents while someone navigates it with your permission, and death or injury of anyone connected with its use, including getting on and off.3 |
| Third-party limit | Depends on policy | You state the limit you want on the proposal form, with the water-skier limit and the deductible.4 |
| Navigation limits | Depends on policy | The proposal form offers UAE territorial waters only, or other limits you state.4 |
More cover details (8)
| Cover | With this insurer | Details |
|---|---|---|
| Charter use | Depends on policy | The proposal form asks whether use is private pleasure, skipper charter or bareboat charter.4 |
| Racing | Optional extra | Masts, spars, sails and rigging in a regatta or official race, up to an agreed limit. Not covered automatically.3 |
| Uninsured boaters | Optional extra | Injuries to your passengers caused by an uninsured owner or operator of another vessel.3 |
| Personal accident | Optional extra | For you and your spouse, with medical costs, from using the insured vessel.3 |
| Machinery damage | Optional extra | Motors, electrical equipment and batteries damaged by latent defects, broken shafts, burst boilers or heavy weather.3 |
| War and strikes | Optional extra | War, capture, seizure, mines, strikes and confiscation.3 |
| Water-skiing liability | Optional extra | Up to a limit you choose.3 |
| Personal effects | Optional extra | Declared items on board, against loss after forcible or violent entry into the vessel.3 |
Check before you buy
- Union's page lists general exclusions: wear and tear, depreciation or gradual deterioration, gradual breakdown, corrosion or electrolysis, and deliberate acts of negligence or recklessness under the influence of alcohol or drugs.3
- The proposal form limits personal effects to AED 1,500 for any single item.4
- The proposal form asks whether the boat has been professionally surveyed in the last three years and for a copy of the survey.4
- Union says it may need an independent valuation where the value of your boat is not known.3
Policy documents
- Pleasure craft insurance proposal formProposal form, 2020
How to claim with Union Insurance
Not happy with a claim? How to complain about an insurer.
About Union Insurance
Financial strength
| Agency | Grade | Covers | Date |
|---|---|---|---|
| Fitch Ratings | BBB+ (insurer financial strength), affirmed, Stable5 | UAE company | 16 Sept 2026 |
Recent news
- Fitch affirms Union at BBB+
Fitch affirmed Union Insurance's BBB+ insurer financial strength rating. It had upgraded the rating from BBB in September 2025.5
Contact Union Insurance
- Phone+971 4 3787 777
- Head officeSingle Business Tower, Sheikh Zayed Road, P.O. Box 119227, Dubai
Common questions
Does Union's yacht insurance cover racing?
Not automatically. Racing cover for masts, spars, sails and rigging is available for an extra premium, up to an agreed limit.3
Where can I sail on a Union pleasure craft policy?
The proposal form offers UAE territorial waters only, or other navigation limits you ask for. Your limits are in your policy schedule.4
Sources
5
1Union Insurance, About Us. Last checked 12 Nov 2026. Source document: About Us
2Central Bank of the UAE, CB Register September of 2026. Last checked 12 Nov 2026. Source document: CB Register September of 2026
3Union Insurance, Yacht Insurance. Last checked 12 Nov 2026. Source document: Yacht Insurance
4Union Insurance, Pleasure Craft Insurance Proposal Form, File dated 26 June 2020. Last checked 12 Nov 2026. Source document: Pleasure Craft Insurance Proposal Form
5Fitch Ratings, Union Insurance Company (P.J.S.C.) Credit Ratings. Last checked 12 Nov 2026. Source document: Union Insurance Company (P.J.S.C.) Credit Ratings
- Owner
- Yachtinsurance.ae research team
- Last review
- Next review due
- 11 May 2027
- Status
- Published