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Insuring Tung Hwa Yard
motor yachts · several countries
Tung Hwa Yard builds motor yachts in several countries. NAMMERT insures boats of this make regardless of year built or where you bought them, liability, hull, legal expenses and personal accident cover from one house, taken out online in five minutes.
At a glance
Origin
several countries
Class
motor yachts
Typical sizes
Premium from
from €49 a year for liability
Worth knowing
Tung Hwa Yard; cover, cost and conditions
Four model ranges are recorded, the Fleming 50, 53 and 55 as motor yachts and the Chebec as a sailing yacht. Production ran from 1977 to 2015. Anyone taking over such a yacht today first clarifies the replacement value, which we record in the contract as an agreed value in full hull cover.
The Fleming 55 ran from 1992 to 2015, the 53 from 1987 to 2003 and the 50 from 1993 to 2003, while the Chebec was built between 1977 and 1984. Across this span the same applies, because we insure regardless of year of construction, place of purchase and previous owners, in the Premium tariff with no age limit.
Because both motor yachts and sailing yachts are in the programme, depending on the boat either the engine power or the sail area forms part of the premium, along with the type of boat, value, year of construction and cruising range. If a dispute with the seller or the yard arises after the purchase, legal expenses cover for water sports is available.
Questions and answers
Frequent questions
How is the replacement value recorded?
As an agreed value in full hull cover. The agreed amount is stated in the contract and is indemnified with no deduction for depreciation, in the Premium tariff with no age limit.
Does it make a difference where the yacht was bought?
No. Place of purchase, year of construction and previous owners have no influence on access to cover. What counts for the premium is the data of the boat and the cruising range.
The cover that fits
For the whole class of boat
What matters for motor yachts is the same across every brand; engine output, how a claim is settled, cruising range and theft protection. The class page lists every point and every brand in this class.
Other builders in this class
All makes by type of boat
motor yachts
Ohne Zuordnung
motorboats and sports boats
sailing boats and sailing yachts
dinghies and small craft
inflatables and RIBs
jet skis and boards
houseboats and electric boats
catamarans and multihulls
boat trailers
Katamarane & Trimarane
Nautical information What counts before you cast off, papers, equipment, waters
Licence
A powerboat licence (inland or coastal) is required from 15 hp (11.03 kW).
Registration
Registration from 3 hp; for trips abroad carry the boat certificate or flag document.
Waters
Inland, coastal and abroad; plan fairways, bridge clearances, draught and tides.
Equipment
Lifesaving gear, fire extinguisher, anchor, signalling equipment and correct navigation lights.
Cruising range
The agreed cruising range is stated in the policy and can be extended at any time.
Weather
Check wind force in Beaufort and wind direction before casting off, and allow for gusts.
General guidance, not a complete account; what governs are the rules of the waters you are on and your boat’s manual. Current wind force and direction for your waters are shown on the Home.
Series by Tung Hwa Yard, build years and cover
Fleming 55 is a motor yacht from Tung Hwa Yard, built from 1992 to 2015.
Fleming 50 is a motor yacht from Tung Hwa Yard, built from 1993 to 2003.
Fleming 53 is a motor yacht from Tung Hwa Yard, built from 1987 to 2003.
Chebec is a sailing yacht from Tung Hwa Yard, built from 1977 to 1984.
For a series built in these years the market value and the replacement cost often differ widely. An agreed value removes the age-based scale, and the figure in the policy stands.
On motor yachts the drive and the electronics together make up about half the value. Both belong in the valuation, otherwise the sum insured is too low.
For a series of this age there is no list price left. That is why we work with an agreed value: you state the figure, we agree it, and in a total loss exactly that amount is paid, with no deduction for wear.
On sailing yachts the rig and the underwater hull are the expensive parts: a dismasting quickly costs a quarter of the boat, and osmosis counts as wear and is covered by no hull policy.
Tung Hwa Yard insured in five minutes.
Calculate the premium online, policy the same day, or call us: +49 3375 / 29 12 77.
