 Insurance
Most insurance companies include cover as far as Longitude 35E.,
which includes all of Greece,
the Ionain, Lefkas, Cyprus and
most of Turkey. Insurance rates increase the further east you
go, ranging from about 1.25% of value in the western
Mediterranean, to 1.6% in the east, for
12 months in-commission
cover. Check carefully however, as some companies exclude the
Adriatic, Ionian and Aegean from ‘Mediterranean’ cover. Greek
law requires that boats be
insured with a minimum cover of
£200,000 against third party claims. For a boat 10 years or
more
old, a survey will be mandatory for insurance. This is wise, in
any case. Another point to
watch is that some insurance
companies stipulate that if a yacht for sale in Greece is left
unattended for more than a stated time (and this can be quite
short) guardiennage must be
arranged.
General
Williams & Smithells Yacht Brokers in Greece can look after all
your local needs and travel, as well as procedures for purchase,
contact with Customs and port and tax authorities. Most of the
yachts for sale we offer in the Ionian area covering Lefkas,
Preveza, Nidri and Corfu will have been inspected by one of our
staff so we are able to give first hand reports and have
extensive colour photographs of all our brokerage yachts. Please
contact us to discuss any aspect of buying and keeping a yacht
in Greece or Turkey, or indeed any other part of the
Mediterranean.
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