Insurance Insights
Pantaenius Recognises Anchor Monitoring Technology With New Yacht Insurance Provision
Pantaenius has introduced a new policy provision that recognises the use of continuous anchor monitoring technology.
From September 2026, Pantaenius will reduce the deductible by 50% on claims for collision, stranding or grounding where the loss results from an anchor slipping or coming loose from the seabed. This provision only applies where the yacht had a technically functional anchor monitoring system in place at the time of the incident, installed by a specialist company, continuously monitoring GPS data and, at a minimum, movement data from a sensor attached to the anchor or its chain.