Marine Insurance Finance

First Marine Insurance Premium Finance - Rates and Review (2026)

First Marine Insurance premium finance rates and review. Specialist marine insurance finance with appetite for non-standard vessel types and unusual policy structures.

From APR 10.8%

Max APR 17.2%

Max of Premium 85%

Min Premium £250

About First Marine Insurance

First Marine Insurance Premium Finance is a niche specialist with particular experience in unusual vessel types, non-standard hull cover, and marine insurance policies that the larger premium finance houses decline. Their underwriting approach is case-by-case, making them valuable for superyacht, commercial vessel and charter fleet premium finance.

Rates and Terms - October 2026

Feature	Detail
APR Range	10.8% – 17.2%
Maximum % of premium financed	85%
Minimum annual premium	£250
Maximum term	Up to 12 months
Repayment structure	10 or 12 equal monthly direct debits
Application method	Online / through broker

Rates as at October 2026. Subject to credit assessment and eligibility. Your actual rate may differ.

Pros and Cons

Advantages

Specialist appetite for superyacht and commercial fleet policies
Considers non-standard hull cover and unusual vessel types
Low minimum premium of £250
Case-by-case underwriting - not a rigid scorecard approach

Considerations

Higher APR range reflects specialist/niche positioning
Slower approval process than digital-first providers
Not as widely set up with insurers as the market leaders

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FAQs

Frequently asked questions

Is First Marine Insurance Finance suitable for superyacht policies?

Yes - First Marine Insurance has specific experience financing large marine insurance premiums associated with superyacht hull cover and P&I policies, which can run to tens of thousands of pounds per year.

Can First Marine Insurance finance a charter liability policy?

In most cases yes. Their specialist marine focus means they are comfortable with charter liability, loss of hire and other commercial marine insurance types.

How does First Marine Insurance underwrite applications?

First Marine Insurance uses a case-by-case assessment rather than a rigid credit score model, making them more accessible for applications that mainstream providers might decline.

What is the maximum premium First Marine Insurance will finance?

There is no published maximum - large commercial and superyacht policies are considered on a bespoke basis. Contact us to discuss large premium finance requirements.

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Premium finance taken for business purposes is not regulated by the FCA. Rates shown are indicative as at October 2026 and subject to the provider's credit assessment. We act as a credit broker, not a lender. If you do not keep up repayments your insurance policy may be cancelled.