Yacht Insurance

We are a yacht insurance leader because we understand coverages that best cover your yacht and your lifestyle, and we have the insurance carrier partners to provide you with the best options. This means we can offer you advantages in the breadth of risks we can write, coverage features, options, and expertise.

Why do I need yacht insurance?

Your yacht is just any boat or watercraft. It’s special. So you need more than simple boat insurance. Whether you own a yacht or a houseboat your insurance policy will require more than the standard protection. That’s where we come in. We can customize your yacht insurance to fit your yacht, your unique needs, your budget, and your lifestyle.

Here are just a few of the advantages of insuring your yacht with us:

• More options to provide complete coverage, frequently at no additional cost.
• Mor discounts options, providing more cost-effective coverage options.
• Our carriers offer flexible payment options
• Experts in insuring yachts

When you insure with us, you can navigate with the comfort that you’ve chosen the right protection, at the right price, with the right agent and insurance carrier.

What does yacht insurance cover?

Whether you have a yacht, sailboat, sport fishing boat, trawler, or houseboat, you’ll have some unique set of coverage needs. However, if the watercraft is over 26 feet in length, you’ll want a yacht policy with a specific set of coverages for you, your passengers, and your yacht.

Unique coverage for your yacht

Hull and equipment insurance protection including:

• Broad navigation limits
• Protect and recover pays reasonable costs incurred when trying to protect your yacht from further damage
• Consequential damage for non-wood yachts–normal wear and tear and deterioration is not typically covered under a yacht insurance policy. However, if your yacht suffers damage from fire, explosion, sinking, or collision, because of one of these conditions, you may be protected
• Ice and freezing damage coverage
• Agreed value for total loss
• Deductible waived on most total losses
• No depreciation on most partial losses
• Automatic tender coverage

Windstorm extra expense

If there is a named storm, watch, or warning, we will share the costs of protecting your yacht.

Personal effects coverage

For all of the “extras” (smartphone, camera, etc.) you physically bring onto your yacht.

Emergency towing and assistance

Coverage for towing expenses if your yacht happens to get stuck in or out of the water, including the delivery of gas, oil, and parts.

Rental reimbursement coverage

Coverage for when your insured yacht is in the shop being repaired.

Coverage for you

• Uninsured boater
  Coverage if an uninsured boat operator hits your yacht while in the water.

• Pollution liability
  Coverage if your yacht accidentally discharges into your favorite lake.

• Medical payments
  Coverage for injuries suffered during a boating accident.

  Paid crew (Jones Act)
  Coverage for those who run and maintain your yacht.

• Protection and indemnity
  Coverage in the event that you are responsible for injuries to another person, or damage to their boat or property. Wreck removal is included with the purchase of hull coverage.

Optional yacht insurance coverage

• Boat trailer coverage
• Boat lift and boat house coverage
• Fishing tournament reimbursement for fishing boats
• Fishing equipment protection
• Transit and storage coverage
• Trip coverage
• Trip interruption reimbursement
• Coverage for paid captain and crew
• Personal liability coverage if you live aboard your yacht

Save money by customizing your yacht insurance

• Actual cash value coverage (ACV)
  Reduce your coverage to ACV, which factors in the depreciation of your yacht should you have to file a claim.

• Lay-up option
  We’ll discount your yacht insurance premium during the winter months when your yacht is not in use.

• Higher deductibles
  If you can manage minor repairs to your boat on your own, selecting a higher deductible will reduce your premium.

• Windstorm exclusion
  Live in an area that isn’t at risk for a hurricane? You may consider removing windstorm coverage from your policy.

• Liability only
  Coverage in case you damage another yacht and/or person (doesn’t require a survey–even for older boats).