Contact us


Send us an email!

Contact details:


Your message has been sent successfully. Close this notice.

Request Info

Contact Information

Vessel Information

Your quick form has been sent successfully. Close this notice.

Report A Claim

Your quick form has been sent successfully. Close this notice.

Information/Change Request

Your quick form has been sent successfully. Close this notice.

Contact Us

Your quick form has been sent successfully. Close this notice.
1 year ago · by · 0 comments

Insurance Considerations for Your Charleston, SC Charter Boat Business


If you are operating a charter boat business in the Charleston, SC area, then it is wise to understand some key pieces of information about charter boat insurance in this region. Being well informed is crucial to ensure that you have the proper coverage and knowledge you need to protect your charter boat business.

Here are some of the top charter boat insurance considerations for your Charleston, SC, charter boat business.

Loss of Charter Income

If your vessel goes out of commission as a result of a covered claim, you will want to understand if your policy will provide any loss of Charter Hire Income while you are down.  Some carriers will provide limited amounts for Charters already booked, however some of our carriers will allow us to customize the loss of Charter hire income to meet your specific needs.

Partial Loss Depreciation

 Most claims on Charter Boats are partial losses, where only a portion of your vessel is damaged and in need of repair. For guide boats, this is often a lower unit. It is important to note, for instance, that once outboard motors reach a certain age (which varies between companies), there will be depreciation applied at the time of the loss. This same principle will hold true for canvas and electronics as well. This is an important point that many don’t think about until there is a claim. Additionally, if you have upgraded any of these items, it is important to maintain receipts so you can supply them to your carrier at the time of loss—as it may eliminate the need for depreciation.

Overnight Guests

While this consideration is usually for the larger Charter Yachts, it is important for clients to know that most six passenger charter yacht policies will exclude coverage for over-night stays unless the captain remains onboard the yacht. We have come across a number of people who believe that B&B and overnight stays are covered under a traditional 6 pack policy, but this is not usually the case. Policies will generally require endorsements to pick up this additional exposure. Absent the endorsement, the carrier has the ability to decline coverage for these losses.

There are different charter boat insurance policies for inspected and uninspected vessels.

Six passengers or more? That is the question. If you plan to have over six fare paying passengers on your vessel, there will likely be a need for the vessel to have an inspected passenger vessel policy and a Certificate of Inspection by the USCG.  There are some scenarios where this does not hold true. For the vast majority of clients, however, this is the case.  If you are operating without a COI & Inspected vessel policy and have over six passengers on your vessel, it is vital that you discuss this with your insurance agent to make sure your policy will respond in the event of a claim.

Your local marine insurance company is also a national leader in marine coverage.

If you run a charter boat business in Charleston, SC, you’ll be pleased to know that your local marine insurance company, Maritime Insurance International, is also a leading provider of coverage across the U.S. We work with an extensive carrier network to provide a range of coverage options for both inspected and uninspected vessels.

Contact us today. Our agents will help you find the best charter boat insurance policies for your needs.




Not found any comments yet.

Leave a reply

Your email address will not be published, and your website url is not required.

Company Information

Maritime Insurance International
3 Lockwood Drive
Suite 302A
Charleston, SC 29401

Mystic, CT Office:
P.O. Box 30
West Mystic, CT 06388-0030

Annapolis, MD Office:
P.O. Box 3505
Annapolis, MD 21403

Contact Details

Phone: 843.606.5270
Fax: 888.482.6844

Monday - Friday: 9:00am - 5:00pm


This page is having a slideshow that uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser.

Professional, & courteous every time we've spoken. I would highly recommend ​t​his agency for boat insurance.
Carol P.
Very helpful and easy to work with.
Kevin D.
Excellent and prompt service.
Bruce B.
Terrific custom service and extremely well informed.
Amy D.
Nick does a great job, very responsive service, good products.
Charles C.
Great people, prompt service and they know their policies.
Banff L.
Been with this company since 2011, had one claim and it was settled to my satisfaction very promptly, never had any type of problem. I would highly recommend them based on the service I have gotten from them.
Barry B.
Nick McGinty & his team are top notch. Friendly, responsive, knowledgeable...Recently had an issue that was resolved quickly. They insure both my vessels and highly recommend them.
Great service, great prices and flexible pay plans
Alan B.
Easy to do business with. Knowledgeable, and good price comparisons.
Lawrence L.
The personal service and contacts I have with Maritime Insurance make me appreciate their "product" so much more than just sending my premium to some P.O. Box! Good people standing behind their service! Sincerely, Ken Byrd Pres. Charleston Yacht Carpentry Inc.
Ken B.
I have just bought my first big boat! This is a process that requires people who know what needs to happen and helped me to get it done. Insurance is something that we hope never to need but offsetting the risk in a big purchase ...
Patrick M.
MII has been responsive, prompt in follow-up and competitive in cost quotes. Am pleased with their customer service and already have suggested to a colleague to pursue their services.
Dann L.
This company makes super yacht insurance look easy. Very knowledgeable on vessels over 400 GT and they never miss an email. On my size vessel, there is no reason to shop around. Its the relationship with your agent that is imperative and must be seamless.
Tess R.
Maritime's entire team has always been outstanding!
Rich M.
The Maritime office is excellent. Nicky and Angie always send reminders and are extremely friendly and helpful.
Nicholas H.
Maritime has always been very helpful and user friendly. We contact a lot via email and phone and always get a prompt response. Mahalo!
W. "Kainoa" H.
Maritime agent Garrison Rudisill has been great to work with. He was a tremendous help with our hurricane Matthew claim.
Donna P.
Garrison has been very responsive and was always available and helpful.
Frank H.
Angie Fessler at the Maritime office went above and beyond to find us a policy to fit our event schedule. She is a blessing and we will be using you guys again this year.
Susan & Chris L.
I've never had a problem with this insurance and the price was great as well. My local guy, Garrison Rudisill, always answers my questions and helps me with anything I need.
Shin M.
My experience has been very professional and pleasant. They provided me with what I needed.
David S.
Maritime Insurance was very helpful in insuring our first larger vessel. The staff are very knowledgeable!
Joe S.
Working with these folks has been a real pleasure. They are knowledgeable, friendly and responsive. Easy to do business with.
Normand & Paula R.
NICK'S a stand up guy. He explains your coverage in English not in insurance jargon. Very responsive and easily accessible by telephone and via email.
Clay W.
Since day one, they have been there for us and on one particular day we needed them the most, they were there. We enjoy our relationship with the Charleston Team.
Eric R.
I had a serious claim in 2015 while cruising in the Turks & Caicos islands and I got the very best of service even though I was in another country. They stood behind me while my boat was repaired. It doesn't get any better than ...
Paul M.
This is one of the most responsive, helpful companies I have ever felt with. My calls and questions have always been returned with faster than average turnaround. Extremely helpful. Have always met my expectations. I recommend Nick McGinty and this company to all my friends.
Eric B.
Maritime was right on top of my claim and was extremely helpful in participating in getting the correct documents and professionals to back up my claim. Excellent company!!
Steve W.
They helped me with my claim and they always try to get me the best quote highly recommend.
Steve P.
Nick McGinty and his team are top notch people who understand their customers needs and provide quality insurance products in an efficient timely manner.
David F.
They have exceeded all my expectations. We have multiple policies on several properties, prior to insuring through Maritime insurance this was a nightmare keeping track of things, with Nick and crew its a snap. Its like having a full time person on our staff just ...
Garrison R. has been fantastic to work with and is an asset to the company!
Tyler S.
Very knowledgeable staff who answered all my questions and the rates I received were far superior to anyone else's.
Brian N.
Very responsive, honest and customer service driven. I was surprisingly impressed and my expectations were exceeded.
Jim T.
Thank you Nick for ALWAYS being on the ball. You guys are great!
Thornton L.
I called insurance companies on a Friday to see who would be most helpful and responsive. Maritime Insurance was the ONLY company ready and willing to take information and prepare a quote. The customer service alone was worth using the company.
Andy D.
Fast prompt service, no hassles.
Bill B.
Great initial coverage policy and excellent follow-up skills for renewal...
Michael H.
Has an awareness of the struggles of a small marine service company.. Did a great job finding affordable policy for our specific needs. Great communication and stays on top of my account concerns.
William W.
Found you on internet. Nick McGintry and Nicky have exceeded my expectations. It's as great genuine and heart felt as the Four Seasons staff. And you were competitive.
Susan A.

Which type of insurance are you interested in?


Boats (Under 27′)

Yachts (27′ and Over)

Luxury Yachts

Commercial Vessels

Inspected Vessels

Bareboat, Rentals,
Clubs, B&B



Repair Yards


Small Business

Yacht Brokers


Marine Contactors

USL&H/Jones Act

P&P Bonds

Freight Broker

OTI Bonds

Carnet Bonds

Admiralty Bonds