With such a significant investment, it is imperative that your agent understands the luxury yacht insurance market, the coverages you will need as an owner, and has access to the carriers that will competitively compete for your business.
About Luxury Yacht Coverage
Our Luxury Yacht Insurance programs start at $1,000,000 in value and are administered by some of the leading carriers in the world including: Chubb, Travelers, Great American, & AIG. We are able to provide increased limits, including Liability up to $500,000,000, as well leading Physical damage forms with very limited exclusions. These policies will allow flexible cruising areas and coverage for tenders, crew, water toys, and charters. In the event that the vessel is foreign flagged, we are able to provide the needed blue cards to meet country specific legal requirements. Separate pollution policies are available when a certificate of financial responsibility is required.
Custom Yacht Programs
- Agreed Value policies
- Consequential Damage from Mechanical Breakdown
- High Liability, Uninsured, Crew/Jones Act Coverage, Blanket Additional Insured
- Hurricane/Windstorm Coverage – flexible storm plans and Safeguarding Reimbursements
- What is your 12 month/seasonal navigation area – the more we can dial in the navigation, the broader the market and better the rate!
Navigational Limits (we write them all)
- Hurricane date restricted North of Hatteras, FL, OR UNRESTRICTED
- Gulf
- Bahamas
- Caribbean
- Nova Scotia
- Canadian Maritimes
- Pacific
- Pacific Northwest
- Central America
- Mediterranean
- Trans-Atlantic Crossings
- Trans-Pacific Crossings
Why Maritime Insurance
Within our Agency, we have 5 agents with specific expertise in the luxury yacht insurance market. This allows us to provide unparalleled access to markets, a deep understanding about the policy forms and the differences within them, personal relationships with the underwriters, and assistance in the claims process.
Our agents working on these lines of business are available 24/7 with experienced backup support if for some reason your Agent is not available. We can assure your asset will be covered to cruise the high seas, entertain charter clients, or while at port on lay days so you can enjoy the luxuries your yacht is meant to provide with peace of mind.
Types of Coverage Available
Types of Vessels:
- Private Pleasure
- Six Pack Charters and Inspected Vessels
- Incidental Charters (Varies between 10-21 / year)
- Full-time Cruisers / Liveaboard
- Great Loopers
- Custom / Semi-Custom Sportfish, Trawlers, Long Range Cruisers, & “Down East” Boats in excess of $250,000
- Yachts over $1,000,000 with a full-time captain
- Yachts over $1,000,000 with owner / operators
Navigational Areas:
- United States
- Bermuda
- Bahamas
- Turks & Caicos
- Canada
- Mexico
- Caribbean
- Atlantic & Pacific Crossings
- Panama Canal Crossings
- South America
- Mediterranean
Our Customers Love Us
As a matter of context, this was our first boat ownership experience. So Adam did a great job walking us through the various boater-related risks and perils and related coverages, including how the boat insurance integrates with our other insurance coverages (umbrella). He made excellent recommendations and was a terrific thought partner. His service was professional and he delivered as promised. And while I hope that I’ll never need to file a claim, I am confident I can count on Adams continued professionalism and support should that day come.
About Luxury Yacht Coverage
Our Luxury Yacht Insurance programs start at $1,000,000 in value and are administered by some of the leading carriers in the world including: Chubb, Travelers, Great American, & AIG. We are able to provide increased limits, including Liability up to $500,000,000, as well leading Physical damage forms with very limited exclusions. These policies will allow flexible cruising areas and coverage for tenders, crew, water toys, and charters. In the event that the vessel is foreign flagged, we are able to provide the needed blue cards to meet country specific legal requirements. Separate pollution policies are available when a certificate of financial responsibility is required.
Custom Yacht Programs
- Agreed Value policies
- Consequential Damage from Mechanical Breakdown
- High Liability, Uninsured, Crew/Jones Act Coverage, Blanket Additional Insured
- Hurricane/Windstorm Coverage – flexible storm plans and Safeguarding Reimbursements
- What is your 12 month/seasonal navigation area – the more we can dial in the navigation, the broader the market and better the rate!
Navigational Limits (we write them all)
- Hurricane date restricted North of Hatteras, FL, OR UNRESTRICTED
- Gulf
- Bahamas
- Caribbean
- Nova Scotia
- Canadian Maritimes
- Pacific
- Pacific Northwest
- Central America
- Mediterranean
- Trans-Atlantic Crossings
- Trans-Pacific Crossings
Why Maritime Insurance
Within our Agency, we have 5 agents with specific expertise in the luxury yacht insurance market. This allows us to provide unparalleled access to markets, a deep understanding about the policy forms and the differences within them, personal relationships with the underwriters, and assistance in the claims process.
Our agents working on these lines of business are available 24/7 with experienced backup support if for some reason your Agent is not available. We can assure your asset will be covered to cruise the high seas, entertain charter clients, or while at port on lay days so you can enjoy the luxuries your yacht is meant to provide with peace of mind.
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