We provide innovative and comprehensive coverage for Luxury Yachts with values starting at $2 million and including a requirement for a full-time professional crew. Coverage is available to U.S. and Canadian owners. While our appetite focuses on private pleasure yachts, we can issue policies for corporate Named Insureds and include occasional charter exposures.
Comprehensive Protection Options for Luxury Yacht Insurance
Our two policy forms include:
- ADVANCED is Industry Leading by design.
- PRO is Industry Competitive – similar to most offerings, but still broader.
- HULL ONLY is available on each contract.
- Easy-to-read forms and Declarations pages
Additional Luxury Yacht Insurance Coverage
In addition to our two policy forms, we offer the following coverage options designed to provide comprehensive protection:
- Deductible waiver for:
- Fire damage originating away from the yacht - Not only for damage to the boat, but also for damage caused by cinders on soft goods and soot clean up.
- Manufacturer’s defect - Most carriers don't provide this coverage.
- Collision caused by another vessel.
- Crew coverage included; Medical Payments and Wage Continuance
- Full payment for Preventative Measures up to policy coverage limit, no aggregate
- Pollution and Certificates of Financial Responsibility – We are the only U.S. Yacht Underwriter that can provide a comprehensive yacht policy and a pollution / COFR product.
Why Choose Great American Luxury Yacht Insurance?
Our individual-account approach to service means that risks are individually underwritten by a centralized team of skilled yacht underwriters, with a combined average experience of 20 years. This approach is further supported by the Great American Ocean Marine Claims team, which includes knowledgeable yacht, hull and P&I adjusters. Together, these experts provide comprehensive and specialized support, ensuring that each account receives dedicated support.
To learn more about our coverage options, contact us today:
Contact
Rick Salway
Divisional Vice President - Luxury Yacht Underwriting
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