Luxury Yacht Riskopolis

Property Damage

All-risk policy covering physical loss or damage to the yacht and its machinery. This agreed-value policy protects the hull, equipment, electronics and more against common perils such as fire, theft, collision and weather-related damage within navigational limits.

Liability

Provides protection against third party liability for property damage, bodily injury or death, including legal defense and pollution liability. Also includes required crew coverage under the Jones Act and wreck removal costs.

Personal Property

Covers personal items not permanently affixed to the yacht, such as fishing gear, fine art, jewelry, tableware and wine. Coverage for permanently installed items like TVs, rugs and furniture can be found under property damage.

Medical Payments

Provides limits for Insureds, Guests, Captain & Crew who suffered bodily injury while on Yacht, regardless of fault. This coverage carries over to Crew Wage Maintenance and Medical Escort & Travel Companion.

Uninsured & Underinsured Boaters

Uninsured or Underinsured Boaters coverage provides limits to our insureds when they are legally entitled to collect from these uninsured or underinsured boaters. This coverage is a crucial safety net because many states do not require boat insurance.

War Risk

As a buyback option, this clause covers risks like war, terrorism, piracy and civil unrest, which are excluded from standard marine insurance policies.

General Conditions

Among General Conditions coverages, we find Charter Coverage which is essential if the yacht is rented out. It also covers loss of charter hire income and Demonstration and Exhibition.