Great American provides comprehensive coverage for Luxury Yachts valued between $2 million to $25 million. Coverage is available to U.S. and Canadian owners. While coverage is available for privately owned yachts, we can provide coverage under a corporate Named Insured and include occasional charter exposures.

Individual-Account Approach to Service

  • Risks are individually underwritten by a team of dedicated and experienced yacht underwriters.
  • Support provided by commercial ocean marine claims unit.

Two Policy Forms

  • 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

Key GAIG Coverage Differentiators

  • Industry Leading Additional Coverage.
  • Deductible waiver for:
    • Fire damage originating away from the yacht.
    • Not only damage to the boat, but also for damage caused by cinders on soft goods and soot clean up.
    • Manufacturer’s defect (most carriers do not even provide this coverage)
    • Loss caused by yard personnel.
    • 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

Only U.S. Yacht Underwriter that can provide a comprehensive yacht policy and a pollution / COFR product. Learn more about our pollution coverage.

Rick Salway
Divisional Vice President
Office: 212-510-0115
rsalway@gaig.com

Additional Luxury Yacht Contacts