Yacht insurance,
the way it should be.
Marine insurance for a yacht is fundamentally different from standard boat coverage — and the differences matter when you have a claim.
Boats vs. yachts.
Yachts are vessels 27 feet or more in length. Boats are 26 feet or less. Both deserve excellent coverage, but the policy structures differ significantly.
What makes it that way.
Agreed Value (always choose this). Yacht policies settle total losses at the agreed hull value established at policy inception — no depreciation. This is critical for high-value vessels.
Broader liability (P&I). Yacht P&I coverage covers permissive users, captain and crew liabilities, and the Jones Act — a federal law that allows crew members injured on the job to pursue damage claims.
Salvage and wreck removal. If your yacht sinks, the U.S. Coast Guard requires it be raised. True yacht policies include wreck removal under the P&I limit, not hull coverage, providing far higher limits.
Legal defense outside the limit. In yacht policies, legal defense costs are in addition to your P&I limits — not deducted from them.
Everything you can add.
- Agreed Value hull and equipment coverage
- Broad P&I liability — permissive users, captain and crew, Jones Act
- Salvage and wreck removal coverage
- Uninsured boater protection
- Navigation extensions — Bahamas, Caribbean, Turks & Caicos
- Liveaboard and extended cruising endorsements
- Marine electronics and onboard equipment