Our Masterpiece® Yacht policy provides all-risk protection for pleasure yachts 36 feet or greater in length (up to 70 feet) and up to $3 million in value, including select occasional charter opportunities.
Agreed Value Coverage
We pay the entire agreed amount, with no deductible, for a total loss. With our Masterpiece Yacht Select policy, eligible vessels can receive Replacement Cost coverage up to 120%.
Limits of coverage to suit your personal needs, including: legal defense costs, liability as required by the Oil Pollution Act of 1990, wreck removal, and Jones Act coverage for paid crew.
Replacement Cost Loss Settlement
Repair or replacement of covered property is paid for without deduction for depreciation for most partial losses.
Uninsured/Underinsured Boater CoveragePays for bodily injury to persons aboard the insured watercraft who are injured by an uninsured owner or operator of another vessel.
Medical PaymentsReasonable medical and related expenses are included for all those onboard, boarding or leaving the covered vessel. These benefits are provided on a per person basis, rather than per occurrence. Optional and customized limits are available.
Search & RescueUp to $10,000 for the expenses incurred by an insured in relation to a governmental unit such as the United States Coast Guard (USCG) who provide emergency aid and assistance are included for no additional charge. With our Masterpiece Yacht Select option, coverage is available up to $25,000.
Longshore and Harbor Workers’ Compensation Act (LHWCA)When Liability coverage is purchased, coverage is automatically provided for those employed aboard the vessel who are within the jurisdiction of the LHWCA.
Personal Property & Fishing Equipment CoverageProtection is automatically included for the clothing, personal effects and fishing gear of the boat owner and their guests. Optional higher limits are available.
Coverage for Marinas as Additional InsuredMarinas, yacht clubs and similar facilities where clients keep their vessels are included as Additional Insureds.
Trailer CoverageWe automatically include coverage up to $5,000 for your trailer used with your insured vessel. Higher limits are available.
Emergency Towing & AssistanceOur policy includes this coverage with optional higher limits available.
Boat Show & Demonstration CoverageWe automatically provide this coverage, at no additional charge.
Precautionary MeasuresWe will pay up to the policy limit the reasonable costs incurred to haul, fuel or dock the insured watercraft endangered by a covered peril.
Bottom InspectionWe will cover the reasonable costs to inspect the bottom of an insured vessel after grounding, stranding, or striking a submerged object. There is no deductible for this coverage.
Oil Pollution Act of 1990 (OPA) CoverageIf Liability coverage is purchased, our policy provides coverage in addition to the Liability limit, up to the required OPA statutory limits, regardless of the Liability limit chosen. Additionally, if the OPA statutory limit is increased in the future, our policy will automatically increase the applicable OPA limit to match the new higher statutory limits.
Temporary Substitute WatercraftUp to $5,000 to charter a temporary substitute watercraft if the insured vessel is out of commission due to a covered loss and cannot be repaired within 72 hours. With our Masterpiece Yacht Select policy offering, the limit of Temporary Substitute Watercraft is increased to $10,000.
Marine Environmental Damage CoverageThis feature provides protection up to $10,000 for fines and penalties as a result of marine environmental damage, as defined by the policy terms. Coverage is provided in addition to the insured's applicable Liability and OPA limits. With our Masterpiece Yacht Select policy offering, the limit of Marine Environmental Damage Coverage is increased to $25,000.