Chubb has been a leading provider of yacht insurance for over 100 years, offering some of the most comprehensive policies available for private, pleasure watercrafts.

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%.

  • Liability Protection

    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 Coverage

    Pays for bodily injury to persons aboard the insured watercraft who are injured by an uninsured owner or operator of another vessel.
  • Medical Payments

    Reasonable 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 & Rescue

    Up 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 Coverage

    Protection 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 Insured

    Marinas, yacht clubs and similar facilities where clients keep their vessels are included as Additional Insureds.
  • Trailer Coverage

    We automatically include coverage up to $5,000 for your trailer used with your insured vessel. Higher limits are available.
  • Emergency Towing & Assistance

    Our policy includes this coverage with optional higher limits available.
  • Boat Show & Demonstration Coverage

    We automatically provide this coverage, at no additional charge.
  • Precautionary Measures

    We 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 Inspection

    We 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) Coverage

    If 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 Watercraft

    Up 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 Coverage

    This 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.
Chubb Tips
57% of boating accidents happen on calm days with waves less than 6 inches.
Chubb offers some of the most comprehensive protection and services available rain or shine.

Masterpiece Yacht Preference

Masterpiece Yacht Preference fulfills the specialty insurance needs of luxury yacht owners with captained vessels 70 feet in length and greater, valued at $3 million or more.

  • No depreciation applies on the following items

    Machinery inside the hull, Personal Property, dingy/tender, and Personal Watercraft.

  • Emergency Towing Service

    We include coverage up to the amount of Property Damage with no deductible.
  • Medical Payments

    The medical payments limit offered is on a per occurrence basis, and we will pay costs incurred up to three years from the date of occurrence.

  • Marina as Additional Insured

    The marina, yacht club, or similar facility where the insured yacht is docked, moored, or stored is included as an Additional Insured.

  • Captain and Crew Coverage

    Liability coverage is extended to the captain and crew members serving aboard the insured yacht.
  • Defense Costs

    Defense costs are included in addition to the limit of liability and includes up to $50,000 loss of earnings.

  • Mooring or Slip Rental Agreement Waiver

    When waiver of subrogation is required through a written contract by a yacht club, marina, or similar facility used for the purpose of storage or slip rental, our Masterpiece Yacht Preference policy will permit an insured to waive their rights of subrogation.

Masterpiece® Recreational Marine Insurance Brochure
Masterpiece® Recreational Marine Insurance Brochure
Your client’s guide to watercraft protection. Make sure they’re protected, with the right coverage, so they can relax on and off the water.
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Disclaimer: This information is descriptive only. All products may not be available in all jurisdictions. Coverage is subject to the language of the policies as issued.

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