Mega-Yacht Insurance

  • The Elite Yacht Program fulfills the specialty insurance needs of luxury yacht owners with vessels valued at $3 million or greater.

Exceptional yachts require specialized insurance protection and the Elite Yacht Program provides significantly increased benefit levels for a broad range of coverage, along with many other valuable and unique policy features.

Coverage Highlights

  • Hull Deductible Waiver – When a covered claim exceeds the Hull Deductible amount, no deductible is applied. Also see the ‘Deductible-Free Coverage’ tab below.
  • No depreciation applies on the following items: Machinery inside the hull; Personal Property; Crew Personal Property; Personal Watercraft.
  • Occasional Charter Coverage – Our policy automatically includes this coverage.
  • Medical Payments – The medical payments limit offered is on a per person basis, rather than per occurrence, and we will pay costs incurred up to three years from the date of occurrence.
  • Captain and Crew Coverage – Liability coverage is extended to the captain and crew members serving aboard the insured yacht.
  • Marina as Additional Insured – The marina, yacht club and similar facility where the insured yacht is kept is automatically included as an Additional Insured.
  • 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, the Elite Yacht Policy will permit an insured to waive their rights to subrogation.
  • Legal Defense Protection – Covered payments made for the cost of an insured’s legal defense, related to ownership or use of the insured yacht, are in addition to the Liability limit, up to a maximum of the Liability limit amount.Many other policies simply combine any defense costs into a single Liability limit, whereas the Elite Yacht Program in effect provides an additional level of protection.


  • Our unique Hull Deductible Waiver. Please see Coverage details below.
  • A multitude of deductible-free coverages.
  • Worldwide navigation limits are available.
  • “Blue Cards” for Mediterranean cruising – required as proof of insurance in Italy, Spain and Greece – free of charge.  

Deductible-Free Coverage

No deductible will be applied to the following items:

  • Tenders and Personal Watercraft
  • Trailers used for Tenders and Personal Watercraft
  • Navigational and Communication Equipment
  • Personal Property Limits up to $250,000
  • Crew Personal Property Coverage ($25,000 per crew)
  • Fine Arts Coverage up to $100,000
  • Motorcycle and Moped Coverage to $100,000
  • Rental Reimbursement to $150,000*
  • Loss of Charter Income $100,000*
  • Search & Rescue and Emergency Services Coverage $25,000
  • Living Expense after Loss $5,000
  • Marine Environmental Damage Fines and Penalties up to $50,000
  • Bottom Inspection Coverage
  • Fire Arms Coverage $5,000
  • Passport Replacement Coverage $2,500

*Waiting periods apply to Loss of Charter Income (7 days) and Rental Reimbursement (72 hours) before coverage begins.

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