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Specializing In Charter Boats and Fishing Guides

We are your Navigator when it comes to insuring your Charter, Boat Rental and Marine Tours business. We’ll help you chart the best course to affordable yet complete coverage – and then let us take the helm!

We deliver the best of both worlds.

Marine Insurance Coverage at the best price and exceptional personal service the minute your policy is in place. We want to be your trusted partner and resource.

Let us do what we do best so that YOU can do what YOU do best.

Our Team is ready to draw upon our 20+ years of insuring Charter Operations, Marine Tours and Private Vessel Owners to give you local service and global reach!

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WHAT WE OFFER

Jeff Green has held a variety of sales and management roles at life insurance companies, Wall street firms, and distribution organizations over his 40-year career.  He was previously Finra 7,24,66 registered and held life insurance licenses in multiple states. He is a graduate of Stony Brook University.

Small business owners can turn a hobby into a way of life when they start a charter boat company. If you are starting a business to share your love of the open water for a profit, you should think about what kind of insurance you need to carry to keep you and your passengers safe. 

Maritime law requires charter boat businesses to meet very specific insurance coverage requirements. While you may be talented at the helm of a boat, navigating the rocky waters of maritime insurance can be a challenge.

You can use this independent agent matching tool to find the best insurance solution in your area. Provide some details about what you're looking for, and the tool will recommend the best agents for you. Any information you provide will be sent only to the agent you pick.

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What Are Charter Boat Business Requirements?

Starting up a charter boat business requires a large initial investment and sound strategic planning. If your charter boat can carry more than six passengers, the vessel must be certified by the US Coast Guard before it can be used for business purposes. 

To operate a charter boat, you must have a captain’s license and should be certified in first aid and CPR. Finally, you will need to obtain a maritime insurance policy specifically designed for charter boat businesses.

What Does Charter Boat Insurance Cover?

The two main components of charter boat insurance coverage are:

• Protection and indemnity coverage
• Hull and machinery coverage

Protection and indemnity coverage is typically known as liability insurance . It covers any bodily injury or third-party property damage that you may cause while operating your boat. 

It also provides coverage for legal fees and court costs if your business should be sued due to an accident or injury. The main purpose of this insurance is to protect your business from financial ruin if you are sued.

Hull and machinery coverage compensates you for damage to the vessel, including the engine, navigation equipment, deck machinery and electronics. It applies when your boat sustains loss or damage after a collision, fire, theft, vandalism or a destructive weather event. 

You can elect named-risk or all-risk coverage. The purpose of this coverage is to ensure that you can repair or replace your boat when necessary, and thus can continue your business operation.

How Much Charter Boat Insurance Do I Need?

Because you have invested a large sum of money in your charter boat business, make sure your investment is suitably covered by an inclusive insurance policy. Be sure to completely assess your risks and coverage needs when shopping around for your policy.

When it comes to liability coverage , most insurance professionals agree that purchasing as much coverage as possible is advisable. In today’s litigious society, an injury lawsuit can prove to be expensive enough to hurt your business. 

Having high liability limits will ensure that you have enough coverage if one or more people are injured in an accident. You can also consider an umbrella liability insurance policy to further raise your liability coverage. Check with your agent to see which option is the best for your needs and risks.

What Charter Boat Insurance Coverage Options Do I Have?

There are many different kinds of charter boat businesses, like companies that provide scenic tours and fishing excursions. Likewise, there are many variations in insurance needs and coverage types.

When discussing charter boat insurance coverage and options, you may come across unfamiliar industry terms. A general understanding of these terms can help you discuss policy options with an insurance agent. Here are a few phrases commonly used in the industry:

• Full-time charter coverage: This type of commercial insurance coverage allows for year-round coverage, including day trips and extended charters.
• Part-time charter coverage: This is a modification of a personal pleasure craft insurance policy that allows owners of yachts to use their boats commercially as charter boats for a set number of days a year. Most policies allow for 10 to 20 days of coverage per year.
• Jones Act/paid crew coverage: The Jones Act, also known as the Merchant Marine Act of 1920, requires every member of the crew to be individually covered for liability if they sustain an injury while on board. Some insurance companies require the names of all crew members aboard each vessel before it departs. This can make things tricky when it comes to last-minute hires or pick-up crews.
• Bareboat charter coverage: This is a special type of boat rental insurance coverage that you will need if another person operates your boat and you are not on board. Anyone chartering your boat must sign a statement absolving your business from liability in the event of an accident or injury. Bareboat coverage policies will usually limit the number of people that can be aboard the boat during the charter run.
• Six-pack charter coverage: This is full-time commercial charter boat coverage designed specifically for boats carrying no more than six people at a time. These boats are not required to be US Coast Guard certified.
• Shore excursion coverage: This is an option that can be added to your protection and indemnity insurance to provide liability coverage for your customers before and after they step onto the boat. Without this additional coverage, you would not have liability protection if a customer were to slip and fall immediately after exiting the vessel, unless it was covered under your business insurance plan.

Is Charter Boat Insurance Expensive?

The cost of insuring one or more charter boats can be high. However, the coverage is necessary, not only because it is required by law, but because without it, a single accident could potentially bankrupt your business. 

Because your insurance policy will be one of your business’s main expenses, it is important that you choose your carrier and policy options carefully.

The Policy Has to Match the User

Your charter boat business will have unique coverage needs based on the boat (or boats) you are insuring, the number of employees you have, the services you are providing to your customers, and the risks you may face due to operating a business on the water. 

You will therefore need a specialized charter boat insurance policy that is suitable for your particular business model.

Use this independent agent matching tool to find the best insurance plan in your area. Provide some details about what you’re looking for, and this technology will recommend the best agents for your needs. Any information you provide will be sent only to the agents you pick.

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We Specialize in Charter Insurance for Boats, Marine Vessels and Yachts

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Competitive Marine Insurance Rates for Occasional Charters

Charter boats have special insurance requirements. Marine Underwriters Agency offers competitive rates for occasional charter coverage. Whether it be pollution coverage, hull policies, or machinery there are a lot of elements in charter boat insurance. You might have divers and crew that need to be covered, or even personal watercraft as additional needs on your charter.

When you submit a quote , one of our experienced underwriters will compare quotes from several top rated insurance companies to help keep you protected at the most competitive price. Contact us today to get a quote.

What types of Charter Boats Need Insurance?

Like most businesses, there are certain licenses and insurance coverage that are going to be necessary to effectively and legally run you business. Whether you have a sport fishing boat, an eco tourism business, a whale watching boat, or a sailboat charter boat chances are your state will require some sort of charter insurance coverage. Marine Underwriters has decades of experience in charter boat insurance and we will be happy to provide a quote.

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The CharterBiz Marine insurance plan is available worldwide for most charter operators and covers your boat, its equipment, gear, and liability. Optional coverage for Captain & Crew is also available. The plan is managed by Offshore Risk Management .

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If GEICO Marine is unable to offer a quote, your information may be shared with non-affiliated insurance companies, CHUBB and American Modern, so that they may provide a quote. Both of these non-affiliated insurers have sole financial responsibility for its own insurance products. By clicking “Get a Quote,” you agree that the information you provide can be shared with our business partners.

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BoatUS and GEICO have teamed up to bring boaters a great boat insurance policy at a great price. Serviced by boating experts our coverage options for boaters of all kinds can’t be beat.

Check out our policies and add-on coverage options for a custom policy you can only find here.

The best marine insurance protection for your boat, engine and gear. Pays you the most in the event of a claim — the agreed value when you buy the policy for total losses and parts are replaced "new for old." Available for all boat types, excluding PWC.

This boat insurance coverage lowers your premium by paying you the current market price for your boat in the event of a total loss. Recommended for smaller boats, personal watercraft and boats without a lien holder.

Our lowest cost marine insurance policy providing essential liability coverage to protect your assets without the added cost of hull coverage. Includes salvage and wreck removal. Available for boats with no lien holder.

Custom Add-on Coverage Options

Provides liability coverage that may be required by a marina's dock contract.

Allows for paid passengers for the purposes of fishing, sight-seeing, or day cruises. Maximum of 6 passengers onboard plus the captain while being used for charter.

Usually excluded, this endorsement provides coverage for ice and freeze damage if you have your boat winterized by a marine professional.

Provides a guarantee for claims-related repairs made at an approved facility for as long as you own and insure the boat through BoatUS. (Available with Agreed Hull Value Coverage only.)

This endorsement lowers the deductible for claims relating to the dinghy and/or the dinghy's motor resulting from theft or damage to $100.

This endorsement lowers the deductible for claims relating to navigational electronics to $250.

Provides coverage to the lower unit of the insured outboard engine and outdrive due to mechanical breakdown which is usually excluded in the policy. Available with Agreed Hull Coverage only. Disappearing deductible does not apply. Click here for additional information.

Coverage for fishing and watersports equipment and personal items such as cell phones, tablets, stereos and clothing lost or damaged while on board or while being loaded or unloaded from the boat. For competitive anglers or water sport enthusiasts, Tournament Reimbursement fees are also covered under Personal Effects.

To ensure that you or your family do not incur large out-of-pocket expense if injured onboard, our policies also include an additional $25,000 for payments not covered by any major medical policy. This coverage is in addition to the medical payments limit you select with your policy.

Get Unlimited Towing from TowBoatUS at our lowest price - as little as $3 a month for the insured boat. Pricing varies with the length and location of your boat. Click here for additional information.

When you insure your trailer, roadside assistance while trailering your boat is included.

Unlimited Towing from TowBoatUS – the Nation’s Largest Fleet

Add Unlimited Towing to your boat policy for as little as $3 a month based on boat size and location.

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For a quote, visit our Online Application or call 800-283-2883 for personal service.

All coverage is subject to terms, conditions, limits and exclusions of the policy. Not all policy options are available in all states. Boat and PWC policies are underwritten by GEICO Marine Insurance Company with administrative offices at 5323 Port Royal Road, Springfield, VA 22151. GEICO Marine Insurance Company is domiciled in Omaha, NE, and coverage is offered in all 50 states and the District of Columbia to boat owners with a U.S. address. View the GEICO Marine Insurance Company Privacy Policy & Notice of Collection .

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The premier national marine insurance agency, we are specialists in the boat insurance industry. whether your coverage is for personal watercraft or a charter boat business, we cast a wide net of options to best suit your insurance needs..

For over 30 years, we’ve provided insurance for boats, yachts, charter boats and mega yachts throughout the United States. Be it a 11ft Seadoo PWC, 45ft Sports fisherman or a 330 Custom Mega Yacht, let our 30+ years in marine insurance work for you. Experience at the Helm matters. Experience in vessel insurance matters. Let our Experience work for you!

How Experience Makes Us Better

• We are marine insurance specialists that live, breathe, and cruise boats just like you do.
• We work for you the client, and negotiate the best rates possible on your vessel.
• You get an experienced Marine Agent with direct contact via phone or email, you won’t be stuck on hold like those other insurance companies!
• When you  Request A Free Quote , we market you to all the leading companies writing marine insurance, you do not just get one quote with one company, but the 3 best quotes for your unique risk.
• We are always adding new insurance companies to complement market needs.
• Why call 4 different agents when we have all the leading boat insurers?

When you have 5 minutes,  Give Us A Try  and see how we stack up against your current policy.

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Charter Marine Insurance

If you earn a living via charters, tours, rentals, watersports, or leisure sports, you need to protect your vested interests - your business and your vessels. All of these operations come with a high degree of responsibility and require a large investment on your part. Whether you are seeking boat charter insurance, yacht charter insurance, bareboat charter insurance, or any other type of charter marine insurance, our professionals can help.

We will make sure you are protected from watercraft damage or loss, customer lawsuits, shoreside losses, emergency haul-out expenses, workers' comp claims, and much more. It will be smooth sailing with a quality boat charter insurance program that fits your business and budget. 

Thank you for your request.

An expert will reach out to you within the next 24 hours.

Charter Marine Insurance Protects: 

• Bareboat or demise charters
• Captain/crewed charters 
• Dive boat and tour operators 
• Daily rental and PWC rental operators
• Commercial watersports operators 
• Leisure sports operators 
• Delivery skippers, crews or captains 

Protect yourself from: 

• Watercraft damage, loss, or theft
• Personal property damage or loss
• Store and shoreside stock and equipment losses 
• Hurricane and emergency haul-out expenses 
• Emergency accommodation, towing assistance, and gas delivery 
• Third-party actions brought against you or your vessel 
• Negligence and mistakes leading to lawsuits and damages 
• Loss of income due to business interruption 
• Bodily injury and property damage to others 
• Medical payments 
• Marina liability 
• Mechanical breakdown 
• Environmental or pollution exposures 
• Workers' comp claims from captains and crew  

What is charter marine insurance?

Charter marine insurance—commonly referred to as boat charter insurance, yacht charter insurance, and bareboat charter insurance—is coverage that protects marine businesses such as charters, tours, rentals, watersports, and leisure sports. A quality boat charter insurance policy will cover things like watercraft damage or loss, customer lawsuits, shoreside losses, emergency haul-out expenses, workers’ comp claims, and much more. Speak with an insurance agent that specializes in boat charter insurance, yacht charter insurance, bareboat charter insurance, or commercial marine insurance to get a quote.

Who should buy boat charter insurance, yacht charter insurance, or bareboat charter insurance?

Any business that focuses on boat or yacht charters, tours, or rentals would benefit from having boat charter insurance, yacht charter insurance, or bareboat charter insurance. This coverage protects you from physical damage or loss of your vessels, store and shoreside stock and equipment losses, personal property damage, emergency haul-out expenses, and much more. Discuss your options with an insurance agent that specializes in boat charter insurance, yacht charter insurance, or bareboat charter insurance to get a quote.

What type of boats and watercrafts are covered by boat charter insurance?

Boat charter insurance policies are tailored to specific watercraft businesses. Most vessels can be covered, such as cruising boats, jetboats, motorboats, sailboats, fishing boats, pontoon boats, cabin cruisers, yachts, jet skis, WaveRunners, Sea-Doos, and submersibles. We also specialize in covering other leisure sports such as kite boarding, parasailing, hang gliding, kayak rentals, rafting, air boats, guided tours, zip lines, surf boards, and even beach chair rentals. Our team specializes in boat charter insurance, yacht charter insurance, and bareboat charter insurance. They can answer your questions and provide a quote for your unique business.

What coverages are included in a boat charter insurance policy, yacht charter insurance policy, or a bareboat charter insurance policy?

There are many different types of coverages available to the charter marine industry. Most policies for boat charter insurance, yacht charter insurance, and bareboat charter insurance provide protection against watercraft damage or loss, personal property damage or loss, store and shoreside losses, emergency haul-out expenses, lawsuits and damages from negligence, bodily injury and property damage to others, medical payments, pollution exposures, and even workers’ compensation claims from captains and crew. Depending on the focus of your business, an experienced agent that specializes in these coverages can make appropriate recommendations.

What is Lifeline Emergency Expense Reimbursement coverage?

Lifeline Emergency Expense Reimbursement coverage defrays the cost of emergency accommodation and towing expenses. Our exclusive LifeLine plan covers emergency expenses most marine policies do not cover, such as: Accommodation, airline tickets, towing and salvage charges, emergency delivery of fuel, a battery and/or jump start, and repatriation for a medical emergency. Our personal marine insurance specialists can explain this exclusive coverage in more detail.

What is “Yachthaul” haul-out expense reimbursement coverage?

Most personal marine insurance policies DO NOT cover preventative haul-out expenses, but they are covered under our exclusive YachtHaul plan. YachtHaul is coverage that helps defray the cost of emergency haul-outs. YachtHaul pays up to $10,000 for: Delivery to the yard including Skipper’s fees, lay-days, haul, block and launch, and removal and safe storage dodger, cover, sails and other equipment normally stowed on deck. Our professionals can explain this specialized coverage in more detail.

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Welcome to Gallagher Charter Lakes

We specialize in marine insurance and look forward to serving you today, get a quote today, why gallager charter lakes.

Our team of Marine Underwriters has over 120 years combined experience and is dedicated exclusively to marketing and underwriting Marine Insurance. Our years of experience enable us to know the markets and more quickly respond to your needs. We are passionate about helping you find the broadest coverage at the most competitive price. Equally important is the service you receive after the sale. Charter Lakes' customer service representatives have the experience and knowledge to assure you will receive fast, professional and courteous attention. We have dedicated marine claims specialists available 24 hours a day, seven days a week to help you through the claims process should you have an unfortunate incident. Let us show you why working with Charter Lakes is the best solution for all your Marine Insurance needs.

We are your best choice:

• A True Specialist focused 100% on Marine Insurance.
• Representing the strongest underwriters in the industry.
• An extensive understanding of the marine insurance marketplace.
• Experienced underwriters focused on finding the best solution for clients.
• Dedicated Customer Service to assist any service need.
• State of the art technology to better serve you.
• Financial Security - Gallagher Charter Lakes represents only "A" rated insurance companies. Financial stability equals piece of mind.
• 24 Hour Claims Service - Insurance is only as good as the service you receive if you have a claim. We take that promise seriously and are obsessed with providing our clients with the best claims service in the business.
• We have the authority to act as an advocate for our clients since we are specialists.

Latest from The Helm Blog :

Hurricane storm preparation.

HURRICANE SEASON is upon us:    Hurricane season has begun, and we have seen the devastating effects from the winds and rain, in the past.

It is still, summer and a great time to enjoy the water; by the beach or on a boat. This can make an impending storm especially stressful.

Marine Insurance Protection Above and Beyond Since 1989.

Since 1989, Anchor Marine Underwriters has been providing exceptional service to our clients throughout the United States. Our clients include boat and yacht owners, charter operators, commercial vessels, floating property owners, personal lines clients and owners of marine-related businesses. Our knowledgeable staff has over 75 years’ worth of combined experience in marine insurance and related fields.

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Get a boat insurance policy to protect your investment.

Boat insurance is crucial for protecting your investment, whether you're navigating lakes, rivers, or ocean waters across the United States. With GEICO for your boat and BoatUS–the nation's largest group of recreational boat owners–you're backed by a partnership with over 50 years of experience in making boating safer and more enjoyable.

Whether you're looking to start a new policy or find savings on an existing one, we're here to make boating better. Get started with a free boat insurance quote today and benefit from competitive rates without compromising on service. Protect your peace of mind and enjoy the waters with confidence, knowing that you have reliable coverage from names you can trust.

Why do you need boat insurance?

A boat insurance policy helps protect you and your boat. If you don't have a separate boat insurance policy, you're probably underinsured. This could mean paying a lot out of pocket for accidents outside your control. Many homeowners policies cover minor boating risks but don't cover your needs sufficiently due to:

• Size restrictions
• Limitations on horsepower
• Limits on damage coverage

Boat insurance can provide coverage for:

• Damage to your boat including hull, sails, equipment, and more.
• Fuel spill liability
• Liability to pay for damages and injuries you cause if you hit another boat, person, or dock
• Medical coverage for you and persons in your boat.
• Wreckage removal

Check out our "boating insurance explained" video for more reasons why boat insurance is a smart idea.

What types of watercrafts are covered by boat insurance?

All boats aren't the same. You need to customize your boat insurance to meet your needs and provide your watercraft with the proper coverage. Here is a list of the most common types of watercrafts.

• Pontoon boats are one of the most popular inland water boats. They are a flattish boat that rely on floats to remain buoyant. Their wide and spacious area is great for many passengers to enjoy the ride.
• Personal watercraft (PWC) are powered by a water jet pump and the rider generally sits, stands, or kneels on it. There are many types of PWCs which include WaveRunners, Sea-Doos and more.
• Fishing and bass boats are designed and equipped for fishing. Most are powered by an outboard motor and are equipped with power poles, trolling motors, etc.
• Powerboats are the most popular type of boat used for cruising, watersports, and so much more.
• Sailboats are propelled partly or entirely by sails.

If you don't see your watercraft listed and are looking for more information on different types of boats and insurance for boats, check out our boat FAQ page .

What does boat insurance cover?

Understanding the different types of boat insurance coverage is crucial for ensuring your watercraft and your finances are protected against on-water incidents. At GEICO, we offer a variety of coverage options to suit every boater's needs, including:

Liability Coverage

Essential for all boat owners, liability insurance covers damages and injuries to others if you're at fault in an accident. This includes costs associated with injuries, property damage, and legal fees.

Hull and Equipment Coverage

Hull and Equipment Coverage protects your boat if it collides with another vessel or object. It also covers non-collision-related damages to your boat, such as those from fire, theft, or storms.

24/7 Boat Towing*

Boat towing coverage assists with towing costs and provides emergency services if your boat breaks down or you get stranded, so you can have peace of mind on the water.

Each type of coverage provides specific protections, allowing you to customize your policy according to your boating lifestyle and the risks you might encounter. Whether you're a casual weekend sailor or a dedicated marine enthusiast, understanding and selecting the right boat insurance coverages can make all the difference. Choose the boat insurance coverage that best fits your needs and sail with confidence knowing that GEICO has you covered.

How much does boat insurance cost?

Boat insurance is based on the type of boat, length, number of engines and horsepower, how you use it (recreation, charter, racing, etc.), and how and where it will be stored. All of these factors, including the experience and claims record of the owner/primary operator will factor into the cost of boat insurance.

Boost Your Savings With our Boat Insurance Discounts

GEICO offers several boat insurance discounts to help make coverage more affordable for boat owners. Some discounts include:

Multi-Policy Discounts

Save on boat insurance by bundling it with your GEICO Auto or additional GEICO Marine policy.

Boat Safety Courses

Discounts are available for boaters who have completed an approved boating safety course such as State Certified Safety , American Sailing Association Course , U.S. Power Squadrons , Charter Boat Captain's License, and U.S. Coast Guard Auxiliary .

Full-Pay Discount

Paying your policy in full upfront instead of in installments can lead to savings.

It's always a good idea to speak directly with a GEICO representative for the most current information regarding discounts and how you might be able to apply them to your policy.

Secure Your Boat Insurance Today

Don't wait until it's too late to think about protecting your boat. At GEICO, we offer tailored boat insurance policies designed to meet the unique needs of every boater.

Take action now! Get a free, no-obligation quote today, or speak directly with one of our specialists. They're available to answer your questions and guide you through your policy options, ensuring you have the perfect coverage for your boating lifestyle.

Call Us: (855) 395-1412

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Boat Insurance FAQ

• Is boat insurance required? Boat insurance liability coverage is only mandated in a few states, so always check insurance requirements for the state you're boating in. Physical damage coverage is required by your lender if you're financing your boat or watercraft. If you keep your boat at a marina, the marina may require you to have liability coverage.
• Liability to pay for damages and injuries you cause if you accidentally hit another boat, person, or dock

There are some types of watercrafts that are not eligible for a GEICO boat policy including but not limited to:

• Airboats, amphibious land boats or hovercraft
• Boat with more than 4 owners
• Boats over 50 feet in length
• Boats over 40 years old
• Boats valued over $2,500,000
• Floating homes
• Homemade boats
• Houseboats that do not have motors
• Steel hulls
• Wooden hulls
• Watercraft previously deemed a constructive total loss
• Does boat insurance cover theft? Our Agreed Hull Value, and Actual Cash Value policies protect against damage to your watercraft from incidents out of your control, including theft.
• How do I make a payment or manage my boat insurance policy? Managing your boat insurance policy and making payments is easy in the BoatUS app. You can also manage your policy or make payments online , or by calling (800) 283-2883 .
• How do I report a claim on my boat insurance policy? You can report your claim through the BoatUS app. Claims can also be reported online , or by calling (800) 937-1937 .

GEICO has teamed up with its subsidiary, BoatUS, to bring boaters a policy developed by specialists, with the great service you expect from GEICO. Policies are underwritten by GEICO Marine Insurance Company. BoatUS—Boat Owner's Association of The United States—is the nation's largest association for recreational boaters providing service, savings and representation for over 50 years.

The above is meant as general information and as general policy descriptions to help you understand the different types of coverages. These descriptions do not refer to any specific contract of insurance and they do not modify any definitions, exclusions or any other provision expressly stated in any contracts of insurance. We encourage you to speak to your insurance representative and to read your policy contract to fully understand your coverages. Some discounts, coverages, payment plans, and features are not available for all customers, in all states, or in all locations.

*Boat and PWC coverages are underwritten by GEICO Marine Insurance Company. The TowBoatU.S. Towing Coverage Endorsement is offered by GEICO Marine Insurance Company, with towing services provided by the BoatU.S. Towing Program. Towing coverage only applies to the insured watercraft.

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Yacht Insurance

Protect your superior watercraft with superior protection from Chubb.

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. Being on the water is an experience of peace, calm, and new adventures on the horizon. It’s an experience you want to protect. Our Masterpiece® Yacht insurance policy offers superior coverage for pleasure yachts 36 feet or greater in length. And for captained vessels 70 feet or greater in length and valued at $3 million or more, our  Masterpiece Yacht Preference policy has the specialty coverages you and your crew need.

Masterpiece® Yacht Policy Highlights

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.

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.

*Source: 2016 Recreational Boating Statistics, United States Coast Guard

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.

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

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.

Related Coverage

We provide exceptional boat insurance with tailored protection.

We help you stay ahead — and informed with these helpful tips and tricks

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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