Yacht Insurance
All boats are not created equal, which is why we offer comprehensive Yacht insurance for a wide range of watercraft — from small boats used on inland waters to “super yachts” cruising worldwide.
| COVERAGE FEATURE | WHAT IT MEANS | WHY IT MATTERS |
|---|---|---|
| "All-risk" Wording | Accounts for fine art, precautionary measures, additional living expenses and more | Broadest coverage available; accounts for virtually all risks |
| Consistent Coverage | Same degree of coverage for vessels of all sizes; no disadvantages for smaller vessels | Adequate protection for all vessels; other carriers may limit coverage on smaller vessels |
| Worldwide Navigational Limits | AIG Companies® have the capacity to provide pre-defined or worldwide navigation based on your specific cruising plans | Dependable coverage for global voyages |
| High, Flexible Limits | Available for both Hull (Agreed Value) and P&I limits | Capacity for large vessels; limits tailored to meet individual needs |
| Flexible Deductible Options | Can adjust deductible to suit your risk retention needs | Assuming more of the up-front risk may result in meaningful premium savings |
| Pollution Protection | Full P&I limit coverage (no sub-limits) for pollution; additional coverage for marine environmental damage | Increased environmental scrutiny and tighter regulations have led to growing pollution liability costs |
| Crew Coverage | P&I coverage for crew claims under the federal Jones Act | Mandatory coverage |
| Automatic Coverage for Newly Acquired Vessels | Provides immediate Hull and P&I coverage for newly purchased tenders or vessels; valid for 30 days | Acquisitions protected at the time of purchase |