Thank you for sharing!

Your article was successfully shared with the contacts you provided.

While recreational boats are commonly written as part of a homeowners package, the luxury yacht and mega-yacht insurance market involves a host of specialized coverages. Crew repatriation, haul-out provisions to cover the expense of removing a vessel from the path of a storm, salvage and wreck removal, and crew coverage for compliance with the Jones Act are some of the key coverages sought by owners of larger vessels. Brokers should expect to also negotiate underwriting agreements to include agreed value, reduction in or disappearing deductibles, and expanded navigational limits.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.