Markel Helmsman Yacht insurance program offers distinct advantages in breadth of risk, coverage features, options, and expertise. For the preferred yacht, feature rich coverage options ensure a well-protected owner. For older or unique watercraft, coverage can be tailored to address these hard-to-place risks.
Coverage available: CT, MA, ME, NH, NJ, NY, PA, RI, VT
Underwriting Appetite
- Watercraft 26' and over
- No age or length limitation
- Pleasure craft, liveaboard, bareboat, limited charter, multi-owner
- May be corporately owned
Program Coverage Features (included in base policy)
- Agreed value for total loss
- Deductible waived for most total losses
- No depreciation on most partial losses
- Broad navigation
- Protect and recover
- Tender coverage
- Consequential damage coverage
- Ice and freezing damage coverage
- High protection and indemnity limits
- Uninsured watercraft
- Personal effects
- Pollution liability
- Emergency towing and assistance
- Medical payments
- Rental reimbursement
- Jones act protection
Optional Coverage
- Trip coverage
- Trip interruption
- Trailer coverage
- Liveaboard
- Transit and storage
- Boat lift and boat house coverage
- Fishing coverage
- Tournament reimbursement for fishing boats
Premium Discounts Available
- ACV settlement type
- Higher deductibles
- Lay-up during off season
- Multi-boat
- Windstorm exclusion
pdf Markel Yacht Application (23 KB)