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)