Recreational Marine

Shipshape Yacht Coverage Solutions

• Product details
  Product details

  Capacity

  Up to USD 50 million

  Coverage

  •  - Property damage
  •  - Liability
  •  - Medical payments
  •  - Personal property
  •  - Emergency towing 

  Client Profiles

  Individual owners of private-pleasure yachts

  •  - Mega
  •  - Custom and semi-custom motor
  •  - Sport-fish
  •  - Trawlers
  •  - Sailing

  Typical Information Required

  •  - Completed application
  •  - Owner’s experience and loss history
  •  - Details on the vessel, including value
  •  - Navigation required
  •  - Details on the captain/crew, if hired 

  Benefits & Services

  •  - Expert Underwriting
  •  - Superior Coverages
  •  - XL’s Financial Strength
  •  - Significant capacity
  •  - Expert claims handling

  Minimum Deductible

  USD 1,000

  Minimum Premium

  USD 5,000 Lower than USD 5,000: XL Group may work with Marine General Agents to assist clients in securing coverage.

Downloads

Industries

• Luxury Products

Disclaimer
This general product description is informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Products are subject to legal and underwriting requirements. Coverages may not be available in all jurisdictions, including without limitation any jurisdiction within the United States, and may be available only through appropriately licensed producers. In addition, XL GAPS’s provision of publications or services is not an indication of the existence or availability under any policy of coverage for any particular property or type of loss or damage. Policies underwritten from Bermuda are only available through non US-based brokers. The Insurance companies of XL Group plc are: Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company, XL Select Insurance Company, XL Insurance Company of New York Inc., XL Insurance (Bermuda) Ltd, XL Insurance Company Limited, XL Insurance Switzerland Ltd, XL Insurance (China) Company Limited, XL Insurance Argentina SA Compañia de Seguros and XL Insurance Mexico SA de CV. Coverages placed with Lloyd’s Syndicate #1209 are managed by XL London Market Ltd and supported by XL corporate members at Lloyd’s. Additional important information regarding our business is provided on our Legal Notices page.