A Safe Harbor Is More Than Just Where You Dock Your Vessel
At Marsh & McLennan Agency, Yacht insurance isn’t just another product or service . Yachts require specialized coverages and considerations not normally associated with commercial and personal lines insurance.
The National Yacht Practice is staffed by a team of seasoned yacht insurance advisors and experienced support staff offering unparalleled advice and service. With direct access to all of the leading yacht insurance companies and high net worth insurance markets, we provide a wide range of coverage solutions for boats and yachts of all sizes, domestically and internationally.
Marine insurance and related potential exposures can be complicated, and there is more than just the annual premium to take into consideration when placing your coverage. We differentiate ourselves from the competition by working closely with our underwriters to negotiate the most favorable policy terms and conditions.
Areas of Discussion:
- Crew Coverage/Jones Act
- Loss of charter income
- Entering into yard contracts with waivers and limitations of liability
- Shipping a yacht as cargo
- What to do when a claim happens
- Day workers versus crew
- Manufacturing defect versus latent defect exclusions
- Policy warranties and conditions
If you don’t know all of the “ins-and-outs” of marine insurance, you need the expertise of someone who does. Contact us today for a complimentary review of your current coverage or a quote from an experienced yacht insurance specialist.