Why Yacht Insurance?
Protect your yacht against fortuitous loss or damage which can result in costly repair bills. Cover your legal liabilities to third parties arising out of the use of your yacht.
Why Yacht Cover?
Simple online request for quotation. Comprehensive and flexible coverage options. Receive cost-effective quote in days. Experienced brokers and claims specialists to support you.
We arrange cover for yachts registered and sailing within Hong Kong, China and South East Asia of value greater than US$500,000 and up to US$18 million. Coverage for higher valued yachts or wider geographical scope is available but may be subject to further information requirements. Our yacht specialists will contact you upon your form submission.
Notable Coverage Features:
- Agreed Value Coverage - Pays the entire agreed amount, with no deductible, in event of total loss.
- Replacement Cost Loss Settlement - Pays for repairs or replacement of covered property without deduction for depreciation for most partial losses.
- Medical Payments - Pays for reasonable medical and related expenses for all on-board, boarding or leaving the covered yacht. Benefits are provided on a per person basis. Optional and customized limits are available.
- Emergency Assistance - Pays for the costs incurred when emergency assistance is required, even if you and your yacht are not in immediate danger.
- Marine Habitat - Pays for liable damages to marine habitat through physical contact with the yacht.
- Protection and Indemnity (Liability Protection) - Pays for legal liabilities, including loss of or damage to any other yacht or property, loss of life or injury to third parties (excluding paid crew), wreck removal, and legal defense costs.
- Uninsured Boater Coverage - Pays for bodily injury to persons aboard the yacht who are injured by an uninsured owner or operator of another yacht.
- Boat Show and Demonstration Coverage (if required) - Covers the yacht whilst exhibited at a recognised boat show, sea trials and while the yacht is being navigated for demonstration purposes.
- Bottom Inspection - Pays for the reasonable costs to inspect the bottom of the yacht after grounding, stranding or striking a submerged object, even if no damage is found, without application of any deductible.
Other Possible Coverage Highlights:
- Personal Accident Coverage for individual yacht owners.
- Innocent Third-Party Damage – If solely due to a third party colliding with the insured yacht when anchored in the home mooring, provided no rights of subrogation are waived and that the Assured hereunder is not at fault, the hull deductible is waived.
- No Claims Discount or Continuity Bonus may be applied.