Yachts2021-06-23T14:27:44-05:00

YACHTS

OUR APPETITE

  • Pleasure Powerboats and Sailboats 27′ and greater
  • Sport Fishing Boats
  • Mega-Yachts

yachtsPRODUCT PROFILE

Recreational Marine Policy

  • Standard Policy up to $2M Hull Value – coverage including:
    • Property Damage
      • Agreed Value Coverage for Hull & Machinery in the event of a total loss
      • Commercial Towing and Assistance
      • Precautionary Measures
      • Tournament Coverage
    • P&I – Liability Coverage
      • Pollution
      • Marina as Additional Insured
      • Marine Environmental Damage Coverage
      • Defense Coverage
      • Search, Rescue and Recovery
      • Wreck Removal
      • Jones Act for paid crew
      • Longshore and Harbor Workers’ Compensation act Coverage
  • Plus Policy for over $2M Hull Value – and specialized coverage for larger yachts reflecting the complexity of the risk. Coverage includes:
    • Property Damage
      • Agreed Value Coverage for Hull & Machinery in the event of a total loss
      • Additional Living Expenses
      • Bottom Inspection
      • Commercial Towing and Assistance
      • Fine Arts
      • Firearms
      • Hijack/Kidnap
      • Loss of Charter Hire
      • Precautionary Measures
      • Tournament Coverage
    • P&I – Liability Coverage
      • Pollution
      • Marina as Additional Insured
      • Marine Environmental Damage Coverage
      • Defense Coverage
      • Search, Rescue and Recovery
      • Wreck Removal
      • Jones Act for paid crew
      • Longshore and Harbor Workers’ Compensation Act Coverage

CLIENT PROFILE

  • Experienced, long time boaters with no or minimal loss history
  • Focus on maintenance and proper protection for their vessel
  • Experienced crew as necessary

TYPICAL INFORMATION REQUIRED

  • Owner boating experience
  • Crew experience
  • Type, age and size of vessel/engines
  • Navigation requirements
  • Tenders
  • Loss history
  • Additional requests

BENEFITS & SERVICES

  • Superior underwriting capability working in concert with state of the art systems capability
  • Exceptional customer service
  • Global claims network offering detailed online, real-time claims overview

The description of this program is only a summary of available coverages. Actual policy language will dictate the scope of coverage in the event of a claim. Agents should read the full policy form and any applicable endorsements for full terms and conditions and should encourage their policyholders to do the same.

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SafeWaters Underwriting Managers is a series of RSG Underwriting Managers, LLC, a Delaware limited liability company based in Illinois. RSG Underwriting Managers, LLC, is a subsidiary of Ryan Specialty Group, LLC (RSG). SafeWaters works directly with brokers, agents and insurance carriers, and as such does not solicit insurance from the public. Some products may only be available in certain states, and some products may only be available from surplus lines insurers. In California: RSG Insurance Services, LLC (License #0E50879). ©2021 Ryan Specialty Group, LLC