Recreational Marine

Shipshape Yacht Coverage Solutions

XL Group offers insurance for private-pleasure yacht owners. The underwriters in our Recreational Marine Division understand your needs and can offer intelligent solutions for both fair and foul seas.

Learn more about our Luxury Line products

 

Product Availability

(Coverage provided for worldwide exposure)

  • 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

    Information & Research

     

    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

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 Insurance Company of New York Inc., XL Insurance (Bermuda) Ltd, XL Insurance Company SE*, 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.
* XL Insurance Company SE carries on business in Canada as XL Insurance Company Limited.

Expert Profile

  • Rick Salway Rick builds insurance products and solutions designed to serve individuals, organizations and facilities around the globe that own or ar ... View profile
  • James Power As a recognized expert in the marine liability market who has worked as both a broker and an underwriter, James is sensitive to the pres ... View profile

Contacts

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Specialty

Shipshape Yacht Coverage Solutions

XL Group offers insurance for private-pleasure yacht owners. The underwriters in our Recreational Marine Division understand your needs and can offer intelligent solutions for both fair and foul seas. Learn more about our Luxury Line products

 

Product Availability

(Coverage provided for worldwide exposure)

  • 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

    Information & Research

     

    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

Expert Profile

  • Rick Salway Rick builds insurance products and solutions designed to serve individuals, organizations and facilities around the globe that own or are... View profile
  • James Power As a recognized expert in the marine liability market who has worked as both a broker and an underwriter, James is sensitive to the press... View profile

Contacts

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 Insurance Company of New York Inc., XL Insurance (Bermuda) Ltd, XL Insurance Company SE*, 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. * XL Insurance Company SE carries on business in Canada as XL Insurance Company Limited.