The following are the key benefits to our insurance Navis Yacht Policy, please refer to the policy wording for terms & conditions.

“All Risks” Policy – Fewer exclusions than most policies. Easy to read, clear wordings. 

Partial Losses – Full replacement on all partial losses including sails, rigging, canvas and protective covers.

High Liability Limits – Depending on the value of your vessel, we have the ability to offer up to $50 Million third party legal liability. 

Underinsured/Uninsured Protection – Included to full policy limits.

Marine Life and Vermin Coverage – No exclusions.

Breakdown Towing – Coverage up to $2,500 automatically included.

Deductibles Reduced – For Tenders & Tender Motor, Personal Effects, Electronic Navigation Equipment and Burglary damage. 

Loss of Use and Additional Living Expenses – Coverage up to $5,000, limited to $500 per day.

No Paint & Patch Clause – All repairs are done based on standard shipyard practices, not just patched.

Replacement Cost Protection – Total Loss Guaranteed replacement cost on total loss claims if the vessel is within 3 years of age at no additional premium, regardless if you were the first owner or not. 

Resultant Damage Coverage – Provides resulting damage coverage for wear and tear, inherent vice, faulty design, latent defect, gradual deterioration, or corrosion, provided a reasonable thorough inspection could not have discovered such a defect or condition.

Deductible Waiver – No deductible applies for collisions caused by an at fault third party while you are securely moored or anchored with engines off, or for fire losses that did not originate on your yacht.

Tenders and Motors – Automatic coverage for tenders (including jet skis used as tenders), dinghies and their motors up to 6% of your insured value. 

80% Total Loss Clause – If the reasonable expense for salvaging and repairing your Vessel exceeds 80% of the Insured Value of the Insured Vessel.

New Acquisitions – Automatic coverage for newly acquired vessels up to 150% of your current insured Yacht value. Must advise Underwriters within thirty days of such acquisition.

Paid Captains and Crew – Liability coverage automatically included.

Water Sports – Full policy limits available for water skiing, tubing, scuba diving and snorkeling.

Marina Liability Requirements – We have the ability to add your marina or Yacht Club as an Additional Named Insured, if it is required in your moorage contract.  Also any liability you assume under a moorage contact.