Departure Yacht Policy® Terms and Coverages

Physical Loss or Damage

Provides coverage for accidental, direct physical loss or damage to the insured yacht while afloat, ashore or in transit within 250 miles of the owner’s home address, with few exclusions. Coverage is provided on an actual cash value basis for both total and partial losses. Mysterious disappearance and/or theft without visible signs of forced entry are excluded. Loss or damage to machinery inside or outside the vessel as well as salvage charges are limited to 25% of the property damage coverage limit.

Liability

Covers the insured’s liability for property damage, bodily injury or death of another person resulting from the ownership or use of the insured yacht. Also covered are legal defense costs and the cost of wreck removal when required by law. Pollution and contamination coverage is also provided up to $800,000. The owner’s liability to any paid crew is not covered under this policy.

Medical Payments

This coverage pays for reasonable medical expenses resulting from injuries sustained by the yacht owner, guest or family members while on, boarding or leaving the covered yacht. A basic $5,000 limit is automatically provided, and higher optional limits are available. The coverage limit applies on a “per person” basis.

Uninsured Boater Coverage

Uninsured Boater benefits cover damages resulting from bodily injuries received aboard an insured yacht that its owner is legally entitled to recover from an uninsured owner or operator of another vessel. A coverage amount equal to the Liability limit is included subject to a maximum limit of $2,000,000.

Federal Longshoremen’s and Harbor Workers’ Compensation

Provides coverage (when Liability coverage is purchased) for any liability the insured yacht's owner incurs under the jurisdiction of the Federal Longshoremen's and Harbor Workers' Compensation Act, during the term of the policy.

Personal Property Coverage

Personal property belonging to a yacht owner and his/her family is covered. Property is covered while aboard the covered yacht and while being loaded and unloaded. A basic $2,500 limit is provided with higher optional limits available. Loss settlement is actual cash value less a deductible.

Towing and Assistance

Reimbursement for emergency commercial towing service up to $500, with no deductible.

Vessel Trailer Coverage

Provides coverage for loss or damage to the vessel’s trailer, subject to a deductible.

*The information, material and descriptions contained herein are intended to be a summary in nature and only provide a general overview of the types of coverage and concerns boaters should consider when selecting insurance for their boat or yacht.  Any description(s) of insurance coverage herein shall not amend, modify, replace, alter or otherwise change the terms, conditions, limits, provisions, exclusions or endorsements contained in any policy issued by us.  Please consult your policy for precise terms, limits, exclusions and conditions.  The description(s) and material(s) contained herein shall not provide a basis for a legal relationship between us and any potential or existing customer and gives no cause to anyone for claims, demands, assertions or other rights towards us, either on a contractual or a non-contractual basis.  All rights reserved.

The availability of the Departure Yacht Policy may vary by state.

What would you like to do next?

• Go back to Yacht Insurance Services.
  

For Customers:

• Locate an ACE Recreational Marine Insurance Agent.
  

For Agents & Brokers:

• Download and print a Departure Yacht Insurance Application.
• Contact a Field Office – office directory.