classic yacht insurance

• Agent Directory
• Company Directory

Find an Independent Agent

• Get Matched with an Agent
• Agent Directory by State

Find an Insurance Company

• Get Matched with a Company
• Company Directory by State

What type of insurance do you need?

• Business Insurance
• Home, Auto & Personal Insurance
• Life & Annuities

By Coverage Type

• Commercial Auto Insurance
• Professional Liability Insurance
• Small Business Insurance
• Business Umbrella Insurance
• Workers' Compensation Insurance
• Commercial Property Insurance
• Business Owners Policy
• Builders Risk Insurance
• Cyber Liability Insurance
• Surety Business Bonds
• Inland Marine Insurance
• Employers Liability Insurance
• Employment Practices Liability Insurance
• Environmental Liability Insurance
• Errors and Omissions Insurance
• Insurance Coverage & Advice by State  
• See more ...

By Business Type

• Retail Store
• Agriculture & Forestry
• Construction
• Manufacturing
• Wholesale Trade
• Retail Trade
• Transportation & Warehousing
• Information Industry
• Finance & Insurance
• Real Estate
• Scientific & Technical Services

Auto & Vehicle Insurance

• Car Insurance
• Motorcycle Insurance
• Boat Insurance
• RV / Motorhome Insurance
• ATV Insurance
• Snowmobile Insurance
• Personal Watercraft Insurance
• Collectible Auto Insurance
• Umbrella Insurance

Home & Property Insurance

• Homeowners Insurance
• Condo Insurance
• Farm Insurance
• Landlord Insurance
• Renters Insurance
• Mobile Home Insurance
• Contents Insurance
• Vacant Land Insurance
• Flood Insurance

Other Insurance

• Life Insurance
• Long Term Care Insurance
• Disability Insurance
• Health Insurance
• Special Event Insurance
• Short-term / Sharing Insurance

Insurance Solutions & Resources

• Compare Car Insurance
• Compare Home Insurance

Insurance for Classic, Vintage, and Antique Boats

Learn how to insure older and classic boats

More than seven million people visit our site every year looking for unbiased information about insurance and other related topics. And with great readership comes great responsibility, which means we’re dedicated to providing honest and accurate information.

Jeff Green has held a variety of sales and management roles at life insurance companies, Wall street firms, and distribution organizations over his 40-year career.  He was previously Finra 7,24,66 registered and held life insurance licenses in multiple states. He is a graduate of Stony Brook University.

Ahoy there! Classic, vintage, and antique boats have a unique appeal that many watercraft enthusiasts find irresistible. These boats are often cherished for their rich history, unique designs, and stunning craftsmanship. However, insuring these boats can be quite different from insuring modern boats .

One of the biggest reasons for the difference in insurance is that classic, vintage, and antique boats may not have modern safety features. This can increase the risk of accidents. As a result, insurance companies may charge higher premiums to cover these boats. In addition, replacement parts may be harder to find for older boats, which can increase repair costs and insurance premiums.

That said, many insurance companies offer specialized coverage for classic, vintage, and antique boats. This coverage may consider the unique features of these boats, including their historical value and the difficulty in finding replacement parts. It's important to work with an independent insurance agent who can help you avoid rough waters and find an insurance policy that’s tailored to your boat and its specific needs.

Classifying Old Boats

According to the Antique and Classic Boat Society, there are five main boat types and classifications based on age:

This classification applies to any vessel constructed before and up to 1918. These boats are incredibly rare and often considered priceless pieces of history. They offer a glimpse into times gone by and represent the best of early boatbuilding techniques and craftsmanship.

This classification applies to any boat built between 1919 and 1942. Antique boats are highly sought after by collectors and enthusiasts alike. They are often considered the pinnacle of classic boat design, featuring stunning woodwork, classic lines, and unique construction techniques. Antique boats can be powered by a variety of engines, from early gas to diesel engines, adding to their charm and appeal.

This classification applies to boats built between 1943 and 1975. Classic boats are a testament to the post-World War II era of boating when leisure time on the water became more accessible and popular. Classic boats are often considered the most recognizable and iconic vessels of their era. They feature sleek, elegant lines and luxurious finishes that reflect the glamour and sophistication of the time.

Late Classic

This classification applies to boats built from 1976 to 25 years prior to the current year. Late classic boats offer a unique blend of modern features and classic styling. They often feature more modern construction methods and materials, such as fiberglass, while still maintaining classic design elements. These boats are popular among collectors and boaters who want the best of both worlds: classic style with modern performance and features.

Contemporary

This classification applies to boats built in the last 25 years. Contemporary boats are the most modern vessels on the market, offering the latest technology, materials, and construction techniques. They feature advanced design elements, cutting-edge features, and the highest level of performance and comfort.

It's worth noting that, in the past, a boat's classification also depended on the hull's material, but that is no longer the case. Even aluminum and fiberglass boats can now be considered “late classics” or “classics.”

Save on Boat Insurance

Our independent agents shop around to find you the best coverage.

What Is Vintage Boat Insurance? How Does Vintage and Classic Boat Insurance Differ from Regular Boat Insurance?

Vintage boat insurance is a specialized type of coverage designed to meet the unique needs of boats that are 20 or more years old. Since these boats might not have the same modern safety features as newer vessels, insurance companies may require you to limit your boat usage during the boating season to reduce the risk of damage or accidents. This could include limiting the number of trips you take on your boat, as well as the distance you can travel from shore.

Since classic and vintage boats are typically expensive to restore and repair, many insurers offer coverage to protect your vessel while it's being worked on. Some vintage boat insurers may offer referrals to expert repair services from specialized shops, ensuring that your boat is repaired by professionals who understand the unique needs of older boats.

Bear in mind that insurance companies analyze data to minimize their risk, and boats between 20 and 40 years of age that are still on the water are viewed as a greater liability. As a result, some insurance companies may not cover older boats, or may charge higher premiums to account for the increased risk. However, if you own a vintage boat that is well-maintained and operated by a skilled skipper, you may be able to find coverage through specialized insurers who understand the unique needs of watercraft like these.

Are Insurance Rates Higher for Classic and Vintage Boat Insurance?

Insurance rates for classic and vintage boat insurance can be higher than rates for standard boat insurance. This is because older boats may not have modern safety features, may be more expensive to repair, and may be more susceptible to damage due to wear and tear. However, the rates for classic boat insurance and vintage boat insurance are generally based on the value of the boat, which is in line with contemporary boat insurance.

Are There Discounts for Vintage Boat Insurance?

As with standard contemporary boat insurance, there may be discounts available for vintage boat insurance. Some discounts that may apply include:

• Multi-policy discounts: If you have multiple insurance policies – such as home and auto insurance – with the same provider, you may be eligible for a multi-policy discount. This discount may also apply to vintage boat insurance policies.
• Safety equipment discounts: Many insurance providers offer discounts for boats that have certain safety equipment, such as life jackets, fire extinguishers, and navigation equipment, installed. While some older boats may not have modern safety features, they could still qualify for safety equipment discounts if they have appropriate safety equipment installed.
• Lay-up discounts: Some vintage boat insurance policies may require you to limit your boat usage during the boating season. If you're willing to agree to a "lay-up" period where the boat is not used during certain months, you may be eligible for a discount on your insurance premiums.
• Boater education discounts: Completing a boater safety course or obtaining a boating license may make you eligible for a discount on your vintage boat insurance premiums. This discount may also apply to standard boat insurance policies.

It's important to note that the availability of discounts may vary depending on the insurance provider and the specific policy. Additionally, some vintage boat insurance policies may have different eligibility requirements and restrictions than standard boat insurance policies. Working with an experienced insurance agent who understands the unique needs of vintage boats can help ensure that you receive all applicable discounts and the right coverage for your vessel.

Explore Classic Boat Insurance Options with an Independent Insurance Agent

When it comes to classic boat insurance, it's often best to work with specialty insurance companies that focus on or have expertise in insuring classic and antique boats. That’s where an independent insurance agent comes in. They can help you navigate the complex world of vintage boat insurance and ensure that your policy includes the coverage you need for peace of mind.

https://www.iii.org/press-release/iii-know-your-boats-insurance-coverage-from-stem-to-stern-051619

https://acbs.org/acbs-boat-classifications-judging-classes/

https://www.thezebra.com/other-insurance-types/boat-insurance/

https://www.nboat.com/blog/boat-insurance-guide/factors-affect-boat-insurance-rate

https://www.forbes.com/advisor/insurance/best-boat-insurance/

https://finlightened.com/classic-boat-insurance/

https://www.powerandmotoryacht.com/at-sea/how-to-get-boat-insurance-for-older-boats

• Report a Claim
• Architects & Engineers
• Construction
• Entertainment
• Financial Services
• Marine & Yacht
• Nonprofit & Human Services
• Private Equity
• Public Sector
• Real Estate
• Transportation
• Waste & Recycling
• Environmental
• International
• Management Liability
• Employee Benefits Overview
• Benefit Administration and Technology
• Benefits Compliance Support
• Data & Analytics
• Human Capital Management
• International Benefits
• Absence Management & Ancillary Programs
• Voluntary & Lifestyle Benefits
• Financial & Wealth Overview
• Life Insurance
• Private Client Services Overview
• Collections
• Umbrella & Excess Liability
• Boat & Yacht
• Family Office
• Specialty Coverages
• Private Client Risk Resource Center
• Reinsurance
• Risk Management Services Overview
• Claims Management & Advocacy
• Loss Control
• Safety Consulting Services
• Pro Safety Training Courses
• Consulting Overview
• Actuarial Services
• Healthcare Claim Audit Services
• Health and Welfare
• Mergers and Acquisitions
• Pharmacy Consulting
• Retirement Benefits

News and Insights

• All Insights
• Emergency Resource Centers
• Employee Benefits Compliance Center
• Media Coverage
• State of the Market Reports
• Press Releases
• Private Client Resources
• Culture and Values
• Diversity, Equity & Inclusion
• Environmental, Social, & Governance
• General Terms of Business
• Local Expertise
• Mergers & Acquisitions
• Recognition & Awards
• Risk Strategies Foundation
• Transparency and Disclosures
• Aviation Business Insurance - Manned Risk
• Non-Owned Aviation
• Unmanned Aerial System and Drones
• Alternative Solutions
• Financing & Pre-Construction
• Insurance Solutions
• Risk Management
• Employee Benefits for Education
• Property, Casualty & Liability for Education
• Student Health Brokerage and Consulting
• Student Health Plan Administration
• Student Health Insurance Plans
• Solutions for Student Athletes
• Student Health & Wellness Tools
• Special Risk Insurance
• Film & Television
• Advertising Production Wrap Ups
• Advertising/PR
• Event Cancellation & Non-Appearance
• Music & Touring
• Theatrical Production & Live Performance 
• Asset Managers
• Banks & Non-Bank Lending
• Consumer Financial Services
• Financial Tech
• Insurance Companies
• Artist Endowed Foundations
• Auction Houses
• Fine Art Packers / Shippers / Warehouses
• Private Art Dealers / Advisors
• Private Collectors
• Employee Benefits - Healthcare
• Managed Care / Stop Loss
• Medical Malpractice
• Property & Casualty - Healthcare
• Boat & Yacht For Individuals
• Marine Businesses
• Sailing Organizations - Burgee Program
• Jackline Insurance Solutions for Cruisers
• Mega Yachts
• One-Design Insurance Program
• Crew Medical Insurance
• Sailors Health Insurance Program
• Travel Medical & Trip Insurance
• US Sailing Insurance Solutions
• Crypto Companies
• Public Safety Organizations & Municipalities
• Community Associations
• Hospitality
• Residential / Habitational
• Specialty Programs
• Domestic Household Goods
• Expat Renters & Living Insurance
• Relocation Claims Service
• International Household Goods
• Supplemental Movers Coverage
• Temporary Living Insurance
• Vacant Home
• Business Auto Insurance
• Last Mile Delivery
• Forwarding & Brokering
• Workers' Compensation
• Auto Liability & Physical Damage
• Captives & Alternative Risk Financing
• Claims Advocacy & Loss Control
• Excess Liability
• General Liability
• Product Recall
• Cyber Resolute
• Cyber Risk Assessment and Analytics
• Cyber Risk Response & Claims Advocacy
• Contractors Pollution Liability
• Environmental Excess
• Environmental Liability Transfer
• Environmental Liability - Healthcare
• Environmental Liability - Higher Education
• Pollution Legal Liability
• Environmental Liability - Private Equity
• Professional Environmental Liability Insurance
• Real Estate Development
• Remediation Cost Cap
• Secured Creditor Protection for Lenders
• Underground Storage Tanks
• Management Liability - Entertainment
• Management Liability - Financial Institutions
• Management Liability - Healthcare
• Management Liability - Real Estate
• Builder's Risk
• Property Claims Services
• Inland Transit and Ocean Cargo
• Natural Hazard Catastrophe Modeling
• Political Violence and Terrorism
• Property Damage & Business Interruptions Valuations
• Property Loss Prevention and Control
• Cybersecurity
• Riot & Civil Unrest
• Severe Storms
• Violence & Active Shooter
• Winter Weather
• BeHEARD Series
• DE&I Structure
• Employee Resource Groups
• Conflict of Interest Policy
• Compensation Disclosure
• Enterprise Risk Management
• Benefits & Wellness
• Investing in Growth & Leadership
• Life at Risk Strategies
• Partnership Benefits
• Why Join Us?
• Onboarding & Integration

You are about to leave Risk Strategies website and view the content of an external website.

You are leaving risk-strategies.com

By accessing this link, you will be leaving Risk Strategies website and entering a website hosted by another party. Please be advised that you will no longer be subject to, or under the protection of, the privacy and security policies of Risk Strategies website. We encourage you to read and evaluate the privacy and security policies of the site you are entering, which may be different than those of Risk Strategies.

Classic Yacht Insurance for Wooden Yachts 

Specialized insurance solutions for owners of classic wooden yachts.

A classic yacht is a sight to behold, and an investment to protect.  Gowrie’s Classic Yacht Insurance program is designed to meet the unique coverage needs of the most discerning wooden boat owners. Available to qualifying classic yachts made of wood or cold-molded wood, this comprehensive marine insurance offering includes many valuable policy enhancements.  The program is managed by Gowrie Group, underwritten by PURE Insurance, and endorsed by the Classic Yacht Owners Association.  

Policy Enhancements Designed for Owners of Classic Yachts

• Agreed Value Coverage: Agreed Value coverage on your hull and equipment to protect your investment.
• Survey Waived: Survey waived for yachts that are maintained by a classic yacht specialist.
• Paint Both Sides Coverage: If one side of the yacht is damaged, claim coverage includes repainting both sides.
• Racing Covered: Occasional racing is covered.
• Range of Deductibles: With credits offered for deductibles higher than 2%.
• Hurricane Haul Coverage: Coverage included for up to $2,500.
• Emergency Towing: Expenses covered up to $25,000.
• 12-Month  Navigation & Extended Range: No lay-up dates and extended US navigation including Canada (with limits).
• Consequential Damage: Consequential damage coverage is included.
• Specialist Claim Repair Work:  Insurance claim repair work can be done by a classic yacht specialist.
• Coverage Beyond Your Limit: In the case of a claim, defense costs are covered in addition to the liability limit.

Qualifications

To qualify, yachts must be:

• Wood or cold-molded wood construction
• Maintained by a marina/yard with expertise in wooden yachts
• Hull value greater than $75,000
• A length greater than 26 feet

Connect with a Marine Specialist & Request a Quote: 

• Submit a Yacht Insurance Inquiry Form

Practice Leadership

Managing Director, National Marine Practice

See more articles

See more resources

Subscribe and get the latest in your inbox.

Inquire about our classic Yacht Insurance Program

• Yachting for beginners
• Owning a yacht
• Motor Yachts
• Sailing Yacht
• Indian Ocean
• Mediterranean
• Buying or Selling a Yacht
• Yachting Events
• FAQ – Luxury Yacht Charter
• FAQ – Buying a Yacht
• FAQ – Sell your Yacht
• How Much Does It Cost To Charter A Luxury Yacht?
• All our Blog Post & News

Yacht Insurance: The Definitive Owner’s Guide

A sailing vessel’s indemnification liability coverage is provided through yacht insurance, and it covers any damage to the yacht’s body, property destruction of others, and private property damage aboard the vessel. This insurance may also cover gas supply, towing, and help if your boat gets stuck, depending on the insurance company.

Understanding The Two Parts of Yacht Insurance

Hull insurance.

Hull insurance is a direct and all-risk insurance policy that covers damage and includes an agreed amount of hull insurance. The amount settlement is done when the policy is drawn up, and the payment is in full in the event of a total loss. In addition, there’s the possibility of replacement costs insurance for partial losses. Still, sails, batteries, canvas outboards, and sometimes outdrives aren’t covered and are instead at risk of depreciation.

Indemnity and protection (P&I)

Protection and indemnity (P&I) insurance provides the most comprehensive insurance coverages for liability. Because maritime law is unique, you must have coverages specifically designed to protect you from risk-taking situations. P&I will cover any judgments against you and pay to defend you in admiralty courts.

What are the factors that can influence your yacht insurance?

Insurers consider many factors when deciding whether to offer a policy.

Almost any vessel can be insured – for a price. You should consider the following to make sure the policy you buy meets your needs:

• Age of the vessel
• Value (make sure you consider depreciation over the years of the value of your yacht)
• Speed/Power
• Type of vessel (Sailing, motor, Inboard, Outboard, utility, cruiser, offshore fishing boat)
• Custom built (boats without serial numbers can be tricky to insure)
• Location of use (which ocean are you planning to locate your boat. Make sure you let your insurance know whenever this changes over the months!)

What does yacht insurance usually cover?

Usually, the yacht insurance covers:

Liability protection: the bare minimum insurance

Property damage liability pays for damage to another person’s property caused by the accident you commit. You are covered if your yacht causes damage to individuals or damages other ships, docks, or buildings. Remember that harm or damage might occur due to direct contact with your boat or events induced by your yacht, such as during heavy wakes. In most cases, boat liability insurance covers you against covered claims and litigation involving settlements and legal expenses. To ensure that you have the right coverage, talk to your advisor regarding your needs and potential dangers.

Hull and machinery coverage

Hull insurance will cover any physical injury to your boat, including motors, trailers and equipment, and even accessories in many instances. Damage from wind and fire are typical claim types.

Uninsured boater coverage

Indemnifies bodily injured passengers of the insured watercraft who suffer injuries due to the uninsured owner of a different vessel.

Search and rescue

The maximum amount is $10,000 for costs that an insured incurs to a government entity like the United States Coast Guard (USCG), which provides emergency assistance and is covered at absolutely no cost.

Marine environmental damage and pollution coverage

This protection is available up to $10,000 in penalties and fines in the event of marine environmental damage as per the policy’s conditions. This coverage is added to the insurance company’s liability and OPA limit.

Agreed value coverage or actual cash value coverage

A cash value policy offers lower coverage than an agreed value insurance policy, however, generally with a lower cost. ACV policies provide coverage up to the value of the vessel. ACV policy would protect up to the price of the market for the boat if there was a complete loss, including depreciation and conditions of the vessel when it suffered the loss.

Crew medical and personal coverage

Reasonable medical and related costs are covered for all onboard passengers leaving or boarding the vessel. These benefits are granted per person instead of per event.

If your vessel gets damaged by accident, collision insurance is an optional insurance policy that covers the cost of fixing and replacing the damaged part with less deductible.

Sinking and wreck removal

Insurance for boats generally can cover sinking. However, there are some critical policy limitations. In general, insurance for boats should protect your boat if it sinks due to any covered risk. The policy could reimburse you for the cost of salvage or removal.

What is usually excluded from yacht insurance policies or comes as an extra?

War coverage

Damages caused by acts of war can turn out to be too great to insure, making the repayment too astronomical to be true.

Hurricane insurance

Your boat insurance provider may be able to pay for damages to your vessel caused by wind and hail from a storm in the event of a hurricane unless stated explicitly in the policy. Contact your boat insurance provider to find out what coverage you have during a storm.

Marine life encounters

Most insurance for boats doesn’t provide coverage for marine-related damage such as sharks, whales, and many other species. If you frequently sail in water full of marine creatures, it is possible to discuss a supplemental insurance policy with your insurance provider.

Insects and mold

The majority of yacht insurance policies do not cover insects and mold. It is essential to take the necessary steps to safeguard yourself against any pests on your vessel. So, this means that you must wash, drain, and dry your boat’s equipment after use.

Toys and PWC onboard

The PWC onboard may need to have a separate insurance policy as it is an expensive purchase.

Negligence or criminal acts

No insurance company is accountable for paying for the illegal actions of other people. Damage or loss due to reckless negligence and incompetence is also not acceptable.

Most insurance coverage for boats won’t cover certain events, such as racing on a yacht. Suppose you plan to use your boat to compete. In that case, you might want to consult your insurance representative about supplemental insurance, precisely the possibility of additional liability insurance if there’s a crash in the course.

Kidnapping and ransom

Because of the high stakes involved – human life and assets such as vessels and cargo — as well as the criminal character and challenging legal context, resolving a hijacking or abduction for ransom is a difficult task. Hence, kidnapping and ransom are not included in yacht insurance.

What do you need to know before picking a yacht insurance policy?

When evaluating physical damage cover, the most significant question is whether the insurance is focused on “agreed value” or “actual cash value” damage payout. If there is a complete loss, most agreed value coverage covers the amount shown on the insurance contract. After depreciation, you will receive compensation.

The actual cash value coverage offers protection up to the vessel’s present market worth at the moment of complete loss, after depreciation and the deductibles.

Although the coverage is smaller in an actual cash value insurance than in agreed value insurance, the policy is generally inexpensive.

The next thing you want to consider while choosing your insurance is the deductible and premium.

The amount you self-insure in the case of a loss is your yacht insurance deductibles. Put another way, it is the amount you spend on claims before your insurance comes in.

The next is premium. Choose insurance that can fit your budget to pay your premium on time without fail. 

Another thing to consider is the Intended cruising area. Some policies put restrictions or have a defined area while cruising. So, choose an insurance policy that suits your cruising area so that in case of mishaps, you can get coverage.

Yacht Insurance Requirements

Is yacht insurance mandatory?

While it’s not usually a legal necessity, it is always a good idea. It’s unlikely to cost much, but it might save you a lot of money in a disaster. Even if you or your captain are the finest sailor on the planet, you must consider what would happen if someone else collides with your yacht.

Changing weather may damage your boat, yet you usually have little control over it. Fortunately, most yacht insurance policies aren’t too costly, and the modest additional cost may provide comfort while cruising on the sea.

Does the bank require insurance while you finance the yacht?

Yes, your bank may require proof of yacht insurance if you want to finance the yacht.

Do ports and marinas need your yacht insurance?

For utilizing their facilities, numerous ports and marinas will need you to have boat insurance.

Does renting the yacht require insurance?

If you intend to rent out your yacht, you must have coverage to safeguard your asset, and yacht insurance can be highly beneficial. If you want to rent your yacht, you must get boat insurance to protect yourself from liability hazards, and the insurance covers the majority of liability concerns.

Read also : The yacht charter experience ladder

How much does a yacht insurance cost?

Usually, yacht insurance costs between 1% and 5% percent of the yacht’s value. For instance, you may spend around $2,500 annually to insure a boat worth $100,000.

However, similar to other types of insurance, the cost of your boat insurance depends on you and your vessel. The higher the value of a boat, the greater the insurance cost. Yacht insurance is often costlier than floating insurance since yachts are more expensive. High-powered boats are riskier. Thus, insurance companies consider the kind of engine (inboard or outboard, amount of horsepower, and so on).

How can I lower my yacht insurance cost?

Here are a few steps that you can take to lower your insurance cost.

Limit the cruising area of your yacht

There are navigational restrictions in marine rules, meaning you may only sail inside a specified region. The premiums will be less the smaller and securer the area is.

Have good training and driving records

Insurance companies are interested in your expertise on the water. The completion of a boating course demonstrates proficiency, which reduces your risk. Most insurance companies would consider boating lessons, but they may even provide a rate reduction. Contact your agent to determine whether safety-related boating classes impact your premium rates.

Lower the liability limits

Most insurance companies will require your credit score to establish suitable premiums. Maintaining a good credit score has several advantages, including cheaper insurance prices. To lower your liability limits, consider working on your credit score.

Pick a higher deductible to reduce the premium of your insurance

A greater deductible implies that the policyholder will be responsible for a percentage of the claim, hence decreasing the occurrence of claims. You choose to pay a part of the claim by raising your deductibles out of your cash, and the company will eagerly reduce your premium.

Choose seasonal insurance during the offseason

Fire, theft, vandalism, and winter storms can all cause significant damage and financial burden. You won’t be insured for any winter tragedy that strikes your yacht during the off-season if you don’t have insurance. You’ll be responsible for possibly astronomical expenditures.

Pick a modern boat rather than an old one

A new yacht will cost less to insure than an older one. This is because older ones are susceptible to acquiring defects, while newer ones are not. Further, you can take several steps to improve your yacht’s safety, contributing to lowering your cost. Like, installing an autonomous fire control system may decrease the danger of fire damage and make you eligible for a premium reduction. Additionally, safety devices like radar, depth finders, first aid kits, GPS, emergency kits, and EPIRBs may reduce the danger.

Our advice to find the best insurance broker at the best cost for a yacht

Avoid using your home and car insurer for yachts above 27”.

Usually, boat insurance is meant for vessels less than 26 feet long. Yachts are generally longer than 27 feet, have far more powerful engines, and cost more than smaller vessels.

Yachts typically go greater distances and deeper seas, transport more passengers, need a crew and have several equipment and personal possessions. These variables result in distinct risk exposures and need particular insurance policies, coverage choices, and deductibles.

Maritime law governs rather than state or federal law in deeper seas, which may be more complex. If your boat has a crew, you might be obliged to have Harbor workers and Longshoreman’s covers.

Partnering with an advisor who knows the worth of your boat and how you intend to use your boat can assist you in getting the necessary coverage for any potential catastrophes. You will also need specific insurance coverage if you own a high-performance boat due to the increased risk.

Pick a trustable company with expertise in marine insurance

You can choose your regular insurance provider to get your marine insurance. There are several maritime governing rules when you decide to sail on the sea or plan to sail overseas. Additionally, it is essential to engage with a provider that has a deep understanding of boat and yacht coverage. This is vital at the time of insurance application and in the severe case of a claim.

Special needs might require custom policies

If you have any special needs, additional coverage choices are available for medical costs, private possessions, the boat’s transportation equipment, and more that may be added to any plan. However, that relies on the type of insurance provider you choose.

Optional coverage extensions:

• Trip disruption
• Private property
• Trailer Coverage
• Towing and Emergency Roadside Service
• Uninsured Watercraft
• Individual Liability

Get an experienced yacht broker to help you navigate policies.

You may have 100 policies in front of you and many lucrative offers claiming several things. Yet, making the right insurance takes time and a better understanding of all the coverage. So, an experienced broker can help you navigate all these policies and select one that fits your budget and particular situation.

The best companies for yacht insurance

Many insurance firms provide boat insurance at affordable prices. Shop around to ensure that you receive the necessary information to make an educated selection. Also, there are several websites that offer evaluations of various insurance providers and are excellent starting points for your study.

Communicate with other sailors; determine which aspects they value and why. You would be in a position to make the most excellent option for your requirements when you analyze the services of various companies.

Being on the ocean is a feeling of serenity, tranquility, and impending new experiences. So, this is an encounter you want to go on forever. Further, your sailing boat is a significant investment. Hence, consider having your luxury boat insured to cherish the best of life and keep your investment safe.

Don’t take chances with your yacht, act now and ensure a safe and worry-free sailing experience

Now that you understand the importance of yacht insurance, don’t wait any longer to protect your valuable asset. Contact us today to get a quote and secure peace of mind on the water. Our team of experts will guide you through the process and help you choose the best coverage for your needs.

Frequently Asked Questions

All ship and yacht owners are obliged to have marine insurance, mainly when the vessels will be utilized for commercial or transit reasons and move people, labor, or goods overseas.

our yacht insurance usually protects your yacht against frequent dangers such as drowning, storm, fire, collisions, and theft. You may also be protected by boat insurance if you accidentally harm somebody or destroy their property. Your coverage may cover the following boat components: machinery, attached equipment, hull.

The exclusions from yacht insurance policies include: criminal actions of others, insect infestations, lack of due diligence on the part of the assured or managers, common wear and tear, loss resulting from delay, and intentional wrongdoing by the captain or crew.

The typical cost of boat coverage is between $200 and $500 per year. However, insurance may cost between 1 and 5 percent of the boat’s worth for a yacht or sailboat. For instance, you may spend around $2,500 annually to insure a boat worth $100,000.

Sailboat owners often spend between $250 and $1,500 annually to protect their yachts. This price varies depending on various criteria, including insurance type and insurance amounts, and sailboats usually are less costly to cover than powerboats.

Annual insurance on the yacht will range at roughly 1.5 percent of the boat’s value. The cost to insure a catamaran depends on hull valuation, location, and the boat’s operation.

The insurance coverage of a mega yacht or a super yacht can be around $240,000.

To reduce the cost of yacht insurance, you can take the following steps: installing safety equipment, demonstrating better boat riding skills by undertaking a boating course, considering your deductibles, limiting your sailing area or working on credit scores.

Hull relates to the vessel’s body. The insurance will cover unexpected damage or loss to the boat anywhere inside the policy’s specified maritime boundaries.

Usually, classic boat insurance is provided by specialized insurance firms who specialize or have experience in protecting classic and antique vessels. For covering your old boat, get a quotation from a specialized insurer and verify that your policy provides the protection you want for a sense of security.

Luxury Yacht Charters in Croatia : Our Guide

Mediterranean islands: our ultimate guide, you might also like.

What differentiates a yacht from a superyacht or a mega yacht?

Chartering Requirements and Regulations: A Guide for Boat Owners

What are the Fastest Cruising Catamaran on the Market?

Classic Yacht & Private Pleasure Craft

Privately owned vessel policy for classic sailing yachts, motor yachts, modern yachts and motor boats, houseboats and liveaboards. Cover can be extended to include skippered charter for small commercial operations including sea-angling charter and Airbnb.

Yacht policy, winter & co underwrite private & pleasure craft policies in-house under a full binding authority. consideration is given to each clients individual requirements including the type of vessel and use., please find the proposal form link & contact information below to obtain a quotation for your vessel insurance:, proposal form - click here, alternatively, if you would prefer to speak with a member of the team about your insurance requirements, please contact michelle or ryan below., michelle london, m.london @winterandcomarine.com, +44 (0) 1255 831 111, visit the professional indemnity page for more information about cover for design and advice services including surveying, broking, yacht designers and naval architects..

About Chubb: About Chubb

About Chubb: About Chubb in the U.S.

About Chubb: Careers

About Chubb: Citizenship

About Chubb: Investors

About Chubb: News

Claims: Claims

Claims: Claims Difference

Claims: Claims Resources

Claims: Report a Claim

Login / Pay My Bill: Login for Business

Login / Pay My Bill: Login for Individuals

Login / Pay My Bill: QuickPay for Businesses

Login / Pay My Bill: QuickPay for Individuals

Login / Pay My Bill: Login to CRS

Contact Us: Contact Us

Contact Us: Global Offices

• File a claim
• Get a quote

Boat Insurance

We offer some of the most seaworthy coverage and services available.

Our Masterpiece Boat and Masterpiece Boat Select policies are designed for all types of pleasure boats 35 feet and less, as well as Personal Watercraft (PWCs) vessels like waverunners and jet skis. We provide exceptional boat insurance with tailored protection, competitive rates, along with valuable features to protect both boat owners and their vessels.

Chubb Masterpiece® Boats & Yachts Coverage Highlights

Total Loss Settlement

We pay the entire agreed amount, with no deductible, for a total loss. With our Masterpiece Boat Select policy, eligible vessels can receive Replacement Cost coverage up to 120% of the vessel’s insured amount.

Partial Loss Settlement

With our Masterpiece Boat Select policy, the repair or replacement of covered property is paid for without deduction for depreciation on most partial losses.

Liability Protection

Limits of coverage to suit your personal needs, including: legal defense costs, pollution liability coverage as required by the Oil Pollution Act of 1990, and wreck removal.

Medical Payments

Reasonable medical and related expenses are included for all those onboard, boarding or leaving the covered vessel. These benefits are provided on a per occurrence basis. Increased limits are available.

Uninsured/Underinsured Boater Coverage

Coverage for bodily injury to persons aboard the insured watercraft who are injured by an uninsured owner or operator of another vessel.

Longshore and Harbor Workers’ Compensation Act (LHWCA)

When liability coverage is purchased, coverage is automatically provided for those employed aboard the vessel who are within the jurisdiction of the LHWCA.

Personal Property & Fishing Equipment Coverage

Protection is automatically included for the clothing, personal effects and fishing gear of the boat owner and their guests. Optional higher limits are available.

Emergency Towing & Assistance

We automatically include this coverage with optional higher limits available.

Trailer Coverage

Trailers are automatically covered up to the policy limit. Increased limits are available.

Precautionary Measures

Coverage up to the policy limit for the reasonable costs incurred to haul, fuel, or dock the insured watercraft endangered by a covered peril

Coverage for Marinas as Additional Insured

Marinas, yacht clubs and similar facilities where clients keep their vessels are included as Additional Insureds.

75% of boating accidents occur on clear days with good visibility.

Chubb offers some of the most comprehensive protection and services available rain or shine.

*Source: 2016 Recreational Boating Statistics, United States Coast Guard

Masterpiece® Recreational Marine Insurance Brochure

Your client’s guide to watercraft protection. Make sure they’re protected, with the right coverage, so they can relax on and off the water.

Related Coverage

Protect your yacht with superior protection from Chubb.

We help you stay ahead and informed with these helpful tips and tricks

12 safety tips for recreational boaters

As the weather warms up, many of us head to lakes, rivers, or the ocean to fish, waterski, cruise, and relax onboard a boat, yacht or other personal watercraft. 

Understanding boat insurance

A comprehensive guide to finding the right boat insurance coverage.

This information is descriptive only. All products may not be available in all jurisdictions. Coverage is subject to the language of the policies as issued.

Find an Agent

Speak to an independent agent about your insurance needs.

Gowrie Group: Classic Yacht Insurance Program

Over the winter, we worked with our friends at Gowrie Group and Pure Insurance to create a special insurance program tailored to suit the unique needs of classic yachts and their owners.  As a classic yacht owner himself, Gowrie Group CEO Carter Gowrie was particularly mindful of the fact that one size doesn't fit all and that the standard yacht policy may not be ideal for a well-maintained wooden boat.

With classics-specific features such as no survey requirement, the option to keep the boat in the water over the winter and "paint both sides" coverage, the Gowrie Group Classic Yacht Insurance Program might improve your coverage AND save you some money!

For more information, click here .  You can also send an email to [email protected] or call 800.262.8911.

Off Center Harbor: New OCH Member Program

Founded by Maine wooden boat legends Maynard Bray, Ben Mendlowiitz, Eric Blake, Bill Mayher and Steve Stone, OffCenterHarbor.com is a website with over 500 videos and 500 articles on boat handling, repairs, maintenance, boat building, dream boats and more.

Off Center Harbor's fast-growing collection of videos features mariners and craftspeople at the very top of the wooden boat field, showing exactly how they do things, and which products they use in their work. They also bring members aboard many of the finest dream boats (usually wooden) in the world for an immersive, close-up experience.

Regular CYOA members who are not currently OCH members can get the first year free (a $49 value).   Send an email to Steve Stone at [email protected] and if your CYOA membership is current, he'll get you set up with your Off Center Harbor membership.

Additional Benefits

Additional benefits of membership will include, but not be limited to, the following:

• Access to a community network of like-minded owners, designers, builders, restoration yards and related craftspeople, supplier partners, regatta organizers, and cultural centers.
• Regular updates regarding news and activities associated with the CYOA including: calendar of events, race results, member directory, and yacht registry.
• Access to the CRF MkII rating system through which certificates can be easily applied for and accessed by both owners and event OAs.
• Voting membership in CYOA organization.
• Discounts on CYOA merchandise.
• Discounts on products and services from participating partners.

Note: Some of these benefits will need to be applied for through the appropriate committee within the Association, but it is the explicit intent for the Association to be a catalyst for yacht participation in as many regattas as possible and the threshold for qualification of these additional benefits will be minimal and based on common sense .

An individual membership in CYOA is open to owners of classic yachts and costs $100/year.  Associate memberships ($50) are available for non-owners who’d like to show their support for CYOA and receive member communications like the e-newsletter.

We also offer an Industry Partner membership for $200/year which gives the talented folks who make it possible for us to sail and race our yachts an opportunity to show support for the community .

Submit your application online  today.

If you’re already a member and you’d like to renew, click  here .

Thanks to our Diamond and Gold Partners

Interested in becoming a partner of the cyoa join as a partner online or contact us at info @ classicyachts.org for details..

SPERRY SAILS

The Classic Yacht Owners Association is an exempt organization as described in Section 501(C) (3) of the Internal Revenue Code. Donations and membership fees are charitable contributions and tax-deductible. Employer Identification Number: 81-285925

© Copyright 2024. All Rights Reserved. Website by risingT, LLC.

Financial Reporting and Analysis Software

• Our products:
• Financial Analysis
• Reporting Tool
• US Industry Benchmarking
• Russian Entites Profiles

Russian Company OOO "NPP "TEKHNOLOGIIA"

Brief profile.

active Commercial

Facts to Consider

The manager is also a CEO in 1 organization.

The company has been in business for 28 years.

The age of the organization is higher than the industry average.

Complete Profile

• 1. General Information
• 2. Registration in the Russian Federation
• 3. Company's Activities
• 4. Legal Address
• 5. Owners, Founders of the Entity
• 6. OOO "NPP "TEKHNOLOGIIA" CEO
• 7. Entities Founded by Company
• 8. Number of Employees
• 9. Company Finance
• 10. Entities related to OOO "NPP "TEKHNOLOGIIA"
• 11. Timeline of key events
• 12. Latest Changes in the Unified State Register of Legal Entities (USRLE)

General Information

Full name of the organization: OBSHCHESTVO S OGRANICHENNOI OTVETSTVENNOSTIU "NAUCHNO-PROIZVODSTVENNOE PREDPRIIATIE "TEKHNOLOGIIA"

TIN: 7735072692

KPP: 773501001

PSRN: 1027700443121

Location: 124498, Moscow, Zelenograd, pl Shokina, 1 str. 9, kom. 9213

Line of business: Other research and experimental development on natural sciences and engineering (OKVED code 72.19)

Organization status: Commercial, active

Form of incorporation: Limited liability companies (code 12300 according to OKOPF)

Registration in the Russian Federation

The tax authority where the legal entity is registered: Inspektsiia Federalnoi nalogovoi sluzhby № 35 po g. Moskve (inspection code – 7735).

Registration with the Pension Fund: registration number 087001006135 dated 16 October 1995.

Registration with the Social Insurance Fund: registration number 772600253077401 dated 11 November 1995.

Company's Activities

The main activity of the organization is Other research and experimental development on natural sciences and engineering (OKVED code 72.19).

Legal Address

OOO "NPP "TEKHNOLOGIIA" is registered at 124498, Moscow, Zelenograd, pl Shokina, 1 str. 9, kom. 9213. ( show on a map )

Before 04/01/2019 the organization was located at .

No other organizations are listed at the current registered address.

Owners, Founders of the Entity

The founder of OOO "NPP "TEKHNOLOGIIA" is

OOO "NPP "TEKHNOLOGIIA" CEO

The head of the organization (a person who has the right to act on behalf of a legal entity without a power of attorney) since 19 November 2002 is director Shamanaev Sergei Vladimirovich (TIN: 773500651923).

Entities Founded by Company

Currently OOO "NPP "TEKHNOLOGIIA" is listed as a founder in:

Number of Employees

In 2023, the average number of employees of OOO "NPP "TEKHNOLOGIIA" was 3 people. This is 4 people less than in 2022.

Company Finance

The Authorized capital of OOO "NPP "TEKHNOLOGIIA" is 50 thousand RUB.

In 2023, the organization received the revenue of 11.5 million RUB, which is 1.8 million RUB, or by 18.2 %, more than a year ago.

As of December 31, 2023, the organization's total assets were 7.8 million RUB This is 1 million RUB (by 15.4 %) more than a year earlier.

The net assets of OOO "NPP "TEKHNOLOGIIA" as of 12/31/2023 totaled 6.9 million RUB.

The OOO "NPP "TEKHNOLOGIIA"’s operation in 2023 resulted in the profit of 669 thousand RUB. This is by 91.1 % more than in 2022.

The organization is not subject to special taxation regimes (operates under a common regime).

The organization belongs to the micro business category. In accordance with the criteria established by regulations, an organization with the annual revenue of up to 120 mln RUB and up to 15 employees is considered a micro business.

Information about the taxes and fees paid by the organization for 2022

The organization had no tax arrears as of 02/10/2024. Therewith, as of 02/10/2024, the tax arrears in the amount of 278 RUB was reported.

The organisation is listed in the register of recipients of state support:

Entities related to OOO "NPP "TEKHNOLOGIIA"

Based on the data from the Unified State Register of Legal Entities, the following legal entities and people are directly or indirectly related to the organization.

Timeline of key events

• Head of the organization – Shamanaev Sergei Vladimirovich .
• Legal address – .
• Information about the founder was entered – Shamanaev Sergei Vladimirovich .

Latest Changes in the Unified State Register of Legal Entities (USRLE)

• 04/16/2020 . Changes to the information about a legal entity contained in the Unified State Register of Legal Entities due to errors made by the registration authority.
• 04/01/2019 . Change of information about a legal entity contained in the Unified State Register of Legal Entities.
• 04/13/2018 . Submission of information on the issuance or replacement of documents proving the identity of a citizen of the Russian Federation on the territory of the Russian Federation.
• 09/18/2016 . Entering information about registration in the FSS RF.
• 01/13/2010 . Entering information about registration in the Pension Fund of the Russian Federation.
• 11/22/2002 . Notification of the registering authority on amendments to the constituent documents of a legal entity.
• 11/20/2002 . Entering information about accounting with the tax authority.
• 11/19/2002 . Entering information about a legal entity created before 07/01/2002 into the Unified State Register of Legal Entities.

* The date of change in the Unified State Register of Legal Entities is shown (may be different from the actual date).

The data presented on this page have been obtained from official sources: the Unified State Register of Legal Entities (USRLE), the State Information Resource for Financial Statements, the website of the Federal Tax Service (FTS), the Ministry of Finance and the Federal State Statistics Service.

Start free Ready Ratios financial analysis now!

No registration required! But once registered , additional features are available.

• Terms of Use
• Privacy Policy

Login to Ready Ratios

If you have a Facebook or Twitter account, you can use it to log in to ReadyRatios:

Have you forgotten your password?

Are you a new user ?

Things to Do in Zelenograd, Russia - Zelenograd Attractions

Things to do in zelenograd.

• 5.0 of 5 bubbles
• 4.0 of 5 bubbles & up
• 3.0 of 5 bubbles & up
• Good for a Rainy Day
• Good for Kids
• Budget-friendly
• Good for Big Groups
• Adventurous
• Hidden Gems
• Good for Couples
• Honeymoon spot
• Good for Adrenaline Seekers
• Things to do ranked using Tripadvisor data including reviews, ratings, photos, and popularity.

1. Vedogon Theatre

2. Zelenograd Exhibition Hall

3. Bolshoi Gorodskoi Prud

4. Zelenograd State Historical Local Lore Museum

5. Temple of the Prelate Nikolay Mirlikiysky

6. Bust Alexander Pushkin

7. Chapel of St. Sergius of Radonezh

8. angstrem.

9. Shtyki - Monument to the Defenders of Moscow

10. zelenogradskiy ice dome.

11. Dendropark

12. Viewpoint

13. Park Zeleny Bor

14. Recreation Area at the Lower Kamenskiy Pond

15. flute house.

16. SM Zelenopark

17. Rubezh 1941 Goda

18. Park of the 40th Anniversary of the Victory

19. Ruki VVerkh! Bar

20. Memorial Line of Defense

22. Monument to K.S. Rokossovsky

23. Trampoline Club Adult Sport

24. Central Square

25. Time-Club Vmeste

26. Cultural Center Zelenograd

27. orbita ice dome.

28. Iridium

29. IQquest

30. Planetium

• Zelenograd Exhibition Hall
• Bolshoi Gorodskoi Prud
• Vedogon Theatre
• Zelenograd State Historical Local Lore Museum
• Temple of the Prelate Nikolay Mirlikiysky
• Park of the 40th Anniversary of the Victory
• Park Zeleny Bor
• Zelenogradskiy Ice Dome

An official website of the United States government

Here’s how you know

The .gov means it’s official.

Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.

The site is secure.

The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Russia-related Designations, Updates and Removal; Counter Terrorism Designation Update; Issuance of Russia-related General Licenses

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 13G , "Authorizing Certain Administrative Transactions Prohibited by Directive 4 under Executive Order 14024"; Russia-related General License 74 , "Authorizing the Wind Down and Rejection of Transactions Involving East-West United Bank"; Russia-related General License 75 , "Authorizing Certain Transactions Related to Debt or Equity of, or Derivative Contracts Involving, Certain Entities Blocked on November 2, 2023"; and Russia-related General License 76 , "Authorizing the Wind Down of Transactions Involving Certain Entities Blocked on November 2, 2023."

Additionally, OFAC has updated its Specially Designated Nationals and Blocked Persons List:

The following deletions have been made to OFAC's SDN List: 

PUBLIC JOINT STOCK COMPANY ODK SATURN (a.k.a. NPO SATURN JSC; a.k.a. "SATURN NGO"), 163 Lenina Ave, Rybinsk 152903, Russia; Tax ID No. 7610052644 (Russia); Registration Number 1027601106169 (Russia) [RUSSIA-EO14024].  NPO SATURN JSC (a.k.a. PUBLIC JOINT STOCK COMPANY ODK SATURN; a.k.a. "SATURN NGO"), 163 Lenina Ave, Rybinsk 152903, Russia; Tax ID No. 7610052644 (Russia); Registration Number 1027601106169 (Russia) [RUSSIA-EO14024].  "SATURN NGO" (a.k.a. NPO SATURN JSC; a.k.a. PUBLIC JOINT STOCK COMPANY ODK SATURN), 163 Lenina Ave, Rybinsk 152903, Russia; Tax ID No. 7610052644 (Russia); Registration Number 1027601106169 (Russia) [RUSSIA-EO14024]. 

Unrelated Administrative List Updates:

NOLAN (f.k.a. OSLO) Oil Products Tanker Panama flag; Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886; Vessel Registration Identification IMO 9179701; MMSI 354798000 (vessel) [SDGT] (Linked To: PONTUS NAVIGATION CORP.). -to- NOLAN (f.k.a. "OSLO") Oil Products Tanker Panama flag; Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886; Vessel Registration Identification IMO 9179701; MMSI 354798000 (vessel) [SDGT] (Linked To: PONTUS NAVIGATION CORP.).