Watercraft Insurance

Tailored Coverage for High-Value Yachts and Boats

Owning a luxury yacht, sailboat, or powerboat is a symbol of success and a source of personal enjoyment. However, navigating the open waters comes with unique risks. Protecting your investment and ensuring peace of mind requires specialized watercraft insurance designed for high-net-worth individuals.

At GRIT Insurance, we provide comprehensive watercraft coverage tailored to meet the needs of affluent clients. Whether you’re cruising locally or exploring international waters, our policies safeguard your vessel, crew, and guests.

Why You Need Specialized Watercraft Insurance

Standard policies often fall short when it comes to high-value vessels. Here’s why specialized watercraft insurance is essential:

• High Replacement Costs
  Luxury yachts and boats require coverage that matches their value, including custom equipment and features.

• Unique Risks on the Water
  Protect against accidents, weather-related damage, theft, and liability claims from other boaters.

• Crew and Guest Liability
  Ensure you’re protected against claims from passengers or hired crew members.

• Global Coverage Needs
  Many high-net-worth clients require international coverage for cross-border adventures.

• Specialized Repairs
  High-end watercraft demand certified technicians and OEM parts for repairs, which standard policies may not cover.

Key Coverages to Consider

Our watercraft insurance policies are tailored to address the specific needs of high-value vessels. Key features include:

• Agreed Value Coverage
  Ensures you receive the full insured value of your vessel in the event of a total loss.

• Liability Protection
  Covers damages or injuries caused to others, including other boats or property.

• Crew and Passenger Coverage
  Protects against injuries, accidents, or liability involving crew members or guests.

• Comprehensive Damage Coverage
  Includes protection against collisions, storms, fire, theft, and vandalism.

• Salvage and Wreck Removal
  Covers costs for salvage operations or environmental cleanup if needed.

• Worldwide Navigation Coverage
  Policies that travel with you, providing protection across international waters.

• Emergency Towing and Assistance
  Access specialized services designed for luxury vessels in the event of breakdowns or emergencies.

Types of Vessels We Cover

We offer insurance for a wide range of high-value watercraft, including:

• Luxury yachts and mega yachts
• High-performance powerboats
• Sailboats and catamarans
• Personal watercraft (e.g., Jet Skis)
• Classic or vintage boats
• Charter vessels used for personal or commercial purposes

Protect Your Vessel Today

Don’t leave your watercraft unprotected. Contact GRIT Insurance to explore comprehensive watercraft insurance designed for high-net-worth individuals.