Insuring the Yacht of Your Dreams

When you invest in a yacht, you’re investing in more than just a vessel—you are investing in a lifestyle. You are investing in the freedom to sail or cruise on the open water with friends and family, exploring beautiful destinations and making priceless memories in the sun and under the stars. But just as you would protect any other significant investment, protecting the yacht of your dreams with the proper insurance coverage is crucial.

Once you are ready to purchase a yacht, having the answers readily available for the following questions can ensure you receive an accurate quote and help speed up the process:

  • What is the year, make, and model of the yacht?
  • Where will your home port be?
  • Where do you intend to cruise (intended navigating plans)?
  • Will you have a professional crew?
  • Will you offer the yacht for charter?
  • Will you be having a survey?

Hull Insurance

There are several sections of a yacht insurance policy providing coverage for yacht owners. Hull coverage provides physical damage coverage for loss to the yacht, such as equipment, engines, electronics, furniture, and fixtures.

Agreed Value

Yacht policies generally are written on an “Agreed value” basis. Agreed value coverage pays out the predetermined value of your yacht in the event of a total loss. Agreed value policies are recommended for most yacht owners, as they provide more extensive coverage and certainty in the event of a loss.

Liability Coverage

Another important consideration for yacht insurance is liability coverage. Liability coverage protects you against any claims resulting from injuries or damage caused by your yacht. This coverage would include liability among the hired crew, guests, or third parties.

Yacht Policies

A yacht policy provides a great deal of additional coverage as part of the program. In addition to hull and liability coverage, many yacht policies include personal effects coverage, medical payments coverage, tenders and toys carried aboard, and emergency towing coverage. These coverages provide additional peace of mind and protection against the unexpected.

Simplifying Your Options

When insuring your dream yacht, it’s important to research your options and choose an insurance policy that meets your specific needs. Yacht insurance policies can be complex, so it’s best to work with a knowledgeable insurance agent to help you navigate the options. Our staff at Newcoast has over 100 years of combined experience in the insurance field. Solving complex problems is our specialty!

Newcoast provides peace of mind and protection for your boat, yacht, or RV with comprehensive property and casualty coverage. When out on the water or on the road, having insurance is not just an option—it’s a necessity. We offer a broad range of coverage options, and our insurance plans are customizable, considering factors such as navigation areas and marina requirements for your boat or roof and pest coverage for your RV or travel trailer. From a Class A motorhome to a world-class luxury yacht, we have the right policy at the right price. In addition, Newcoast is one of the largest loan originators in the country, and our finance experts have decades of industry experience. To obtain a loan or insurance plan that’s right for your boating or RV lifestyle, call (866) 639-2627 or visit


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