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Yacht insurance

The best protection on the water for USAA members

The last thing you want to think about while enjoying a day out on your yacht is whether or not you have the right insurance coverage. With over 30 years of experience with yacht insurance protection, Markel can offer USAA Members the peace of mind of knowing that they have the best protection out on the water.

Coverage for your boat

  • Hull and equipment protection, which includes:
    • Broad navigation limits – all the way from Maine to Mexico
    • Protect and recover – pays reasonable costs incurred when trying to protect your yacht from further damage
    • Consequential damage for non-wood yachts -normal wear & tear and deterioration is not typically covered under a yacht insurance policy. However, if your yacht suffers damage from fire, explosion, sinking or collision, because of one of these conditions, you will be protected
    • Agreed value for total loss
    • Deductible waived on most total losses
    • No depreciation on most partial losses
    • Automatic tender coverage 
  • Windstorm extra expense - if there is a named storm watch or warning, Markel will share the costs of protecting your yacht
  • Personal effects coverage for all of the “extras” you bring on your yacht
  • Emergency towing and assistance
  • Rental reimbursement coverage

Coverage for you

  • Uninsured boater– protects you if an uninsured boat operator hits your yacht while in the water
  • Pollution liability – protects you if your yacht accidentally discharges into your favorite lake
  • Medical payments – pays for injuries suffered during a boating accident
  • Paid crew (Jones Act) – protects those that run and maintain your yacht
  • Protection and indemnity - protects you in cause you are responsible for injuries to another person, or damage to their boat or their property. Wreck removal included with purchase of hull coverage

Additional optional coverages available include:

  • Boat trailer coverage
  • Boat lift and boat house coverage
  • Fishing tournament reimbursement for fishing boats
  • Fishing equipment protection
  • Transit and storage coverage
  • Trip coverage
  • Trip interruption reimbursement 
  • Coverage for paid captain and crew
  • Personal liability coverage if you live aboard your yacht

Save money by customizing your yacht insurance.

  • Actual cash value coverage (ACV)– reduce your coverage to ACV, which factors in depreciation of your yacht should you have to file a claim
  • Lay-up option – we’ll discount your yacht insurance premium during the winter months when your yacht is not in use 
  • Higher deductibles – if you can manage the minor repairs on your boat on your own, selecting a higher deductible will reduce your premium
  • Windstorm exclusion – live in an area that isn’t at risk for a hurricane? Remove windstorm coverage from your policy
  • Liability only – protection in case you damage another yacht and/or person (doesn’t require a survey – even for older boats)

Get an event insurance quote

*Insurance, coverage, and discounts are subject to availability and qualifications and may not be available in all states. Coverage descriptions listed are intended to be brief and do not replace actual policy language. For questions or a complete definition of coverages and discounts available to you, please call a Markel Insurance Specialist at 1-866-936-1879.

Markel Customer Service

Hours of operation:
Mon.–Fri., 7:30 a.m.–8:00 p.m. CST
Sat., 9:00 a.m.–5:00 p.m. CST