Ocean Marine Insurance
Travelers QUAY Marine Agreement
Coverage Description
The QUAY Marine Agreement is an insurance contract specifically designed for the unique requirements of luxury yachts valued at $1 million and greater.
Favorable policy language includes:
- Captain/crew coverage (including Jones Act)
- Extensive navigational limits
- Reduced deductible after a loss-free initial term
- Deductible waived for:
- Collision caused by another vessel
- Fire not originating from your yacht
- Provable manufacturer's defect
- Loss resulting from assisting another vessel in imminent danger
- No deductible for:
- Tenders carried on board
- Navigational electronic equipment
- Personal property (for you, your guests and the crew)
- Emergency towing
- Automatic coverage for Marina as additional insured
Customer Profile
-
United States and Canadian-based, privately-owned luxury yachts with a full-time captain and/or crew
