Ocean Marine Insurance
Travelers QUAY Yacht Agreement
Coverage Description
The QUAY Yacht Agreement is an insurance contract specifically designed for luxury yachts valued from $250,000 to $1 million. No other policy is designed quite like it. It has all the benefits of a mega yacht policy tailored to meet the unique requirements of custom and semi-custom sportfish vessels, trawlers, "Down East" boats and long-range cruisers.
Favorable policy language includes:
- Captain/crew coverage (including Jones Act)
- 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
Privately-owned luxury yachts valued from $250,000 or greater such as:
- Custom and semi-custom sportfish vessels
- Trawlers
- "Down East" boats
- Long-range cruisers