Boat Insurance and Watercraft Insurance

Liability insurance for boat owners, renters, and businesses, being on the water can be unpredictable and if your boat accidentally causes damage, your business and your life could take a huge hit. whether you own a boat business or simply have your own personal watercraft, proper coverage is necessary..

While some states do not require boat owners to carry boat or personal watercraft insurance, not having the coverage puts you at significant risk. If you cause an accident while on the water, an injured party could sue to cover their medical expenses and damage to their property. If the lawsuit is successful, you could owe hundreds of thousands of dollars or more. Having the right amount of liability insurance reduces your exposure and protects your assets.

Boat Insurance For Owners, Renters, and Businesses

XINSURANCE provides customized insurance solutions for boat owners, boat renters, boat rental companies, and more. This not only covers boats but can also cover other types of watercraft you own or rent. We offer boat insurance solutions regardless of the size, type, or number of watercraft you need covered.

We can help businesses and individuals who have been declined, canceled, or non-renewed by an insurance company. If you’re struggling to get or even find the insurance coverage you need for you or your business, we can step in to find a solution tailored to your needs.

Get started today by requesting a quote for your personal or commercial boat insurance needs!

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Types of Boats, Watercraft, and Businesses We Can Help!

  • High-Powered Watercraft
  • Custom-Built Vessels
  • Fiberglass, Wooden, or Metal Vessels
  • Homebuilt or Commercial Vessels
  • Pontoon Boats
  • Banana Boats
  • Fishing Boats
  • Paddleboats
  • Hydro Flying
  • High-Performance Racing
  • Boat Tour Businesses
  • Rental Businesses
  • Security Or Water Patrol Businesses
  • Charter Businesses

Watercraft and Boat Insurance Coverage Options

General liability.

Covers 3rd party bodily injury and 3rd party property damage for both personal and commercial use of your boat or watercraft.

Hull and Physical Damage Coverage

This coverage can protect the boat owner or renter against damage to their own boat, including the hull, machinery, and other equipment. It typically covers losses caused by perils such as collisions, fire, theft, vandalism, and certain natural disasters.

Uninsured Boater Coverage

This coverage can protect boat owners, renters, and passengers in the event of an accident caused by an uninsured or underinsured boater. It typically covers medical expenses, lost wages, and other damages that may result from the accident.

TRU Umbrella

Our TRU Umbrella Insurance solution can cover the gaps and exclusions in your primary policy. Traditional umbrella policies still have holes that leave you exposed. For true peace of mind, a TRU Umbrella solution is what you need.

Sudden or Accidental Pollution Coverage

This coverage can protect boat owners and renters against costs associated with sudden or accidental pollution incidents caused by their boat. It typically covers expenses related to containment and cleanup of pollutants, as well as liability for damages to the environment or third parties caused by the pollution event. This coverage can be particularly important for boat owners who use their vessels in sensitive marine environments.

Want to Bundle This Coverage with More?

Our tru umbrella plan allows you to consolidate your coverage needs into one, fully custom plan. enhance your protection and fill the gaps with xinsurance tru umbrella., doesn't my homeowners policy cover my boat.

In some cases, a homeowners insurance policy will extend coverage to a boat — as long as the watercraft is relatively small. However, these policies typically provide minimal protection, include gaps that leave you vulnerable, and contain low liability limits that may not cover the full amount of a court-ordered award or settlement. Many boat owners turn to XINSURANCE for extra coverage that gives them true peace of mind.

Typically, a homeowners policy will cover boats under 50 hp and under 26 feet long, however, you should check your policy to confirm. XINSURANCE can also review your policy to see if your boat is covered and if there are any gaps or exclusions that are leaving you exposed. We can then provide solutions for your boat if additional coverage is desired or needed.

Do you provide “normal” boat insurance?

Yes! We provide boat insurance solutions for your personal or commercial boat that the standard market will not offer you.

Do you cover rentals and can I rent my units on a peer to peer platform?

Yes! We can cover businesses that rent boats and boats that are used on a P2P (peer-to-peer) app or platform. Your rented units can be used in lakes, oceans, rivers, etc.

We can offer a renters’ liability program which will cover physical damage to units while being rented and personal liability coverage for the renter. We can also offer transportation coverage while under renters’ care/control so they can pick up and transport a rented unit.

Does XINSURANCE offer a lay-up period during policy period?

Yes, we can underwrite and schedule a lay-up period on the policy.

Can I make payments or do I need to pay in full?

Yes, we offer payment plans: down payment of 25%, 30%, or 40% down, then monthly payments will coincide with the length of your season.

Can I add more units during policy period?

Yes, we encourage growth. Keep in mind, that all units must be scheduled to the policy for coverage to apply.

Can I cancel after my season is over?

Yes, but there will be no return of premium, as the policy has been underwritten around the exposure during the season.

Feel free to view, download, or print our  Boat Insurance FAQ !

How To Get A Quote

Request your quote.

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Specify Your Needs

We’ll schedule a call with you to consult on your needs, and collect more details

Get Your Custom Quote

We’ll use all the information provided to craft a highly personalized quote to address all of your specific insurance needs in one comprehensive policy

States that Require Boat Insurance

Which states require boat insurance.

There are only a few states that require boat insurance and the boating laws will vary by state – these states are Arkansas, Hawaii, and Utah. Click or tap on your state to see more information and any requirements. Please note that laws are subject to change and the information may not be up to date.

In Arkansas, boats with 50 hp or more are required to have insurance.

  • $50k minimum limit

In Hawaii, boat insurance is only required for boats parked in the Department of Land and Natural Resources Division of Boating and Ocean Recreation (DOBOR) facilities including harbors and offshore moorings.


  • Minimum requirement: $500k
  • State of Hawaii must be named as an additional insured
  • Policy should cover salvage costs for grounded or sunken vessels, damage to docks, pollution containment, and wreck removals

In Utah, boats with 50 hp or more are required to have insurance.

  • Bodily injury: $25/50k
  • Property damage: $15k
  • Or a combined limit of $65k

Want to Cover More Than Your Boat?

Have more toys than just a boat? We can provide insurance solutions for other recreational vehicles such as snowmobiles, jet skis, aircraft, ATVs, and more!

Know the Facts

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Alcohol use is the leading known contributing factor in fatal boating accidents; where the primary cause was known, it was listed as the leading factor in 16% of deaths

Collisions (with vessels, objects, groundings) were the most frequent first event in accidents, attributing to 55% of accidents, 21% of deaths, and 53% of injuries.

The U.S. Coast Guard counted about $62.5 million of damage to property as a result of recreational boating accidents in 2020.

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What our clients say

Insurance for all activities. Excellent product with total coverage for WHEN you need that extra help. THIS IS INSURANCE I CAN TRUST TO PROTECT ME!

– Dave H.

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Your Trusted Team For Tackling the Unexpected

Fighting for you is what we do best.

At XINSURANCE, we believe in taking an active role in defending the interests of our customers. When an insured is facing challenges such as frivolous lawsuits or unfounded charges, we take pride in staying by their side.

Unique Requirements are Our Specialty

XINSURANCE specializes in covering the extraordinary cases that other agents lack expertise in. If you need something insured and can’t find a policy for it anywhere else — chances are our team will know exactly how to get you coverage for it.

Built-For-You Flexibility & Dedicated Support

The XINSURANCE approach to coverage is anything but “one size fits all”. Our specialty insurance experts work one-on-one with you to fully understand your circumstances, insurance needs, and high-risk areas up front. This means that by the time your policy is issued, we're fully prepared to support you through the worst-case scenarios — not drop you when an incident, claim, or lawsuit occurs.

More of Your Coverage - All In One Place

Though your policies won’t be “one size fits all,” XINSURANCE does take an all-in-one approach to insurance. This means that instead of buying several policies, we’re able to offer coverage solutions for your various needs all in one plan.

What You Can Expect From Our Team

Insurance solutions tailored to your needs

Expansive coverage options

Expert support when facing frivolous charges

Dedicated support & service

Related Products

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TRU Homeowners

There’s a wide range of reasons why your homeowners policy may not be able to offer you sufficient coverage. Fortunately, XINSURANCE can offer TRU Homeowners solutions to cover wind, floods, earthquakes, mudslides, wildfires, and more.

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Jet Ski Rental Insurance

Whether you’re an individual or an owner of a jet ski rental business, we can offer a plan that provides coverage specific to your needs and circumstances. Get the coverage you need Before you have to go without it when disaster occur.

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TRU Umbrella coverage is customized to fit your unique needs by filling the gaps and covering the exclusions in your primary policy for work, home, and play.


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Yacht Insurance

Protect your superior watercraft with superior protection from Chubb.

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Chubb has been a leading provider of yacht insurance for over 100 years, offering some of the most comprehensive policies available for private, pleasure watercrafts. Being on the water is an experience of peace, calm, and new adventures on the horizon. It’s an experience you want to protect. Our Masterpiece® Yacht insurance policy offers superior coverage for pleasure yachts 36 feet or greater in length. And for captained vessels 70 feet or greater in length and valued at $3 million or more, our  Masterpiece Yacht Preference policy has the specialty coverages you and your crew need.

Masterpiece® Yacht Policy Highlights

Agreed Value Coverage

We pay the entire agreed amount, with no deductible, for a total loss. With our Masterpiece Yacht Select policy, eligible vessels can receive Replacement Cost coverage up to 120%.

Liability Protection

Limits of coverage to suit your personal needs, including: legal defense costs, liability as required by the Oil Pollution Act of 1990, wreck removal, and Jones Act coverage for paid crew.

Replacement Cost Loss Settlement

Repair or replacement of covered property is paid for without deduction for depreciation for most partial losses.

Uninsured/Underinsured Boater Coverage

Pays for bodily injury to persons aboard the insured watercraft who are injured by an uninsured owner or operator of another vessel.

Medical Payments

Reasonable medical and related expenses are included for all those onboard, boarding or leaving the covered vessel. These benefits are provided on a per person basis, rather than per occurrence. Optional and customized limits are available.

Search & Rescue

Up to $10,000 for the expenses incurred by an insured in relation to a governmental unit such as the United States Coast Guard (USCG) who provide emergency aid and assistance are included for no additional charge. With our Masterpiece Yacht Select option, coverage is available up to $25,000.

Longshore and Harbor Workers’ Compensation Act (LHWCA)

When Liability coverage is purchased, coverage is automatically provided for those employed aboard the vessel who are within the jurisdiction of the LHWCA.

Personal Property & Fishing Equipment Coverage

Protection is automatically included for the clothing, personal effects and fishing gear of the boat owner and their guests. Optional higher limits are available.

Coverage for Marinas as Additional Insured

Marinas, yacht clubs and similar facilities where clients keep their vessels are included as Additional Insureds.

Trailer Coverage

We automatically include coverage up to $5,000 for your trailer used with your insured vessel. Higher limits are available.

Emergency Towing & Assistance

Our policy includes this coverage with optional higher limits available.

Boat Show & Demonstration Coverage

We automatically provide this coverage, at no additional charge.

Precautionary Measures

We will pay up to the policy limit the reasonable costs incurred to haul, fuel or dock the insured watercraft endangered by a covered peril.

Bottom Inspection

We will cover the reasonable costs to inspect the bottom of an insured vessel after grounding, stranding, or striking a submerged object. There is no deductible for this coverage.

Oil Pollution Act of 1990 (OPA) Coverage

If Liability coverage is purchased, our policy provides coverage in addition to the Liability limit, up to the required OPA statutory limits, regardless of the Liability limit chosen. Additionally, if the OPA statutory limit is increased in the future, our policy will automatically increase the applicable OPA limit to match the new higher statutory limits.

Temporary Substitute Watercraft

Up to $5,000 to charter a temporary substitute watercraft if the insured vessel is out of commission due to a covered loss and cannot be repaired within 72 hours. With our Masterpiece Yacht Select policy offering, the limit of Temporary Substitute Watercraft is increased to $10,000.

Marine Environmental Damage Coverage

This feature provides protection up to $10,000 for fines and penalties as a result of marine environmental damage, as defined by the policy terms. Coverage is provided in addition to the insured's applicable Liability and OPA limits. With our Masterpiece Yacht Select policy offering, the limit of Marine Environmental Damage Coverage is increased to $25,000.

57% of boating accidents happen on calm days with waves less than 6 inches.

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Chubb offers some of the most comprehensive protection and services available rain or shine.

*Source: 2016 Recreational Boating Statistics, United States Coast Guard

Masterpiece Yacht Preference

Masterpiece Yacht Preference fulfills the specialty insurance needs of luxury yacht owners with captained vessels 70 feet in length and greater, valued at $3 million or more.

No depreciation applies on the following items

Machinery inside the hull, Personal Property, dingy/tender, and Personal Watercraft.

Emergency Towing Service

We include coverage up to the amount of Property Damage with no deductible.

The medical payments limit offered is on a per occurrence basis, and we will pay costs incurred up to three years from the date of occurrence.

Marina as Additional Insured

The marina, yacht club, or similar facility where the insured yacht is docked, moored, or stored is included as an Additional Insured.

Captain and Crew Coverage

Liability coverage is extended to the captain and crew members serving aboard the insured yacht.

Defense Costs

Defense costs are included in addition to the limit of liability and includes up to $50,000 loss of earnings.

Mooring or Slip Rental Agreement Waiver

When waiver of subrogation is required through a written contract by a yacht club, marina, or similar facility used for the purpose of storage or slip rental, our Masterpiece Yacht Preference policy will permit an insured to waive their rights of subrogation.

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Masterpiece® Recreational Marine Insurance Brochure

Your client’s guide to watercraft protection. Make sure they’re protected, with the right coverage, so they can relax on and off the water.

Related Coverage

We provide exceptional boat insurance with tailored protection.

We help you stay ahead and informed with these helpful tips and tricks

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12 safety tips for recreational boaters

As the weather warms up, many of us head to lakes, rivers, or the ocean to fish, waterski, cruise, and relax onboard a boat, yacht or other personal watercraft. 

yacht rental insurance

Understanding boat insurance

A comprehensive guide to finding the right boat insurance coverage.

This information is descriptive only. All products may not be available in all jurisdictions. Coverage is subject to the language of the policies as issued.

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Find an Agent

Speak to an independent agent about your insurance needs.

yacht rental insurance

Ensuring Insurance on Your Peer-to-Peer Boat Rental

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Table of Contents

One of our main goals at Boatsetter is to promote and ensure everyone’s safety when they are renting out or renting a boat using our online marketplace. To make sure that everyone involved in the transaction has a safe and wonderful time while they are out on the water, we have become the first online boat rental company that has an insurance policy that protects boat owners, captains, and renters alike. With our BoatUS Peer-to-Peer Rental Policy from Geico Marine Insurance, we are able to protect all of our customers and provide 24/7 on-water support through TowBoat US. Since each Boatsetter rental is covered under the Geico Marine Insurance policy , owners and renters alike can rest assured that they are protected by the best boating insurance on the market.

The #1st and only online boat rental marketplace covered with insurance

One of the best things that separates Boatsetter from our competitors is that we were the 1st and only online boat rental marketplace that offers insurance not only to our boat owners but to our renters and captains as well. Each Boatsetter rental covered under the Peer-to-Peer Boat Rental Policy through BoatUS comes with significant liability coverage: $300,000 per person and $300,000 total liability per accident. The Peer-to-Peer Boat Rental Policy is the primary policy during the rental period and doesn’t require you to change anything with your regular boat policy. If your boat insurance policy doesn’t allow participation in a peer-to-peer rental service, we’ve made it easy to move to BoatUS which does allow their policyholders to participate.

Security deposits are made for each rental with Geico Marine Insurance

Boatsetter includes a security deposit in every listing which protects the boat owner in case there is any damage to the boat. Boatsetter will also use its commercially reasonable efforts to address each owner’s requests and claims related to security deposits, though Boatsetter is not responsible for administering or accepting any claims by owners related to security deposits, and disclaims any and all liability in this regard.  With the security deposit in place, renters are more careful and expected to treat the boat with respect and know that any damage to the boat may result in the loss of their security deposit.

Eligibility and requirements for insurance coverage

In order to be covered under Boatsetter’s insurance policy, the boat must not have been modified in any way that is not endorsed or approved by the manufacturer. The boat must also maintain current insurance, registration, and any federally required licensing or other documentation. Additionally, it also must not be owned by a charter company or commercial operation that charters boats. Boats that are older than twenty-five years, boats that exceed $250,000 in value, boats that exceed 40-feet in length, and boats that can go faster than 50-mph will also require additional information before coverage is granted. As will pontoon boats, houseboats, and any boats that outboard, inboard, or sterndrive. Excluded vessels include jet skis and personal watercraft, boats with carbon fiber or composite hulls or masts, Ferro cement boats, and home-built boats.

All in all, there’s no insurance coverage as thorough and dependable as Boatsetter’s Geico Marine Insurance Policy, so join us today and let’s make the most of our boating experiences!

Mariah Hoefle

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Do You Need Travel Insurance for a Yacht Charter? (2024)

Compare free travel insurance quotes by clicking below.

in under 2 minutes

Charlotte Armitage Photo

Charlotte Armitage is a copywriter and content manager writing for brands primarily in the travel and recruitment industries. Writing is a major hobby as well as an occupation, but she also spends her time reading, dancing and bouldering.

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Tori Addison is an editor who has worked in the digital marketing industry for over five years. Her experience includes communications and marketing work in the nonprofit, governmental and academic sectors. A journalist by trade, she started her career covering politics and news in New York’s Hudson Valley. Her work included coverage of local and state budgets, federal financial regulations and health care legislation.

Chartering a private yacht is an exclusive experience for a memorable vacation. The last thing you want is an accident, emergency or unforeseen event to affect such a special trip. These kinds of incidents make buying specialized travel insurance important.

More and more travelers choose yacht charters for vacations in places like the Caribbean. But many are unaware of travel insurance plans that cater to this kind of trip and the benefits the insurance provides. You buy travel insurance for a yacht charter to be covered for things like lost luggage, trip cancellation and trip delay but also any damage to the yacht and its equipment.

In this article, we explain why you need travel insurance for a yacht charter, the benefits of this coverage, and the different options, plans and providers available.

Why Trust MarketWatch Guides

Our editorial team follows a comprehensive methodology for rating and reviewing travel insurance companies. Advertisers have no effect on our rankings.

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Top 5 Providers of Yacht Charter Travel Insurance

Here are the top five providers of yacht charter travel insurance and what each offers for insurance coverage.

  • Travelex: Travelex offers Cruise Travel Insurance suited to a yacht charter vacation. The company’s Travel Select and Travel Basic plans cover cancellations, interruptions, delays, medical emergencies, lost baggage and valuable item coverage.
  • Berkshire Hathaway: Berkshire Hathaway’s yacht travel insurance package is called WaveCare and covers cruises and yacht charters. This insurance specifically caters to events that could happen while at sea — with higher medical coverage limits.
  • Seven Corners Travel Insurance: Cruise Travel Insurance from Seven Corners has a Basic and Choice option for boat trips and incidents that might affect the trip. It includes medical coverage for illnesses contracted on board, optional cancel for any reason coverage and provisions for travel cancellation and trip interruption.
  • International Medical Group (IMG): IMG supplies its Cruise Insurance for cruises and boat excursions through multiple plans: iiTravelInsured Travel SE, iTravelInsured Travel LX, iTravelInsured Essential, iTravelInsured Travel Sport and iTravelInsured Travel Lite. Policies cover lost baggage, prepaid trip costs, and illnesses and injuries, among other events.
  • HTH Worldwide Travel Insurance: HTH travel insurance is an option if you’re looking for a standard travel insurance protection plan. The company’s TripProtector Economy, TripProtector Classic and TripProtector Preferred plans give varying coverage limits and include coverage for medical evacuations, lost or stolen personal belongings and trip cancellations.

Protection Against Trip Cancellation or Interruption

Nobody wants to delay or cancel a vacation, but family emergencies, illnesses, natural disasters and political disruptions sometimes force you to reschedule or cancel a trip. Yacht charter travel insurance provides financial protection and reimbursement so you don’t lose money for a vacation you never took because of reasons that were outside of your control. This insurance is useful if you’re worried about the security of your destination or the weather around the location you’re scheduled to visit. It also covers cancellations for personal responsibilities that may affect a yacht-based vacation.

Most charter travel insurance policies include trip cancellation and interruption coverage, often offering 100% of trip costs. Providers like Travelex, Berkshire Hathaway and Seven Corners have various options and limits for travelers that may need to cancel or cut their trip short.

Yacht Travel Insurance for Medical Expenses and Emergency Assistance

No matter what kind of trip you take, travel medical insurance is important, but it can be particularly valuable on a chartered yacht. If you’re injured or get sick while in the middle of the ocean, emergency evacuation or treatment will be much more costly because of how much it costs to secure transportation and the price of emergency treatment.

Good coverage limits on medical expenses and emergency evacuation are important for this charter yacht insurance. The last thing you want to worry about is the expense involved when you need help at sea. Specialized insurance for yacht charters considers the potentially high costs of the trip and often supplies emergency assistance services.

Telehealth Insurance Coverage

Telehealth services use technology for remote consultations and appointments with doctors and other medical staff. It can be useful to have telehealth insurance coverage when you’re on a yacht charter vacation because it means you can speak to a medical expert if you fall ill or get injured without returning to shore. Remotely, a doctor can assess you and decide whether you need more medical attention. Telehealth coverage will reduce unnecessary interruptions of your trip.

Medjet Insurance Coverage 

Medjet is a travel insurance membership that supplies medical transportation services to a hospital of your choice if you’re in an accident or get struck with an illness while on vacation. Instead of having to stay for treatment at the nearest medical facility, Medjet insurance coverage means you can return home to recover instead.

If you need medical attention while you’re away on a yacht charter vacation, medical professionals can pick you up anywhere and get you to the medical facility of your choice.

Protection for Personal Belongings and Equipment

One issue about vacationing on a yacht is the possibility of losing your personal belongings by dropping or knocking them off the boat and into the water. It’s not easy to retrieve items if they’re underwater, so you will want to have insurance on the most expensive items.

Your possessions are also at risk of getting damaged or stolen when you’re on a charter vacation, and yacht travel insurance covers these scenarios. Coverage is also important if you end up damaging any of the equipment on board, as your insurance will cover the expenses to get this fixed and save you from having to shell out for the repairs instead.

Liability Coverage on Yacht Charters

Liability insurance on a yacht charter covers situations where your yacht damages another boat, port facilities or members of the public. Chartering a yacht brings several risks and opens the possibility of being sued if you damage property or injure someone.

Insurance can protect against third-party claims and potential legal expenses. All good yacht charter travel insurance should include liability coverage for accidents.

What Will Your Yacht Travel Insurance Not Cover?

While plenty of travel insurance companies supply comprehensive policies for yacht vacations, they won’t cover everything in their policies. You should consider them when you buy a policy to understand your risks. Here is a list of things your insurance won’t cover.

Pre-Existing Conditions

Most insurance providers won’t cover medical expenses or medical evacuation if the cause of an illness or accident is a pre-existing health condition. If you know you have a medical condition, you should buy more travel insurance to cover any medical emergency related to your situation. Otherwise, you won’t be able to claim reimbursement on a classic insurance plan.

Extreme Sports and Activities

Extreme sports and activities are other parts of a vacation that most general travel insurance policies won’t cover. If you plan to take part in an extreme sport or dangerous activity as part of your yacht charter trip, consider buying special health insurance coverage to ensure you’ll be protected if you have an accident.

High-Value Items and Personal Belongings

While many travel insurance plans cover personal belongings up to a point, they often have value limitations. That means expensive items won’t get covered by your policy. If you’re taking something valuable with you on a yacht vacation, set up special insurance for this item to get it covered if it gets lost or stolen.

Acts of War or Terrorism

Most yacht charter travel insurance plans cover emergency evacuation related to a medical emergency but don’t offer the same kind of protection if you need to leave a country because of terrorism or acts of war. Suppose you plan a yacht vacation to a destination where the risk of war or terrorism is more likely. In that case, you should get added coverage which means you can be evacuated in these kinds of emergencies.

Intoxication or Illegal Activities

You won’t be able to claim reimbursement for medical bills or yacht damage if injuries or damages were caused by someone’s intoxication, drug use or illegal activities. Avoid any illegal or potentially dangerous behavior while chartering a yacht.

Known and Foreseeable Events

If an event is considered “known,” or “foreseeable,” by an insurance provider, you won’t win a claim for damage or injury sustained because of the event. Instead, get specific coverage for specific activities. Also, be aware of the kinds of incidents on a yacht that your insurance won’t cover.

Unapproved Yacht Operators or Vessels

An insurer will decline coverage if an accident or damage happens because someone unapproved operated the yacht or if an unapproved vessel was involved. It’s important that only qualified and protected people operate your yacht charter, and that you’re aware of the coverage limitations when unapproved boats are involved.

The Bottom Line

A yacht charter vacation is a wonderful opportunity to relax, explore the coast or the ocean and enjoy the privacy and luxury of your vessel . However, there are risks associated with this kind of trip, and buying specific travel insurance is necessary to protect your trip and ensure a worry-free and protected yachting experience.

The benefits of yacht charter insurance ensure that you’ll spend your vacation covered for all eventualities with policies that consider the risks and occurrences on a yacht. Whether it’s your first experience on board or you’re a seasoned sailor, buying this insurance is essential .

Frequently Asked Questions About Travel Insurance

What does yacht charter travel insurance typically cover.

Yacht charter travel insurance typically covers any damage that is done to the yacht, the yacht equipment and any third-party damage. It also usually covers any injuries or accidents that happen on the yacht and any lost or damaged personal property that is kept on the yacht.

Can I add additional coverage options to my yacht charter insurance policy?

Yes, you can add coverage options to your yacht charter insurance policy. The extra insurance is a smart choice if you want more medical insurance, you’re planning any extreme or dangerous activities, or you’re bringing particularly valuable equipment and belongings on board.

Are there any restrictions or exclusions in yacht charter travel insurance policies?

Many yacht charter travel insurance policies have exclusions and restrictions that prevent you from being covered for reimbursement. Among them are pre-existing medical conditions, intoxication, illegal activities and damage from unapproved yacht operations.

What is CFAR coverage?

Cancel for any reason, or CFAR, is a trip cancellation insurance that pays out no matter why you decide to cancel your travel plans. If you’ve booked a yacht or catamaran charter and need to cancel your vacation due to an impending hurricane, for the death of a family member or just because you change your mind, CFAR coverage can help you recoup the charter fee.

Methodology: Our System for Ranking the Best Travel Insurance Companies

  • A 30-year-old couple taking a $5,000 vacation to Mexico.
  • A family of four taking an $8,000 vacation to Mexico.
  • A 65-year-old couple taking a $7,000 vacation to the United Kingdom.
  • A 30-year-old couple taking a $7,000 trip to the United Kingdom.
  • A 19-year-old taking a $2,000 trip to France.
  • A 27-year-old couple taking a $1,200 trip to Greece.
  • A 51-year-old couple taking a $2,000 trip to Spain.
  • Plan availability (10%): We look for insurers with a variety of travel insurance plans and the ability to customize a policy with coverage upgrades.
  • Coverage details (29%): We review the baseline coverage each company offers in its cheapest comprehensive plan. A provider with robust coverage earns full points, including baggage delay and loss, COVID-19 coverage, emergency evacuation and medical coverage, trip delay and cancellation coverage, and more. Companies also receive points for offering a variety of policy add-ons like accidental death and dismemberment, extreme sports, valuable items, cancel for any reason coverage and more.
  • Coverage times and amounts (34%): We compare each company’s waiting periods and maximum reimbursement amounts for baggage, travel and weather delays. Companies that offer customers reimbursement after fewer than 12 hours of delays earn full points in this category. We also reward travel insurance providers that cover more than 100% of trip costs in the event of cancellations or interruptions.
  • Company service and reviews (17%): We look for indicators that a company is well-prepared to respond to customer needs. Companies with an established global resource network, 24/7 emergency hotline, mobile app, multiple ways to file a claim and concierge services score higher in this category. We assess reputation by evaluating consumer reviews, third-party financial strength and customer experience ratings, specifically from AM Best and the Better Business Bureau (BBB).


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