Overview of the Program from Maritime Program Group
Does the purchase of a high performance vessel by a client give you that sinking feeling? Maritime Program Group’s Recreational Marine High Performance Vessel Division helps brokers place faster craft that many markets decline. Our program provides access to markets that will consider performance boats capable of speeds up to 125 mph and pairs that capacity with marine-specific underwriting and servicing tailored for high-performance craft.
Ideal accounts and appetite
This program is designed for independent agents and brokers seeking placement for clients who own performance-oriented recreational boats, including:
- High performance runabouts and performance center consoles
- Sterndrives and outboard-powered performance boats
- Well-maintained older performance boats and newly built performance designs
Typical accounts fit when the vessel is well-maintained, used for private recreational purposes, and the operator demonstrates safe operation. Most markets will not consider vessels designed to exceed 55–60 mph; our High Performance program will consider vessels up to 125 mph. We generally do not place commercial-use high-speed craft, racing-only boats, or vessels with unreported structural or major engine modifications.
Coverage highlights and program advantages
The High Performance Vessel Insurance program at Maritime Program Group offers broad, marine-specific coverage features agents can offer to clients:
- Agreed Value for most performance boats
- Liability coverage with options for Pollution Liability and Uninsured Watercraft coverage
- Medical Payments and Personal Effects coverage
- Emergency Towing and Assistance coverage
- Optional Trailer Coverage and Boat Lift Coverage
- Dedicated in-house claims unit to support prompt handling
• Work and negotiate directly with our in-house underwriters who have unmatched experience and hands-on trade knowledge.
• Broad capacity, from bass boats to multi-million dollar luxury yachts.
• Remarkable service with proactive communication and timely responses.
• Instant online quotes, applications, commission reports, endorsement reprints and more.
• Agency billing and competitive commission schedules.
• Dedicated in-house claims unit.
Underwriting notes and minimum premiums
Underwriting focuses on vessel condition, horsepower-to-weight ratios, reported top speeds, and operator experience. Specific eligibility questions—such as modified engines, structural changes, or use for competition—should be referred to underwriting for review. Minimum premium: Varies by risk and state; submit details for a tailored quote.
Territories and admitted status
Available in: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY. Admitted status: All available states (carrier and state filing dependent).
Why work with Maritime Program Group on High Performance Vessel business
As a managing general agency specializing in recreational marine risks, Maritime Program Group gives agents direct access to experienced in-house underwriters and marine markets that will consider higher-speed vessels. You benefit from streamlined online quoting and servicing tools, agency billing, and a claims team focused on marine exposures. If you have a client who purchased a high-performance runabout or performance center console and needs agreed value and tailored liability options, this program was built to address those placements.
For immediate assistance call 800-366-8086 or visit www.maritimepg.com for more information on High Performance Vessel Insurance.
Frequently Asked Questions
What speeds and vessel types does this program consider?
Maritime Program Group’s High Performance program will consider recreational performance vessels capable of speeds up to 125 mph. The focus is private, recreational boats—racing-only or commercial high-speed craft typically do not qualify.
What coverages are commonly available through this program?
Common features include Agreed Value, Medical Payments, Personal Effects, Uninsured Watercraft coverage, Emergency Towing and Assistance, Pollution Liability, and optional Trailer and Boat Lift coverage. Specific options depend on the market selected for the risk.
What information should I submit for a quick decision?
Provide vessel year, make, model, length, engine type and horsepower, reported or GPS top speed if available, hull condition, recent survey or maintenance records, principal operator experience, and intended use. These details help underwriters assess eligibility and expedite quoting.
Need help placing an account? Connect with a market specialist.