https://completemarkets.com/company/maritimepg/yacht-insurance/
Yacht Insurance
Maritime Program Group's Yacht Insurance programs reach all types and sizes of yachts. Our comprehensive programs, deep coverage areas, and extended navigation solutions are designed for the serious yachtsman. With more than 15,000 yachts protected under MPG programs and 20+ years of underwriting experience, our teams provide practical underwriting and placement solutions for brokers and their clients.
Overview
Maritime Program Group (MPG) is a managing general agency specializing in yacht and recreational marine risks. We provide direct access to admitted and non-admitted capacity through established carrier partners including New Hampshire Insurance Company, AIG, Markel and Osprey. Our Yacht Insurance program is built to handle everything from owner-operated coastal cruisers to multi-million-dollar luxury and mega yachts with complex exposures.
Ideal Accounts and Appetite
MPG is focused on insureds who require specialized marine underwriting and claims service. Typical fits include:
Private yachts and cruisers used for pleasure and private charters (subject to underwriting)
Luxury and mega yachts requiring high-value hull, liability and yacht tender limits
Owners and professional crews looking for robust liability and crew coverage
Yachts with extended navigation needs, higher horsepower, or sophisticated equipment
We are less likely to accept routine commercial fishing operations, unlicensed or undocumented charter vessels with unconventional operations, or heavily modified vessels outside usual recreational configurations — but each risk is considered with an underwriting review.
Coverage Highlights and Advantages
MPG’s yacht programs emphasize broad, market-competitive coverage and service features agents rely on:
Access to admitted and non-admitted placement options in most markets
Hull, machinery, protection & indemnity (P&I), medical payments, crew coverage, and agreed value options
Extended navigation ranges and bespoke endorsements for equipment, tenders, and special exposures
Work directly with in-house underwriters who have trades experience and hands-on knowledge
Policies and endorsements issued directly by MPG with a dedicated in-house claims unit
Instant online access to quotes, commission reports, endorsements and policy reprints
Direct or agency billing with credit card payment options and transparent transaction detail
Industry-specific loss prevention tools and proactive risk-management guidance
Underwriting Notes
Submissions should include a current hull survey or recent condition report, vessel specifics (LOA, year, builder, propulsion), navigation limits, prior loss history, and crew qualifications when applicable. MPG underwriters can advise on acceptable navigation territories and whether admitted or non-admitted placement is appropriate for a particular account. Minimum premium requirements vary by carrier and state — submit the risk for a formal indication.
Territories and Availability
This program is available in the following territories: 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. Availability and product form may vary by state and market.
Why Work With Maritime Program Group
As an MGA dedicated to marine risks, MPG offers underwriting continuity, speedy turnaround, and direct access to experienced underwriters who understand yachts and their unique exposures. Our carriers provide strong capacity for high-value yachts while our claims unit and loss prevention resources support both brokers and insureds through placement and post-incident service. For agents looking to place higher-end recreational marine accounts, MPG combines market access with specialty expertise.
Solutions For:
Yacht
Luxury and Mega Yachts
Example accounts you might place: a 60-foot owner-operated cruiser needing extended Caribbean navigation and agreed value hull coverage; or a 120-foot mega yacht requiring high-limit P&I, crew coverage, and specialized equipment endorsements. Submit full details so MPG underwriters can provide the best placement option.
Don't hesitate to call Maritime at (800) 366-8086 for all of your Yacht Insurance needs!
Frequently Asked Questions
What types of yacht accounts are a good fit for MPG’s program?Typically private pleasure yachts, luxury and mega yachts, and owner-operated cruisers that require specialized hull, liability, and crew coverages. MPG will review higher-risk operations case-by-case.
Which states and markets are available?MPG writes in most U.S. states. See the program availability list for specific state participation, and note that admitted vs. non-admitted placement can vary by state and carrier.
What submission information speeds underwriting?Provide vessel specs (LOA, year, builder), propulsion and horsepower, navigation limits, recent hull survey or condition report, prior loss history, and crew qualifications. This allows underwriters to evaluate exposures and offer appropriate endorsements.
How does MPG handle claims and endorsements?MPG maintains a dedicated in-house claims unit and issues policies and endorsements directly, which helps accelerate handling and ensures consistent communication between brokers, underwriters and claims staff.
Need help placing an account? Connect with a market specialist.