Mega-Yacht Insurance

The Elite Yacht Program^® is ACE's exclusive program to fulfill the specialty insurance needs of luxury yacht owners with vessels valued at $5 million or greater.  Exceptional yachts require specialized insurance protection and the Elite Yacht Program provides significantly increased benefit levels for a broad range of coverage, along with many other valuable and unique policy features.  

Benefits

• ACE’s unique Hull Deductible Waiver. Please see Coverage details below.
• A multitude of deductible-free coverages.
• Worldwide navigation limits are available.
• “Blue Cards” for Mediterranean cruising – required as proof of insurance in Italy, Spain and Greece – free of charge.  

Coverage

• Hull Deductible Waiver – When a covered claim exceeds the Hull Deductible amount, no deductible is applied. Also see the ‘Deductible-Free Coverage’ tab below.
• No depreciation applies on the following items: Machinery inside the hull; Personal Property; Crew Personal Property; Personal Watercraft.
• Occasional Charter Coverage – Our policy automatically includes this coverage.
• Medical Payments – The medical payments limit offered is on a per person basis, rather than per occurrence, and we will pay costs incurred up to three years from the date of occurrence.
• Captain and Crew Coverage – Liability coverage is extended to the captain and crew members serving aboard the insured yacht.
• Marina as Additional Insured – The marina, yacht club and similar facility where the insured yacht is kept is automatically included as an Additional Insured.
• 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, the Elite Yacht Policy will permit an insured to waive their rights to subrogation.
• Legal Defense Protection – Covered payments made for the cost of an insured’s legal defense, related to ownership or use of the insured yacht, are in addition to the Liability limit, up to a maximum of the Liability limit amount.  Many other policies simply combine any defense costs into a single Liability limit, whereas the ACE Elite Yacht Program in effect provides an additional level of protection.