Boat,Yacht, Sail Boat & High-Performance Watercraft Insurance

Yacht Insurance


Cormarc Insurance Services can help make your time on the water relaxed and worry-free! We will find you comprehensive protection that protects you, your friends and family, your watercraft and your boating equipment. You’ll enjoy being on the water even more when you aren’t worried about your safety, the safety of your passengers, or your investment.

Like any major investment, Boats, Yachts and High-Speed Vessels need the right insurance coverage.

Cormarc Insurance Services team has markets for several different types of vessels that specialize in marine coverage to help meet individual needs. So, whether you have a: Boat, Yacht or you like to live fast with a High-Performance Boat you can get on the water with confidence.

Marine Insurance covers a wide berth of watercraft. You may be surprised to find what can be insured. Marine insurance policies include:

  • Runabout-Classic Policy available.
  • PWC / Jetski.
  • Pontoon.
  • Trawler.
  • Bass Boat.
    Professional (Pro-Angler, Fishing Guides & Charters) – These policies are very customizable and can cover items like travel to a tournament, equipment and more.
  • Yacht – Generally, vessels 26′ and smaller are called “boats,” and “yachts” are 27′ and larger. Yacht coverage tends to be broader and more specialized because larger boats travel farther and have more unique exposures.
  • Sailboat.
  • Dinghy, Trolling Motors.


Whether you own a smaller boat, cruiser, sport-fish, motor yacht, or a mega yacht, you deserve to receive personal service and insurance coverage that is tailored around the way you use your vessel. Specialized policy coverages for yachts are offered or even packaged differently depending on the carrier that coverage can include but are not limited to:

      • Wreck Removal.
      • Hurricane Haul Out.
      • Pollution Spill.
      • Broader Liability Limits.
      • Jones Act (Crew Coverage).
      • Lower Deductibles for Personal Effects.
      • Lower Deductibles for Electronics.
      • Automatic Tender Coverage.
      • Occasional Charter Usage.
      • Custom Navigational Territories.

High-Performance – Speeds up to 130 mph and length of 27’ and up.
At high speeds, there is no room for error. You shouldn’t expect any less from your high-performance boat insurance agent. Our Agency works with several AM Best-“A” rated High Performance Boat Insurers within the United States. We are able to offer high- performance boat insurance with the most comprehensive protection on the water and cover a wide range of Cat and Vee hulls, with speeds all the way up to 130 mph.

Coverage for your boat.

      • Watercraft and equipment protection, which includes:
        • Protect and recover – pays reasonable costs incurred when trying to protect your high-performance boat from further damage
        • Agreed value for total loss – locks in the value of your boat in case of a covered loss
        • Replacement cost coverage on partial losses for newer boats – meaning depreciation will not be factored into the cost of repairs, keeping your hard- earned dollars in your pocket.
      • Personal effects coverage – protection for all of the personal items you bring on board (such as a cell phone or camera)
      • Emergency towing and assistance – if you happen to break down, Markel will provide coverage for the expenses you incur to tow your boat to the boat repair shop.
      • Extra windstorm expense – helps with costs you incur to protect your boat from an approaching named storm

Coverage for you.

  • Medical payments – helps pay for injuries suffered by you or any passengers during a boating accident
  • Boat liability – damage to another person, their watercraft or their property that you are responsible for
  • Uninsured watercraft – unfortunately all boaters on the water do not have insurance. This coverage helps protect you and your family members if you are injured in an accident caused by an uninsured or underinsured boater.
  • Pollution liability – fuel lines and tanks can be hard to see and can deteriorate over time. Pollution coverage helps protects you if you are held legally liable due to an oil pollution leak or spill

Additional optional coverages available to help increase your level of protection:

  • Boat trailer coverage.
  • Boat lift and boat house coverage.
  • Trip interruption reimbursement.

Do you have an exposed Engine? No Problem!

Exposed engines are a liability for passenger equipped vessels. We have do have the markets. There are stipulations for each type of vessel that include: Age, Liability requested, and where the seating of the vessel is located in proximity to the Engine(s).

Marine Insurance Cost Factors.
Many factors are used to set the cost of a policy, and they vary among insurers. Here are some items to consider:

  • Lay-up option – we’ll discount your high-performance insurance during the winter months when your boat is not in use.
  • Actual cash value Coverage (ACV) – reduce your coverage to ACV, which factors in depreciation of your high performance should you have to file a claim.
  • Safety equipment discount.
  • Mature operator discount.
  • Boating safety school discount.

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