global yacht cover insurance

Global Yacht Cover is an underwriting facility offering yacht insurance with 100% Great Lakes Insurance SE security.

We insure all types of sailing yachts and motorboats globally, valued up to £10,000,000. Whether you are day sailing in local waters or setting off on an adventure of a lifetime around the world – Global Yacht Cover is the insurer for you. We specialise in short-handed, long distance voyages and if you have sufficient experience, we will consider longer single-handed passages.

Our ability to be flexible is one of our many assets and we provide comprehensive cover that will suit your individual sailing requirements. Our senior underwriter has worked in the insurance industry for over 35 years of which 29 have been spent underwriting yachts. He is also an accomplished yachtsman with 50 years of sailing experience, so understands that each sailor’s needs are individual.

We work together with you to ensure your “pride and joy” is suitably covered.

Yachtsafe Global Bespoke Insurance / Unparalleled service

Yachtsafe Global Overview /

Yachtsafe Global, LLC. Provides Bespoke yacht insurance solutions. We exceed service expectations, outpacing today’s complex marketplace comprehensively protecting you, your family and your valued investment on a Global basis.

Our experience, expertise and commitment to confidentially, partnered with our world leading partners, ensuring optimal protection, where every you may explore.

What Includes Coverages /

• Hull & Machinery
• Protection & Indemnity (inc. pre-delivery)
• Loss of hire
• War & Piracy Risks
• Kidnap & Ransom
• Extended legal Coverage (F D&D)
• Port risks (inc. limited navigation)
• Yacht builders risk
• Charterers liabilities
• Crew medical & crew welfare coverage
• Global Trip Cancellation / Interruption Coverage

50 Plus Years’ Experience Global Partnership /

Yachtsafe’s Bespoke yacht program provides exclusive:

• Global Yacht registration assistance
• Access to European competitive pricing rates
• Multinational Ownership Programs UBO (certain restrictions apply)
• Reduced deductibles
• Insured Hull Values from $5M to $200M+
• P&I coverage from $5M to $500M

Todays Challenges for Clients Specialties /

Owners are experiencing rate increases of 20% – 50% and more. Premiums are still less than say 10 years ago, however we have very limited Capacity now compared to then.

• Older yachts (Depends on carriers)
• First time buyers
• Increased in size of vessels
• Yacht coverage in South Florida or Caribbean
• Absentee owners
• Towing of tenders
• Non-US citizens or clients

We provide solutions to many of the challenges in today’s market, via our “bespoke” programs and out of the box approach.

Meet Us Our Team /

Having been around boats and yachts for more than 40 years, I have always had a strong passion for the water. My career has taken me to seas and oceans around the world. Beginning my career in the UK and English channel, I transitioned to spending several year in the middle east (Abu Dhabi & Dubai), and then to the Mediterranean, all with work within the marine, automotive and aviation businesses.

I spent 5 years with Marsh as the Senior VP leading the Global Yacht division.  I then started the first of my companies, Private Insurance Services.  Private Insurance Services was acquired a few years ago, allowing me to retire from the corporate world in 2021. However I discovered that retirement was not for me – thus, the birth of Yachtsafe Global, LLC based here in Ft. Lauderdale, FL. I’m honored and humbled to say that the response from former clients and industry leaders has been heartwarming.

It would be my pleasure, and that of my outstanding team members, to assist in meeting all of your yacht insurance needs.

Meet Dylan, a seasoned yacht insurance underwriter with a decade of experience in the industry. Dylan specializes in both private pleasure and commercial risks and is dedicated to providing comprehensive coverage solutions to clients with a deep understanding of the unique challenges facing yacht owners and operators. Dylan is known for his expertise in risk assessment and mitigation, providing personalized insurance solutions tailored to each client’s individual needs. Dylan has a proven track record of exceptional service, ensuring clients are protected against potential risks and liabilities, making him a trusted advisor in the yacht insurance market. Contact Dylan today to learn more about his yacht insurance services.

How Can We Help You? Contact Us /

Address: 1524 SE 12th Street, Suite 6 Fort Lauderdale, FL 33315

Phone: 954-955-8339

Email: [email protected]

• +44 (0)20 7398 2600
• Customer Portal

Global Yacht Cover is an underwriting facility offering yacht insurance with 100% Great Lakes Insurance SE security.

Global Yacht Cover is a sub-coverholder of Munich Re Risk Solutions Ireland Limited which is, in turn, a coverholder for Great Lakes Insurance SE. 

We insure all types of sailing yachts and motorboats globally, valued up to £ 10,000,000. Whether you are day sailing in local waters or setting off on an adventure of a lifetime around the world – Global Yacht Cover is the insurer for you. We specialise in short-handed, long distance voyages and with sufficient experience will cover you for extended single-handed passages.

We work together with you to ensure your “pride and joy” is suitably covered. For further information, please visit our website, or click  here for our proposal form.

Key contacts:

Yacht underwriter, alwen hough johnson ltd, products & solutions.

• AHJ Europe AS
• Central Southern & East Europe
• Financial & Professional Lines
• Non Marine International
• North American Treaty
• Global Aquaculture Insurance Consortium
• Global Product Recall
• Global Yacht Cover

Global Boat Insurance

If you’re looking for global boat insurance for your specific sailing plans, then Admiral Marine have the experience and knowledge to put together a bespoke global boat insurance quote  for your exact requirements.

Tailored to your boating needs

With over 30 years of experience within the global boat insurance sector, we can tailor your sailing plans to ensure that you have the best boat insurance coverage for your yacht or boat, whether you’re sailing in the UK,  Europe ,  USA ,  Caribbean  or globally.

We currently insure UK domiciled clients only, with boat insurance coverage to sail anywhere in the world.

As specialists in c ruising boat insurance  and long standing corporate members of the  World Cruising Club , we can also provide exclusive cruising boat insurance for both the  ARC  and the  World ARC  sailing rallies.

With our combined knowledge of ocean crossings, sailing experience and our global contacts within the sailing community, we can provide our clients with the best boat insurance coverage that suits their sailing needs at all times.

We very much pride ourselves on our personal boat insurance service and we provide an in-house claims  service to ensure that any claims are processed fast, efficiently and stress free for our clients.

So, whether you own a  Beneteau ,  Jeanneau ,  Hallberg Rassy ,  Oyster Yacht ,  Hanse Yacht ,  Discovery Yacht  or even a  Rustler Yacht  just to name a few, then make sure that you choose Admiral Marine for your global boat insurance coverage.

If you would like to request a  boat insurance quote , please complete our online quote request form and our experienced and friendly team will get back to you. Alternatively, if you would like to call or email us please  contact Admiral Marine .

Yacht & boat insurance

Find out more.

Boat builders

Need to renew your insurance policy?

Want to make a claim on your policy?

Frequently asked questions.

Our standard policy allows you to take part in any race or regatta, but does not cover for the rig unless it is damaged by collision, stranding, sinking or fire. The hull is covered, but with double excess during racing.

Your claim will be assessed on the basis of the ‘agreed value’ – the insured value stated on your policy schedule at that given time and in accordance with the terms of your policy.

Contact us  as soon as possible to inform us of any changes. We’re happy to accommodate changes at any time during your year, whether that be changing contact details or an aspect of your policy.

We don’t offer no claims bonus on any policy where the insured value exceeds £200,000 and/or where the boat is spending the majority of the policy period outside the boundary of UK and European waters.

Because we’re committed to offering the best personal service and tailored terms, we don’t believe in automatic renewals. Instead, we’ll offer you a renewal quote about a month before your policy is due to expire, and ask you whether there have been any changes to your requirements.

Latest Insights

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How Much Does a Yacht Cost? The Average Prices and Costs of Yachts

The Best Marinas in the UK: The Complete Guide

Drinking and Boating: Why You Shouldn’t Do It

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For information on how we handle your data, please read our Privacy Notice.

What Our Clients Think

"handled with ease".

“An unusual set of circumstances due to distance and awaiting a survey report were dealt with without any problems at all. A smooth change of vessel handled with professional ease and helpfulness. I have used Admiral Insurance for a good while, including several long distance voyages including a circumnavigation which all were handled with ease.” Mr Emery - Customer

“Great service, good value marine insurance”

“Cristelle helped me to insure our new (to us) 44 year old boat, a SHE 36'. An old boat always has a few wrinkles and Cristelle made the process easy and straightforward. This is the second boat we have insured with Admiral Marine and I wouldn't go anywhere else. You get good value for money and an excellent, personal service. What more could you want from marine insurance?” Mrs Ginny Kidd - Customer

“Admiral Marine made it easy”

“Admiral Marine made it easy for me to insure my boat. All correspondence was via email so no waiting in long phone queues, and all communication was very prompt. Would certainly recommend Admiral Marine.” M Smith - Customer

Admiral Marine is a trading name of Admiral Marine Limited which is authorised and regulated by the Financial Conduct Authority (FRN 306002) for general insurance business. Registered in England and Wales Company No. 02666794 at Beacon Tower, Colston Street, Bristol BS1 4XE. 

If you wish to register a complaint, please contact the Compliance and Training Manager on  [email protected] .  If you are unsatisfied with how your complaint has been dealt with, you may be able to refer your complaint to the Financial Ombudsman Service (FOS).  The FOS website is  www.financial-ombudsman.org.uk

Boatbuilders

Useful links, yachts & boats we insure.

+44 (0)1722 416106 | [email protected] | Blakey Road, Salisbury, SP1 2LP, United Kingdom

Part of the Hayes Parsons Group

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• Company Profile
• Testimonials
• Additional Coverages
• Broker Enquiries
• Latest News

Superyacht Insurance Brokers was born from a long & successful career providing top quality yacht insurance coverages along with exclusive concierge super yacht insurance services to high value international luxury yachts cruising all over the world.

Combining our extensive yacht insurance management experience with a lifetime of worldwide sailing and yachting, along with our very broad access to yacht insurance underwriting experts at Lloyd’s of London and other global yacht insurance underwriters – we naturally become the best choice for discerning luxury superyacht owners, managers and captains for their super yacht and mega yacht insurance needs.

• Hull and Machinery Coverage – All Risk up to $500M
• Protection & Indemnity Liability Insurance – up to $1Bn
• Crew Medical and Personal Accident Coverage
• Personal Effects, Contents & Cargo Coverage
• Fine Art and Special Valuables Insurance
• Broad High Limit Cash Coverage
• Loss of Hire (Charter)
• Kidnap and Ransom Insurance
• Cyber Crime Coverage
• Professional Liability Insurance
• Mortgagees’ Interest Coverage
• Worldwide Navigation

• Tenders, Personal Watercraft and most “Toys” are generally included in underlying Hull & Machinery and Liability Cover
• Submersible Watercraft & Scuba Coverage
• Ultralight Aircraft and Flying Machines Coverage
• Aviation Hull and Liability Coverage (Helicopter & Jet)
• Aircraft Crew Medical and Personal Accident Coverage
• War Risks Coverage
• Yacht and Ship Builders Insurance
• Marine Trades and Shipyard Coverage

Whether you refer to them as luxury yachts, super yachts or mega yachts, they are rarely considered just an asset by their ultra high net worth owners. They are often the owner’s pride and joy, providing a simply fantastic lifestyle for family and friends – as well as an escape for their owners from the very busy lives that the world’s most successful people have.

Risk management, claim management and peace of mind are at the centre of why having the best super yacht insurance coverage and most knowledgeable yacht insurance broker working for you is essential. We provide very experienced discrete and personalised concierge service for all aspects of our luxury yacht insurance services. And should there ever be a need, we will be at your side throughout the claim process guiding and advising, as well as being your best advocate with underwriters for quick and fair claim settlement.

Over the years Bob Raymond has travelled to the yacht in various parts of the world to offer his service and friendship. He has proven to be incredibly knowledgeable, dedicated and attentive to our every need throughout, always providing quick top-level service that superyacht owners, captains and yacht managers need and expect.

CPT. DAVID HOEY,

M/Y Strangelove

Bob Raymond’s extensive global sailing and solo offshore passagemaking experience has proven to amplify and sharpen his skills & abilities when sourcing and placing insurance coverage for yachts. He knows yachts, he knows sailing, and he knows mariners. His in-depth understanding and experience allows him to strongly convey the best points of yachts, their owners and their captains to underwriters far better than most yacht insurance brokers.

CPT. Gerard Lay,

MSY Shaitan of Corsica

(Retail or Wholesale)

• Broad Market Access to Lloyd’s of London International Marine Underwriters
• Broad Market Access to Non-Lloyd’s International Marine Underwriters
• Global Reach to over 200 Countries
• Single Risk Large Yacht Accounts
• Single Risk Marine Trades and Shipbuilding Operations
• Retail & Wholesale Brokers – Yacht & Marine Insurance Portfolio Placement into the London Markets
• Lloyd’s Coverholder Underwriting & Binding Facilities for Retail and Wholesale Brokerages

Monaco Business Trip for Super Yacht Insurance

01 / 02 / 18

Superyacht Insurance Brokers are off to Monaco again for a packed week of meetings with superyacht insurance clients, friends and ultra high net worth business associates - old and new. We…

Superyacht Investor – Ultra High Net Worth Winter Soirée

07 / 12 / 17

What a wonderful Yacht Investor evening it was at the Home of the BAFTAs in London last Thursday. Thank you Xavier Calloc’h and your team at Investor Media for inviting Superyacht…

Superyacht Insurance Brokers with Yachtzoo at the Fort Lauderdale International Boat Show

02 / 11 / 17

What a great day at the Fort Lauderdale International Boat Show #FLIBS with our luxury yacht brokerage friends from YachtZoo. We met Neal Bateman onboard superyacht Plan A - a beautiful 40 meter 2007…

Office: +44 (0)20 3053 8612 [email protected]

32 Threadneedle Street London, United Kingdom EC2R 8AY

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DISCLAIMER: All insurance policies are unique and specific in their coverage limits, terms and conditions. None of the descriptions of coverage in this website effect your specific policy terms in any way.

Superyacht Insurance Brokers Ltd is Regulated and Authorised by the Financial Conduct Authority – FRN 844548

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SUPERYACHT INSURANCE & CREW MEDICAL INSURANCE

Ocean is your home, we got you covered.

YOUR MEGA YACHT INSURANCE & MARINE CREW HEALTH INSURANCE SPECIALIST WORLDWIDE LOCATED IN FORT LAUDERDALE, FLORIDA

SUPERYACHT INSURANCE

Hull & Liability Insurance Coverage for Mega & Superyachts worldwide.

CREW MEDICAL INSURANCE

International Crew Health Insurance Coverages for Groups and Individuals.

COVID TRAVEL MEDICAL

International Insurance Medical Plan. Short Term Policy. Proof of Coverage Letters.

INSURANCE PLANS

Most popular.

GeoBlue Navigator Plan

GeoBlue Navigator Health Plan. Worldwide medical coverage designed for maritime crews and employers. The policy uses the Blue Cross/Blue Shield PPO network, available in ALL 50 states and the coverage extends WORLDWIDE.

IMG Global Crew Medical Insurance

A long-term (1+ year), annually renewable, comprehensive worldwide medical insurance program for professional marine captains and crew.

Visa Requirement & Agreement

Temporary b1/b2 visa for yacht crew.

If you are a non-U.S. resident and you are working on a yacht that navigates the United States waters, you need to have a B1/B2 visa.

Yacht Crew Traveling in Europe

Schengen agreement.

If you are planning to visit or travel through European countries, you should be familiar with the requirements of the Schengen Agreement. The Schengen Agreement is a treaty creating Europe's Schengen Area, which encompasses 27 European countries, where internal border checks have largely been abolished for short-term tourism, business trips, or transit to non-Schengen destinations.

The European Union has postponed the ETIAS 'e-visa' until November 2023

Travel More & Worry Less

TRAVEL INSURANCE COVERAGE

Short-Term and Long-Term!

Marine Crew Insurance Sales & Recognition

YACHT INSURANCE EXPERTS

WHY SUPERYACHT INSURANCE GROUP?

One-stop shop.

SYIG is a full-service broker, offering Crew Medical, Life Insurance, Travel Insurance, Disability Income and Yacht Insurance.

SYIG has been catering to the Marine Industry since 2002. Yacht Captain Steve Rodda, with more than 30 years’ experience running ships and luxury yachts, acts as a consultant.

Personalized Sevice

SYIG’s VIP Client Service is our competitive advantage. We focus on building trusting and personal relationships with you and offer objective advise and dependable customer service.

Get in touch

333 Las Olas Way, CU1, Ft Lauderdale, FL 33301

O : (+1) 954-323-6733

T: (866)-635-1445

MONDAY-FRIDAY: 09:00 – 19:00

SATURDAY-SUNDAY: 10:00 – 14:00

SUPERYACHT INSURANCE GROUP more on Facebook

Location, location, location.

SYIG IS SERVING THE GLOBE! LOCATIONS INCLUDING THE FOLLOWING (but are not limited to): Fort Lauderdale, Miami, Palm Beach, Palma, Barcelona, Antibes, Montecarlo, Italy, St Maarten, Bahamas, Australia.

COVERAGE FOR CREW OF ANY NATIONALITY. Including, but not limited to: South Africans, Australians, US, Canadians, UK, Spanish, Italians, French, Danish, Swedish etc.

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Yacht insurance

The marine insurance leader for over 45 years.

Find a Markel marine agent and get a free, no-obligation quote today.

If you love your yacht, you’ll love our insurance.

We’ve been the yacht insurance leader for over 45 years because we provide coverages that fit your yacht and your lifestyle. Markel yacht insurance can offer distinct advantages in coverage features, options, knowledge and experience.

Why do you need yacht insurance?

Whether you own a yacht or a houseboat, we understand it’s not a typical boat and shouldn’t be covered by a typical boat insurance policy. That’s where we come in—each Markel yacht insurance policy can be customized to fit your yacht, your needs, your budget and your style.

Still not sure?

Here’s a few of the potential advantages to insuring your yacht with us:.

More complete coverage than any other carrier at no additional cost.

Experienced yacht underwriters and marine claims specialists who provide prompt, responsive service.

Discounts and cost-effective coverage options to save you money.

Flexible payment options.

Save money by customizing your yacht insurance

Actual cash value coverage (ACV) Reduce your coverage to ACV, which factors in depreciation of your yacht should you have to file a claim.

Lay-up option We’ll discount your yacht insurance premium during the winter months when your yacht is not in use.

Higher deductibles If you can manage minor repairs to your boat on your own, selecting a higher deductible will reduce your premium.

Windstorm exclusion Live in an area that isn’t at risk for a hurricane? You may consider removing windstorm coverage from your policy.

Liability only Coverage in case you damage another yacht and/or person (doesn’t require a survey—even for older boats).

What we offer

We offer coverage for a variety of watercrafts over 26 feet in length, including:.

• Sport fishing boat

Our coverages can include:

• Coverage for your yacht
• Coverage for you
• Optional coverages

Hull and equipment insurance protection including:

• Protect and recover can cover reasonable costs incurred when trying to protect your yacht from further damage after an accident
• Consequential damage for non-wood yachts–normal wear and tear and deterioration is not typically covered under a yacht insurance policy. However, if your yacht suffers damage from fire, explosion, sinking or collision because of one of these conditions, you may be protected
• Ice and freezing damage coverage if you contracted with a commercial marina or repair facility
• Agreed value for total loss
• Deductible waived on most total losses
• No depreciation on most partial losses
• Automatic tender coverage

Windstorm extra expense If there is a named storm, watch or warning, we will share the expense with you to help protect your yacht before the storm makes landfall.

Personal effects coverage For all the “extras” you physically bring onto your yacht. (i.e., smart phone, camera, etc.)

Emergency towing and assistance Coverage for towing expenses if your yacht happens to get stuck in or out of the water, including the delivery of gas, oil and parts.

Rental reimbursement coverage Coverage for when your yacht is being repaired from a covered loss.

Uninsured boater Unfortunately, not all boaters on the water have insurance. This coverage helps protect you and your family members if you are injured in an accident caused by an uninsured boater. Coverage is automatically included if watercraft liability is purchased.

Pollution liability Pollution coverage helps protects you if you are held legally liable due to an oil pollution leak or spill.

Medical payments Coverage for injuries suffered during an accident on your yacht.

Paid crew (Jones Act) Protection for you if you are legally responsible for injuries to a paid captain or crew member while on your yacht.

Protection and indemnity Coverage in the event that you are responsible for injuries to another person, or damage to their boat or property. Wreck removal is included with purchase of hull coverage.

• Boat trailer coverage
• Boat lift and boat house coverage
• Fishing tournament reimbursement for fishing boats
• Fishing equipment protection
• Transit and storage coverage
• Trip coverage
• Trip interruption reimbursement
• Personal liability coverage if you live aboard your yacht

Frequently asked questions about yacht insurance

General questions.

How much coverage do I need? Each boat, person, location and situation is different. There isn't a good way to give a "ballpark" figure for how much coverage you need. It’s best to evaluate your comfortable level of risk when protecting your boat, assets and passengers. Your best option is to call our boat specialists at +1.800.236.2453 to discuss the best coverage for you.

Can I insure my yacht for liability only? Yes, we offer protection and indemnity (liability only) coverage to help protect you in case you are responsible for injuries to another person or damage to another boat or property. Many carriers do not offer liability-only policies for yachts, or if they do, require a survey. However, Markel’s protection and indemnity coverage does not require a survey, so you’re able to do what you love without worries out on the water.

Will my policy cover normal wear and tear of my yacht? Most insurance policies will not cover normal wear and tear of your yacht and the deterioration or the resulting damage. However, if your yacht is damaged from fire, explosion, sinking, collision or stranding, you may be protected under our consequential damage coverage.

Can I use my yacht for chartering? We know that sometimes yacht owners charter their yacht for sightseeing tours or even sport fishing to help offset some of the costs of owning a yacht. Markel offers an optional limited charter coverage for these situations provided the captain of the watercraft has a minimum of 2 years loss-free experience of yachting. Additional restrictions may apply.

I live on my yacht. Am I covered? Markel provides live aboard coverage. Be sure to disclose that you live aboard to your agent.

My yacht is in a corporation's name. Can I still insure it with Markel? Our yacht insurance policy can cover corporately titled boats for both personal use and client entertainment. We do require all corporately titled boats designate a designee of the watercraft. Contact your agent to learn more.

Do I need to insure my yacht in the winter? It may seem that since you don't use your yacht in the winter you don't need to insure it. This is a risky way of looking at insurance and one that we have seen cost far too many people far too much money. Your yacht is at risk for damages at all times of the year, not only when it's on the water. For example, if your yacht is placed in storage for the winter and is damaged, you will not have any assistance in paying for those repairs without an active insurance policy.

Do you cover unique boats? We offer coverage for various kinds of boats that other insurers may shy away from, including: high performance boats, airboats, hovercraft, etc. Not sure if your watercraft will be covered? Give us a call at +1.800.236.2453 to speak with one of our marine insurance specialists.

What kind of fishing equipment is covered? Your rods, reels and tackle are automatically covered under your personal effects coverage up to the limit purchased. If that coverage isn't sufficient, our fishing equipment coverage provides insurance protection at replacement cost. Please contact one of our marine insurance specialists at +1.800.236.2453 to find out more.

Claims questions

How do I file a claim? We understand that no one wants to file a claim. That's why we do everything we can to make the process as painless as possible. You can report your yacht insurance claim by calling our office at +1.800.236.2453 or submit your claim online and we'll take it from there.

How long will it take for my claim to be processed? We are committed to investigating, evaluating and resolving marine insurance claims in a timely manner.

Is there anything I can do to help speed up the claim process? Yes, you can help streamline the claims and settlement process and avoid delays by providing the following information when you file your claim:

• Policy number
• Date, time and location of loss or damage
• Description of loss or damage
• Digital photos (if possible)
• Phone number to reach you

Additional resources

Related articles.

From boat safety tips to breaking down yacht insurance, find the information, advice, and resources you’ll need all in one place.

Warrior Sailing

Markel is a proud supporter of Warrior Sailing, an organization dedicated to healing and strengthening the lives of veterans through sailing. Visit warriorsailing.org to learn about Warrior Sailing and how you can donate to the program so they can continue to help the lives of wounded veterans.

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High performance boat

Insure your high performance watercraft with a high performing policy for all your specific needs.

Personal watercraft

Fit your budget and boating style with affordable and customizable coverage for your personal watercraft.

Yacht Insurance by GYW.  Our international Super/Mega-Yacht insurance team is a dedicated group of specialists, equipped to help owners/corporations navigate their way through the multitude of customized insurance solutions available to cover the exposures linked to the operation of their Super/Mega-Yacht.  We understand that arranging insurance for your Super-Mega Yacht demands levels of discretion and expertise, which are fundamental to our personalized service. 

Our practical experience will guide you through the entire process of insurance and we are fully trained to respond to the more complex insurance needs of Super/Mega-Yacht owners, managers and captains.

We offer tailored risk advice and global, innovative insurance solutions. We have access to US, Lloyd’s and European insurance markets so we are uniquely positioned to offer exclusive, competitive yet fully comprehensive Super/Mega-Yacht insurance products to our discerning clients.

As well as market leading Super/Mega-Yacht coverage, we can offer dedicated personal accident coverage (including emergency medical expenses and search and rescue) providing peace of mind for both the owner and crew. If you plan to employ crew, you can also call upon our dedicated crew products, tailored to cover your liabilities as an employer and the crew’s accident and medical risks.

GYW’s Insurance Product Offerings Include:

• Hull & Machinery
• Kidnap & Ransom (K&R)
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Global Marine Insurance Agency

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National brokerage firm specializing in providing insurance solutions to the boating community including boats, yachts, mega yachts, personal watercraft, marinas, boat dealers and commercial marine vessels.

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With a reputation for careful underwriting of each risk, Global Marine has the ability to place cost effective and comprehensive coverage for your client’s watercraft and yacht needs. In addition to marine related expertise, GMIA also has placement solutions for your client’s RV/Motorcoach risks that fall outside of the standard market.

Global Marine offers extensive boat insurance across all 50 states, keeping boaters afloat from the Pacific to the Atlantic, and all the lakes in between. Being boaters ourselves, we understand the value in spending a day aboard your vessel free from worry.

At Global Marine Insurance Agency, we take pride in our customer service and are ready to help you. We value every agent and client that selects us for their boat and yacht insurance needs, that’s why we don’t offer “one size fits all” policies. Our team of underwriters will take the time to speak with you to understand your specific needs based on geographic location, equipment, and time of year among other factors for the best coverage combination.

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Whether you own a mega yacht or a small bass boat, insurance coverage from Global Marine keeps your watercraft protected. Our marine insurance experts will work with you to find the best policy for the best price.

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How to Sell Yacht Insurance Amidst a Rising Tide

The market for yacht insurance has hardened in recent years, due to the frequency and severity of catastrophic (CAT) claims. Widespread losses incurred along the West Coast of Florida and the Atlantic Coast from Hurricane Ian in 2022, for example, resulted in more than $112 billion in damages. Because of catastrophes such as Ian, many watercraft insurance carriers – both admitted and non-admitted – have pulled out of the market in coastal areas.

For carriers that continue to provide coverage in hurricane-prone states, premium costs have doubled or tripled. The increased coverage costs and the difficulty in securing boat coverage has deterred some from purchasing them – but not all. Brokers today are challenged with securing coverage for their high-net-worth clients even in high-risk areas.

In this market segment, there are three tiers of coverage for high-end boats, based on cost and size of the boat:

• Top tier boats have values of $2 million or greater, are at least 65-feet long or larger and must have a full-time captain.
• Middle tier boats are valued between $350,000 and $2 million and are between 35-feet and 65-feet long and the owner-operator is typically the full-time captain.
• First tier boats cost up to $350,000 and are 15-feet to 35-feet long.

Incidentally, middle tier boats are the most difficult to secure coverage for, due to the number of high claims filed and the types of boats covered within this tier. Premiums can run comparatively higher than other tiers as a result.

What can brokers do to help their insureds?

Much of your focus when searching for yacht coverage for clients should begin with a discussion on the age of the craft. Advise your clients that older boats – especially those 10 years and older – are more costly to cover and are harder to insure.

Here are six tips to help guide brokers as they advise boat-owning clients on how to mitigate risk and secure coverage.

• Don’t jump ship.

Sometimes the purchase of a larger or more expensive boat can make obtaining coverage difficult. If a client considers upgrading from a 25-foot craft to a 40-foot one, for example, it’s prudent for you to let them know that they will need a captain’s sign off and premium costs will increase. That is, if the carrier accepts the risk in the first place.

• Be proactive about obtaining insurance.

Advise clients to start looking for insurance the day they begin shopping for a boat. Other than first-tier purchases, same day quote-and-bind processes are a thing of the past. Securing coverage for middle- and top-tier crafts can now take up to a week.

In addition, inform boat owners that many insurers require them to hire a captain for 50 hours of training if piloting a craft larger than 10 feet to 12 feet in size, or depending on the size of the boat, they may have to hire a full-time captain to place coverage.

• Have a hurricane plan in place.

Most carriers require boat owners have a plan should a hurricane occur. Advise owners they may have to move their boats inland or to a facility that’s rated to withstand hurricanes. If domiciled in a hurricane-prone state, owners may have to store their boats in a CAT-4 or CAT-5 rated facility when not in use.

• Don’t be an absentee owner.

Advise clients about the perils associated with absentee ownership. Clients who live in a state other than where the boat is stored are considered absentee owners. In the current market, this significantly limits the number of carriers that will actually extend coverage to out-of-state boat owners.

• Stay mindful of wind coverages and exclusions.

In the past year or so, carriers have begun to exclude some wind coverage; an exclusion that applies to named hurricanes or tropical storms. In the case of routine storms, wind coverage does apply. Marine coverage is not needed for those without bank loans. However, financing boat purchases will require owners to carry wind coverage and proof of such protection before closing.

• Maintenance matters more than ever.

Inform clients that regular maintenance is imperative for reducing risk and should be considered a part of their insurance strategy. Scheduled oil changes are vital but inboard motors require a closer inspection of parts such as impellers. A worn impeller can cause overheating and a failure to follow scheduled maintenance requirements can result in a denied claim. Along similar lines, fire and safety equipment should be evaluated to ensure those systems are in proper working order.

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Written By Josh Giordano

Giordano is a yacht insurance specialist and advisor for HUB Private Client.

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St. Patrick's Day 2024 parades livestream: Watch celebrations around the US

Thousands of people, both Irish and non-Irish alike, will celebrate Irish heritage by attending one of the many parades around the U.S. this weekend in honor of St. Patrick's Day .

USA TODAY is providing live coverage Saturday morning of celebrations in multiple cities for St. Patrick's Day, including in New York City, Chicago and Savannah, Georgia. You can watch parade coverage at the embedded video at the top of the page or on USA TODAY's YouTube channel .

For many Americans, St. Patrick's Day is more than just a day of religious observance for the patron saint of Ireland , although that's the reason why celebrations began. In the U.S., the holiday (which is not recognized federally) is also a chance for everyone to celebrate Irish culture and heritage.

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Elektrostal , Moscow Oblast, Russia

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40 facts about elektrostal.

Written by Lanette Mayes

Modified & Updated: 02 Mar 2024

Reviewed by Jessica Corbett

Elektrostal is a vibrant city located in the Moscow Oblast region of Russia. With a rich history, stunning architecture, and a thriving community, Elektrostal is a city that has much to offer. Whether you are a history buff, nature enthusiast, or simply curious about different cultures, Elektrostal is sure to captivate you.

This article will provide you with 40 fascinating facts about Elektrostal, giving you a better understanding of why this city is worth exploring. From its origins as an industrial hub to its modern-day charm, we will delve into the various aspects that make Elektrostal a unique and must-visit destination.

So, join us as we uncover the hidden treasures of Elektrostal and discover what makes this city a true gem in the heart of Russia.

Key Takeaways:

• Elektrostal, known as the “Motor City of Russia,” is a vibrant and growing city with a rich industrial history, offering diverse cultural experiences and a strong commitment to environmental sustainability.
• With its convenient location near Moscow, Elektrostal provides a picturesque landscape, vibrant nightlife, and a range of recreational activities, making it an ideal destination for residents and visitors alike.

Known as the “Motor City of Russia.”

Elektrostal, a city located in the Moscow Oblast region of Russia, earned the nickname “Motor City” due to its significant involvement in the automotive industry.

Home to the Elektrostal Metallurgical Plant.

Elektrostal is renowned for its metallurgical plant, which has been producing high-quality steel and alloys since its establishment in 1916.

Boasts a rich industrial heritage.

Elektrostal has a long history of industrial development, contributing to the growth and progress of the region.

Founded in 1916.

The city of Elektrostal was founded in 1916 as a result of the construction of the Elektrostal Metallurgical Plant.

Located approximately 50 kilometers east of Moscow.

Elektrostal is situated in close proximity to the Russian capital, making it easily accessible for both residents and visitors.

Known for its vibrant cultural scene.

Elektrostal is home to several cultural institutions, including museums, theaters, and art galleries that showcase the city’s rich artistic heritage.

A popular destination for nature lovers.

Surrounded by picturesque landscapes and forests, Elektrostal offers ample opportunities for outdoor activities such as hiking, camping, and birdwatching.

Hosts the annual Elektrostal City Day celebrations.

Every year, Elektrostal organizes festive events and activities to celebrate its founding, bringing together residents and visitors in a spirit of unity and joy.

Has a population of approximately 160,000 people.

Elektrostal is home to a diverse and vibrant community of around 160,000 residents, contributing to its dynamic atmosphere.

Boasts excellent education facilities.

The city is known for its well-established educational institutions, providing quality education to students of all ages.

A center for scientific research and innovation.

Elektrostal serves as an important hub for scientific research, particularly in the fields of metallurgy, materials science, and engineering.

Surrounded by picturesque lakes.

The city is blessed with numerous beautiful lakes, offering scenic views and recreational opportunities for locals and visitors alike.

Well-connected transportation system.

Elektrostal benefits from an efficient transportation network, including highways, railways, and public transportation options, ensuring convenient travel within and beyond the city.

Famous for its traditional Russian cuisine.

Food enthusiasts can indulge in authentic Russian dishes at numerous restaurants and cafes scattered throughout Elektrostal.

Home to notable architectural landmarks.

Elektrostal boasts impressive architecture, including the Church of the Transfiguration of the Lord and the Elektrostal Palace of Culture.

Offers a wide range of recreational facilities.

Residents and visitors can enjoy various recreational activities, such as sports complexes, swimming pools, and fitness centers, enhancing the overall quality of life.

Provides a high standard of healthcare.

Elektrostal is equipped with modern medical facilities, ensuring residents have access to quality healthcare services.

Home to the Elektrostal History Museum.

The Elektrostal History Museum showcases the city’s fascinating past through exhibitions and displays.

A hub for sports enthusiasts.

Elektrostal is passionate about sports, with numerous stadiums, arenas, and sports clubs offering opportunities for athletes and spectators.

Celebrates diverse cultural festivals.

Throughout the year, Elektrostal hosts a variety of cultural festivals, celebrating different ethnicities, traditions, and art forms.

Electric power played a significant role in its early development.

Elektrostal owes its name and initial growth to the establishment of electric power stations and the utilization of electricity in the industrial sector.

Boasts a thriving economy.

The city’s strong industrial base, coupled with its strategic location near Moscow, has contributed to Elektrostal’s prosperous economic status.

Houses the Elektrostal Drama Theater.

The Elektrostal Drama Theater is a cultural centerpiece, attracting theater enthusiasts from far and wide.

Popular destination for winter sports.

Elektrostal’s proximity to ski resorts and winter sport facilities makes it a favorite destination for skiing, snowboarding, and other winter activities.

Promotes environmental sustainability.

Elektrostal prioritizes environmental protection and sustainability, implementing initiatives to reduce pollution and preserve natural resources.

Home to renowned educational institutions.

Elektrostal is known for its prestigious schools and universities, offering a wide range of academic programs to students.

Committed to cultural preservation.

The city values its cultural heritage and takes active steps to preserve and promote traditional customs, crafts, and arts.

Hosts an annual International Film Festival.

The Elektrostal International Film Festival attracts filmmakers and cinema enthusiasts from around the world, showcasing a diverse range of films.

Encourages entrepreneurship and innovation.

Elektrostal supports aspiring entrepreneurs and fosters a culture of innovation, providing opportunities for startups and business development.

Offers a range of housing options.

Elektrostal provides diverse housing options, including apartments, houses, and residential complexes, catering to different lifestyles and budgets.

Home to notable sports teams.

Elektrostal is proud of its sports legacy, with several successful sports teams competing at regional and national levels.

Boasts a vibrant nightlife scene.

Residents and visitors can enjoy a lively nightlife in Elektrostal, with numerous bars, clubs, and entertainment venues.

Promotes cultural exchange and international relations.

Elektrostal actively engages in international partnerships, cultural exchanges, and diplomatic collaborations to foster global connections.

Surrounded by beautiful nature reserves.

Nearby nature reserves, such as the Barybino Forest and Luchinskoye Lake, offer opportunities for nature enthusiasts to explore and appreciate the region’s biodiversity.

Commemorates historical events.

The city pays tribute to significant historical events through memorials, monuments, and exhibitions, ensuring the preservation of collective memory.

Promotes sports and youth development.

Elektrostal invests in sports infrastructure and programs to encourage youth participation, health, and physical fitness.

Hosts annual cultural and artistic festivals.

Throughout the year, Elektrostal celebrates its cultural diversity through festivals dedicated to music, dance, art, and theater.

Provides a picturesque landscape for photography enthusiasts.

The city’s scenic beauty, architectural landmarks, and natural surroundings make it a paradise for photographers.

Connects to Moscow via a direct train line.

The convenient train connection between Elektrostal and Moscow makes commuting between the two cities effortless.

A city with a bright future.

Elektrostal continues to grow and develop, aiming to become a model city in terms of infrastructure, sustainability, and quality of life for its residents.

In conclusion, Elektrostal is a fascinating city with a rich history and a vibrant present. From its origins as a center of steel production to its modern-day status as a hub for education and industry, Elektrostal has plenty to offer both residents and visitors. With its beautiful parks, cultural attractions, and proximity to Moscow, there is no shortage of things to see and do in this dynamic city. Whether you’re interested in exploring its historical landmarks, enjoying outdoor activities, or immersing yourself in the local culture, Elektrostal has something for everyone. So, next time you find yourself in the Moscow region, don’t miss the opportunity to discover the hidden gems of Elektrostal.

Q: What is the population of Elektrostal?

A: As of the latest data, the population of Elektrostal is approximately XXXX.

Q: How far is Elektrostal from Moscow?

A: Elektrostal is located approximately XX kilometers away from Moscow.

Q: Are there any famous landmarks in Elektrostal?

A: Yes, Elektrostal is home to several notable landmarks, including XXXX and XXXX.

Q: What industries are prominent in Elektrostal?

A: Elektrostal is known for its steel production industry and is also a center for engineering and manufacturing.

Q: Are there any universities or educational institutions in Elektrostal?

A: Yes, Elektrostal is home to XXXX University and several other educational institutions.

Q: What are some popular outdoor activities in Elektrostal?

A: Elektrostal offers several outdoor activities, such as hiking, cycling, and picnicking in its beautiful parks.

Q: Is Elektrostal well-connected in terms of transportation?

A: Yes, Elektrostal has good transportation links, including trains and buses, making it easily accessible from nearby cities.

Q: Are there any annual events or festivals in Elektrostal?

A: Yes, Elektrostal hosts various events and festivals throughout the year, including XXXX and XXXX.

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