Recreational Marine
Our Recreational Marine group has the unique experience to provide insurance solutions and services to the boat and yacht owner. Our underwriting, loss control and claims specialists are active in the recreational marine industry and understand the risks facing owners of yachts of any size.
- Premium Yacht Policy (for yachts with values over $2M) – World class coverage including liability for captain and crew, fine arts, Defense costs, and loss of charter hire. Coverage includes concierge services available 24 hours a day / 7 days a week and AD&D benefits with included standard limits
- Standard Yacht Policy (for yachts with values up to $2M) - Broad coverage terms including wide navigational areas, Pollution up to mandated federal requirements, and liability for dock contracts
- Experienced Marine claims support available 24 hours a day, 7 days a week
- Web based online quotes, policies and binders for agents
Global Marine’s claims services network offers clients the best of both worlds. Our policyholders can resolve claims in their own country, language and currency, while the original insured can liaise with regional management to address concerns or requirements. Our claims handlers’ knowledge of international marine insurance law and conventions and local regulations enable us to resolve claims quickly and maximize recoveries, delivering tremendous benefit to our customers.
Comprehensive Recovery Support – Marine recoveries are central to our approach to
claims. Local and regional recovery specialists focus on achieving maximum recovery on
every claim. Such efforts help insureds maintain a favorable loss experience and keep
premiums down.
Report a loss online for processing to a qualified claims representative who will expedite the claim and address all your concerns.
Worldwide Marine Claims Directory
Expert focus is given to helping insureds prevent losses and mitigate those that do occur. We are commited to long-term partnership and client satisfaction.
Services include:
Marine Loss Control Engineering (MLCE) – More than a dozen experienced loss
control professionals spanning throughout the world help policyholders reduce trade
and transportation risks and minimize costly delays. Our comprehensive loss control
services are based on three core principles:
Proactive loss prevention – helping clients avoid losses by analyzing potential
exposures and minimizing them.
Reactive loss control – Helping clients prevent future losses by analyzing
historical loss frequency and severity trends and acting to address
vulnerabilities.
Communication – Maintaining open communication between policyholders
and loss control professionals to enhance loss prevention efforts.
Policyholders can also take advantage of the expertise of our independent surveyors and
loss control experts who specialize in infrastructure projects, cargo, towing, heavy-lift, logistics and warehousing.
Contact our loss control and engineering experts