Summer's Calling! Do You Need Boat Insurance?

April 9, 2024


The Normandy Team
Summer's Calling! Do You Need Boat Insurance?

The sun is shining, the waves are calling, and it's time to set sail into the summer season! Whether you're a seasoned sailor or a first-time boat owner, ensuring you have the right insurance coverage is crucial to preparing for your maritime adventures. Hull and P&I coverage for yachts offers comprehensive protection for your watercraft, providing peace of mind so you can focus on enjoying your time on the water. Let's explore why insurance is essential for boats and what the Hull and P&I coverage can offer.

Normandy Insurance Company is committed to providing coverage for top-notch yacht and boat owners. Our extensive knowledge, personalized approach, and strong relationships with A.M. Best-rated carriers ensure our clients receive the best protection for their valuable assets on the water. Trust us for reliable, comprehensive, and tailored insurance solutions that offer peace of mind during every maritime adventure. Learn more at today!

Understanding Boat Insurance

Boat insurance is a specialized type of coverage designed to protect boat owners from various risks associated with owning and operating a watercraft. Just like auto insurance is crucial for vehicles on land, this insurance is essential for vessels on the water. While some may think that boat insurance is an unnecessary expense, the reality is that it can be a lifesaver in times of unforeseen accidents or damages.

Why Do You Need Insurance For Boats?

It can be hard to weigh if you really need boat insurance, but here are some of the key aspects this kind of safety net provides: 

  • Protect Your Investment: Your yacht or boat is not just a recreational vehicle; it's also a significant financial investment. This insurance helps safeguard this investment by covering damages caused by accidents, natural disasters, theft, vandalism, and more. Without insurance, you could be left with hefty repair or replacement costs out of pocket.
  • Liability Coverage: Accidents happen, even on the water. If your boat causes damage to another vessel or property or injures someone, you could be held liable for the expenses. Boat insurance often includes liability coverage, which helps cover legal fees, medical bills, property damage, and other costs, protecting your assets and financial stability.
  • Peace of Mind: One of the most significant benefits of boat insurance is the peace of mind it offers. Knowing that you have coverage for a wide range of risks allows you to enjoy your time on the water without constantly worrying about potential accidents or damages.

Learn more about what kind of insurance coverage you need for your yacht here

Hull and P&I Coverage for Yachts: What It Offers

Normandy Insurance Coverage Hull and P&I coverage for yachts is a comprehensive insurance program for yacht owners. It is designed to accommodate a wide range of watercraft used for private or charter purposes. Whether you own a yacht, sailboat, motor sailer, catamaran, navigating houseboat, or trailer craft, this insurance program covers you.

Our program offers coverage for vessels valued up to $5 million, ensuring that even high-value yachts receive adequate protection. Additionally, it limits liability up to $10 million, offering substantial coverage for potential damages and liabilities.

The Hull and P&I coverage for yachts includes various features to provide comprehensive protection. Crew liability coverage protects against liabilities arising from injuries or damages caused to crew members. The coverage for personal property includes protection for personal belongings on board the yacht.

Our insurance program also covers auxiliary watercraft and equipment, including tenders, trailers, and jet skis. Non-emergency towing covers the costs of towing your vessel in non-emergency situations. Uninsured boaters coverage protects against damages caused by uninsured or underinsured boaters. Medical payments cover medical expenses for injuries sustained on board.

With Normandy Insurance Company, you can ensure reliability and trustworthiness through our Hull and P&I policies. With our coverage for yachts and other boats, you can have peace of mind knowing that your vessel and its occupants are well protected!

Requirements and Exclusions

It's important to note that certain requirements and exclusions apply to the Hull and P&I coverage for yachts. Surveys are required for all vessels over five years of age to ensure they are in good condition and minimize the risk of insuring older, potentially problematic boats. This is a standard practice to ensure the vessel's and its passengers' safety.

Our policy does not cover vessels with a maximum speed of over 90 MPH. Its focus is on leisure and recreational watercraft rather than high-speed racing boats. The maximum speed limit is in place to ensure that the coverage is appropriate for the vessel's intended use. 

If you are considering yacht insurance, it's essential to be aware of these requirements and exclusions to ensure you get the right coverage for your vessel. By following these guidelines, you can ensure that your yacht is adequately insured and that you can confidently enjoy your time on the water.

As summer beckons and the open water's allure grows, ensure you're prepared with the right insurance coverage for your yacht or boat. The Hull and P&I coverage for yachts offers comprehensive protection, high valuation limits, and peace of mind so you can enjoy your maritime adventures worry-free. Don't let unforeseen accidents or liabilities dampen your summer fun – invest in boat insurance and confidently sail into the season!

Ready to safeguard your summer adventures? Don't wait for the unexpected – protect your vessel with Normandy's Hull and P&I insurance today. Get comprehensive coverage, peace of mind, and expert support for all your boating needs. Visit to get started!

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