Boat & Yacht Programs:
Set Sail for Success
If you learn
Your journey to discovering all you need to know about covering boats, yachts, and personal watercraft with American Modern® begins here. (And we promise it won’t be a three-hour tour, either!) Learning which program to write for which customers can put you in the captain’s seat. So read on, and discover not only the program details, but what makes them the right choice for so many of your water-loving customers.
Length is key. Anything under 27 feet is Boat, anything 27 feet and larger is yacht
Personal watercraft (JetSkis®, WaveRunners®, etc.) are written in the Boat program
Maximum length for Yacht is 64 feet, except for houseboats which can be as long as 100 feet.
Get the essential coverage basics
in the short video at left.
... here's the must-know about whether you're writing boat or yacht
A trusted heritage of covering almost everything that floats
With our first watercraft policy in 1997, American Modern started what has grown to become one of our core products: covering almost everything that floats. Bass boats and air boats, house boats and yachts, even hovercrafts and rowboats—in fact, we’ve written thousands of policies on more than 48 different kinds of watercraft! And you can be confident in the team that stands behind your customers’ policies, too. Our claims department has experience and hands-on training in watercraft repair. And our customer service reps have the answers you and your customers need fast.
Take a deep dive
into program details
What to know—and words to know!—before customers set sail
Why should I write a Boat or Yacht policy instead of endorsing the watercraft onto an existing Homeowners policy?
What’s the deal with surveys? Why does my insured need one?
Surveys for watercraft are the equivalent of an inspection for Homeowners policies. The goal is to establish condition and verify unit value, as well as to identify any hazards (sinking and fire) and get those items remedied. If underwriting identifies any concerns upon reviewing a survey, they may ask for all items to be repaired/remedied before binding the policy, and the insured will need to sign to attest to such on a Survey Letter of Compliance.
There are two types of surveys:
• Out of water. This is the preferred method. The insured will have the vessel
pulled out of the water and inspected top to bottom.
• In water. The vessel is left in the water and the bottom of the vessel is not
inspected. A Sea Trial (when the surveyor takes the boat on the water to ensure it
functions properly) or a bottom inspection may be required.
Out of water surveys are required on all performance watercraft greater than 10 years old regardless of where they navigate. All antique units require a survey, too. We require these surveys on Yachts:
• Out of water surveys are required on all watercraft that navigate in fresh water
that are 15 years or older, and every five years thereafter
• Out of water surveys are required on all watercraft that navigate in salt water that
are 10 years or older, and every five years thereafter
• Out of water surveys are required on all performance watercraft greater than 10
years old regardless of where they navigate
• Any unit that is 10 years or older and requesting only Liability coverage can be
accepted with an In-water survey.
What’s a Boating Experience Resume (BER) and when will I need one?
A BER is a document that lists out the previous boats a customer has owned/operated. Safe boating operation requires a specific set of training and knowledge. Many customers start with a small boat to gain experience then buy up as they get more comfortable. This is typically a good insured as it shows a natural progression and building of skills. When a larger vessel is purchased, a BER will show the customer knows how to safely operate and maintain the boat. A BER is required on all Yacht policies.
What’s a Hurricane Plan (HSP) and when will I need one?
It’s a document that details the insured’s plan to secure the vessel in the case of an impending storm. These plans will show forethought on the customer’s behalf: When a storm approaches, they don’t have to quickly figure out what to do with the boat since a plan will already be in place. These plans should be as detailed as possible and include information about who will secure the vessel and where it will go (e.g., dry stack storage, hurricane-rated storage building).
• A Hurricane plan is required at underwriting’s discretion for units in coastal,
hurricane prone areas.
• A Hurricane plan is required on all Yacht vessels in Florida’s Miami-Dade and
What’s an Absentee Owner Questionnaire (AOQ) and when will I need one?
If the insured keeps their boat at a seasonal residence, underwriting may require an AOQ to be filled out. This helps us understand who looks after the boat while the insured is not in residence and what efforts are taken to mitigate potential losses or theft.
What’s a Vessel Itinerary (VNI) and when will I need one?
A vessel itinerary helps underwriting to understand where a unit intends to navigate over the course of a year. Typically this information is requested when an Extended Navigation area is selected, or if an insured splits their time between different locales (such as spending summers boating in New England and winters boating in Florida).
tips on quoting right
When you’re ready to pull up the anchor and quote, knowing some
AMsuite® ins and outs will help you avoid stormy seas.
Who to list on the policy
• The titled owner(s) should be listed as Named Insureds on the policy. We will accept
up to four titled owners.
• All regular operators should be listed on the policy as well. Children age 14 and over
should be listed as well.
• If the unit is titled in an LLC or a Trust, then all potential operators must be listed.
Get these resources and have all the info you’ll ever need at the ready.
You’re ready to chart your new course!
We hope we’ve supplied all the information you need to quote Boat and Yacht with confidence and ease. If we can help in any way, please contact 800-543-2644.
Coverage is subject to policy terms, conditions, limitations, exclusions, underwriting review and approval, and may vary or not be available for all risks or in all states. Rates, discounts vary, are determined by many factors, are subject to change.
American Modern Insurance Group, American Modern, AMsuite, modernLINK, and Homeowners FLEX are registered trademarks of American Modern Insurance Group, Inc. Policies are written by one of the licensed insurers of American Modern Insurance Group, Inc., including but not limited to American Modern Property and Casualty Insurance Company (CA Lic. No. 6129-1.)
JetSki is a registered trademark of Kawasaki Jukogyo Kabushiki Kaisha (Kawasaki Heavy Industries, Ltd.), WaveRunner is a registered trademark of Yamaha Motor Company, and American Modern’s use herein does not imply affiliation with or sponsorship or endorsement of American Modern, its products, or services.
© 2022. American Modern Insurance Group, Inc., 7000 Midland Blvd. Cincinnati, OH 45102-2607, USA. All rights reserved.
There are a lot of reasons, actually:
• Our coverage is comprehensive, with many available options to fit a variety of boaters
• A standard homeowners policy might not provide the coverage a policyholder needs.
• A homeowners policy may only extend liability to the watercraft or if the vessel is endorsed.
• Our claims and underwriting staff are knowledgeable and experienced in watercraft. Our
people are avid boaters, have worked in other facets of the marine industry, and have many
years of experience with watercraft and insurance.