Important Notice for Private Client Group Customers

AIG Australia has decided to cease offering high net worth home, contents and yacht insurance products, currently distributed through our Private Client Group team and through Mansions, effective 11:59pm 4 October 2021.

Pleasurecraft Insurance from Private Client Group

AIG understands what yacht ownership means, whether you are cruising worldwide or sailing close to home. Our Private Client Group team is well-versed in the intricacies of protecting yachts – regardless of size. We’ll manage your risk while you enjoy the serenity of the water.

All risk coverage

At AIG, our yacht policy provides broad coverage for virtually all types of marine risks, with no automatic deduction for depreciation on the value of your yacht. You can be assured of the same high quality coverage for yachts of any size, from small boats to “super yachts”. (subject to Sanctions Exclusions)

Offshore flagged vessels

For offshore flagged vessels, we can offer coverage tailored to your specialised needs (subject to Sanctions Exclusions), such as:

• Employers’ liability
• Longshoremen’s and Harbour Workers Compensation Act coverage
• Crew members medical and emergency travel, rescue

Agreed and new for old coverage

All of our policies are written on an Agreed Value basis with no deduction taken from claims settlements for depreciation as standard. This ensures certainty, support and peace of mind for our customers in the event of a loss.

Help when you need it

With our global reach and worldwide network, Private Client Group will ensure that you and your yacht receive the utmost attention and expert care – anywhere in the world.

Policy Wordings and Useful Documents