Pleasure Craft 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 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.
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”.
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.
For offshore flagged vessels, we can offer coverage tailored to your specialised needs, such as:
• Employers’ liability
• Longshoremen’s and Harbour Workers Compensation Act coverage
• Crew members medical and emergency travel, rescue
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.
Private Client Group provides tailored and all-inclusive insurance coverage including:
Private Client Group is a unique offer designed specifically to meet the needs of high net worth individuals, providing asset protection services and products including: