FAQ

Yacht Insurance | American Family Insurance

Your yacht is a dream you work hard for, and it’s worth protecting. That’s why American Family Insurance wants to make sure you have the right coverage to protect your yacht from the unexpected. Take a look at our coverages and see how you can stay informed on how to protect your adventures on the water.

how much does yacht insurance cost?

Yacht insurance rates vary based on the total value of your yacht. On average, you can expect the cost of your yacht insurance to be around 1.5 percent of the cost of the boat. so if you’re the proud owner of a $30,000 yacht, you can expect an annual premium of around $450.

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yacht insurance coverage

In addition to the standard coverage options you can choose from, such as physical damage, bodily injury and property damage liability, and medical expenses coverage, we’ve highlighted some coverages you’ll want to consider to help protect your boat and everything in it. there is in it :

personal effects coverage

When you head out on the water, you probably have some important accessories with you. We offer extended coverage for your personal effects in case of theft, damage or fall into the water.

towing and recovery coverage

See also: 6 Things Home Buyers Must Know About Flood Insurance | Bankrate

If you get stranded in the water, you may need a trailer to get back to shore. This emergency road and water service is included in the physical damage portion of your policy. includes:

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