Luxury Yacht Insurance
in Florida

Covers the full agreed replacement value of your yacht without depreciation in the event of total or constructive total loss. For high-value yachts where hull values are $2–20M and above, agreed value coverage is the only appropriate basis. ACV settlements would be catastrophically inadequate for a vessel of significant value, and all reputable Florida yacht insurers write hull coverage on agreed value terms as standard.

Protection and Indemnity liability is the marine equivalent of commercial general liability, covering your legal liability for third-party bodily injury, property damage, and environmental claims. For large Florida yachts operating in busy waters like Port Everglades and the Miami Ship Channel, P&I limits of $1M–$5M or more are standard industry practice.

Covers your employed captain and crew under maritime law obligations including Jones Act negligence liability, maintenance and cure, and unseaworthiness claims. Florida-based yachts with professional crew face significant legal exposure under federal maritime law, and crew coverage is non-negotiable for any yacht with paid employees aboard.

Covers passages throughout the Bahamas, Caribbean, and beyond — essential for Florida-based yachts that follow the seasonal migration to the Caribbean in winter and the Northeast in summer. Navigation limits must match your actual itinerary, and specialist yacht insurers can provide worldwide navigation coverage for true bluewater or globe-circling yachts.

Covers your yacht's tender, outboard, and water sports equipment — jet skis, seabobs, inflatables, and dive gear — against damage and loss. Tenders and water toys are a significant investment for large Florida yachts and are frequently damaged in use. Each item should be scheduled with an agreed value reflecting current market prices.

Covers lost charter revenue if your yacht is damaged and unable to fulfill a charter commitment. Fort Lauderdale and Miami-based charter yachts have active booking calendars, and a vessel out of service for repairs can forfeit tens of thousands of dollars in bookings. Charter income protection ensures revenue continuity during repair periods.

Covers valuable personal property aboard your yacht — fine art, jewelry, antiques, wine collections, and other high-value items. Many Florida yacht owners maintain a floating lifestyle that includes significant valuables, and a standard marine personal effects limit is entirely inadequate. Specialist specie coverage provides agreed or replacement value for scheduled high-value items.

Covers fuel and oil spill cleanup costs and third-party environmental damage claims beyond standard fuel spill liability limits. Large yachts carry significant fuel loads — a 70ft motor yacht may carry 2,000+ gallons — and a major fuel spill in Florida's environmentally sensitive waters triggers mandatory USCG and EPA cleanup protocols with potentially unlimited cost exposure.

Fort Lauderdale is unquestionably the world's yachting capital, with more megayachts and superyachts concentrated in Port Everglades and the surrounding marinas than anywhere else in the Western Hemisphere. The Fort Lauderdale International Boat Show — the world's largest in-water boat show — draws owners, brokers, and manufacturers from every corner of the globe.

Miami's waterfront from Coconut Grove to Miami Beach is home to a substantial private yacht fleet, with Dinner Key Marina, Bayfront Park, and the Miami Beach Marina providing world-class facilities for vessels up to megayacht size. Miami's international character and proximity to the Bahamas make it a preferred home port for yacht owners from Latin America, Europe, and beyond.

Palm Beach is home to some of Florida's most exclusive yacht owners, with a concentration of large motor yachts and sailing superyachts at Rybovich, Northport Marina, and the Palm Beach Yacht Club. The Palm Beach inlet provides Gulf Stream access, and the area's high-net-worth ownership profile attracts specialist yacht insurers and superyacht service companies.

Key West serves as a southern staging point for Caribbean-bound yachts and is a popular winter destination for vessels cruising south from Fort Lauderdale. Garrison Bight and the Key West Bight Marina host transient yachts heading to Cuba, the southern Bahamas, and the Eastern Caribbean — making robust navigation territory coverage essential for yachts based here.