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Farmers Yacht Secure
This program is designed for boats over 26' in length, including both power
yachts and sailing yachts, with values up to $750,000. Eligible risks include:
- Cabin cruisers
- Fishing yachts
- Sailboats over 26' long
- Houseboats and live-a boards
- Charter boats (up to 21 days charter use per year)
- Luxury yachts
- Yachts used on inland lakes and rivers, as well as coastal
waters
- Catamarans over 26' long
- Both old and new yachts
Superior Coverage for the Yachting Lifestyle
Today's yacht owners expect superior coverage for their boats,
both on and off the water. That's why the Farmers Yacht Secure policy provides a
number of specialized features and valuable extras designed to keep our
customers satisfied. It can also be easily enhanced to fit your individual needs.
Coverage highlights include:
Hull – Pays for damage to
the boat, sails, motors and/or other related equipment, including damage caused
by launching or hauling, fire, lightning, explosion and striking underwater
objects. Pays the agreed value (the amount the boat is insured for) of a stolen
boat if it cannot be recovered or a total loss, with Replacement Cost coverage
on partial losses. The policy also includes coverage for salvage costs. Payment
is made without depreciation for machinery up to and including seven years old
for outboards, 10 years old for other gas-powered motors and other machinery, or
12 years old for diesels.
Tenders & Dinghies –
Automatically includes small tender coverage an ACV basis with a $250
deductible. Tenders can also be scheduled on an Agreed Value basis. Coverage is
available on an unscheduled or scheduled basis.
Land Transit – Yachts can be
tailored anywhere in the U.S. or Canada without a mileage limit, subject to
navigational restrictions. Transit by commercial carriers is limited to a
300-mile radius from the mooring location, unless approved by the company.
Marine Electronics – All
marine electronics are subject to a $500 deductible.
Personal Effects – Pays for
up to $2,500 of damage to personal property that belongs to you or your guests. Higher limits of coverage are also available.
Protection & Indemnity –
Protects the owners assets when someone borrows the boat and causes damages,
injuries or death while using the boat. It also covers fuel spill liability,
wreck removal, and claim or lawsuit defense expenses. Provides incidental
coverage for injuries to crew temporarily employed (up to 15 days) on your yacht
who fall under general maritime law (Jones Act).
Uninsured Boaters – Protects
you and your guests for bodily injury damages if an uninsured boater injures
you. Coverage is AUTOMATICALLY included EQUAL TO the Protection & Indemnity
limit, UP TO $1 MILLION.
Towing – Coverage starting
at $500 with no deductible for commercial towing and assistance. Higher limits
available.
Medical Payments
- Covers up to $10,000 worth of incidental medical care for
the insured, as well as your guests and family, when needed as a result of incidents that occur
while on, boarding or leaving the boat. Higher limits of coverage are also
available.
Special Coverages – Many
specialized endorsements enhancing standard coverages are also available.
Flexible Terms and Payments
The Farmers Yacht Secure policy has a term of 12 months. Farmers
customers may be eligible for a multi-policy discount on their auto and/or home
insurance policy, and/or Foremost specialty insurance policy, when they insure
their yacht with Farmers. Higher deductibles are also available to lower the
overall cost of premiums. Customers may pay through standard bill or Farmers
EasyPay®.
Experience and Expertise
Our marine claims handling is second to none in the United
States. We assign specific claim specialists to each case based on location of
loss, complexity and type of claim. This assures that the right person gets the
right claim.
Our toll-free claims hotline is available 24 hours a day, 7 days
a week by calling 1-800-527-3907 . Online claims filing is also available at
Foremost Insurance Group.
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Better Coverage. Better Value 
