Old United's coverage is superior in a number of ways:

• An "Agreed Value" Policy [except on outboard motors seven (7) years of age or older and certain normal depreciable items outlined in the Policy ---i.e. batteries, upholstery, carpeting, trailer tires, etc.]. providing Physical Damage Coverage afloat, ashore or in transit includes hull, machinery, sails and fittings. Also it includes yacht trailers when scheduled separately, and dinghies, tenders, and outboard motors for values exceeding $3,000. when scheduled separately. Unattached equipment and accessories are insured up to 50% of the yacht's hull insured value when stored ashore.
   
• Improved Medical Payments Coverage of $25,000 per accident now (increased from a prior sublimit of $10,000.) on an excess basis for "Insureds" and on a primary basis for passengers and guests.
   
• Contaminant/Fuel Spill Coverage with $854,400 limits is included at no additional premium charge!
   
• No "Seasonal" Lay-up Restrictions so you can use your yacht year round...if you choose to do so.
   
• New automatic "limited" Paid Captain and Paid Crew Coverage.
   
• New Coral Reef Damage Coverage subject to its own:
  • $100,000. sublimit of coverage; and
  • $50,000. sublimit for government fines and/or penalties.
     
• A new “$0” (Zero Dollar) or No Electronic Navigational Device Deductible is automatically included in your policy.
   
• Emergency Service Coverage (including yacht trailer roadside service) of $500.*
   
• Personal Effects Coverage of $2,500 is included. *
   
• Liability/P&I Coverage up to $3,000,000 is available.
   
• Uninsured/Underinsured Boaters Coverage
   
• Longshore And Harbor Worker's Compensation Coverage
   
• Liability Coverage for use of Non-owned and Loaner Watercraft.
   
• Newly Acquired Property Coverage. which now matches the Protection and Indemnity (P&I) limits chosen (subject to a maximum Uninsured/Underinsured Boaters Coverage limit of $500,000).
   
• Wreck Removal Expense Coverage.
   
• Defense Cost Coverage.
   

The Millennium Mariner Gold Program's Specifications

Qualifications
To be used for yachts more than 26 feet in length with a hull value of $5,000 up to $3 million and 25 years old or less. Normal maximum speed is up to 55 M.P.H.

Valuation
"Agreed value" except for certain specific scheduled items subject to depreciation as outlined in the Policy. Outboard motors seven (7) years or older are subject to "actual cash valuation".

Coverages And Sublimits

1. Coverage "A": Yacht Hull And Equipment
   (physical damage) $5,000 to $3,000,000.
    
2. Coverage "B": Yacht Liability/Protection & Indemnity (P&I) Options
   of $50,000, $100,000, $300,000, $500,000, $1,000,000, $1,500,000, $2,000,000, $2,500,000 and $3,000,000.
    
3. Coverage "C": Longshore And Harbor Worker's Compensation Statutory Limits.
    
4. Coverage "D": Medical Payments Coverage $25,000 per accident.
    
5. Coverage "E": Uninsured/Underinsured Boater's Coverage
   Matches whatever Liability/P&I limits chosen by the "Insured", subject to a maximum of $500,000.
    
6. Coverage "F": Personal Effects Coverage
   Standard coverage at no additional charge is $2,500, subject to a $250. deductible. Higher limits are available up to $25,000 at a higher deductible.
    
7. Emergency Service/Towing Coverge: Standard "no-cost" coverage is $500 with no deductible. Higher limits are available up to $10,000 for yachts valued at $1,000,000 or more.
    

Deductibles
Yacht and Equipment are subject to a standard deductible of 1% of the yacht's hull value with options of 2%, 3%, 4%, or 5%. 

Minimum Annual Premiums
$250 for sailboats and $300 for powerboats. All new policies are subject to a one-time flat $25 fully earned "policy service fee" (except in states where prohibited by law).

Optional Coverages Available

• New Platinum Plus Endorsement is automatically included in each policy whose hull value is $500,000 or greater. This endorsement automatically increases the “standard” policy limits to the following higher limits:

  1.)    Personal Effects Coverage = $25,000.

  2.)    Emergency Towing & Service Coverage= $10,000.

  3.)    Rental Reimbursement Coverage= $5,000  up to 4 weeks

  4.)    Hurricane Haul-Out Coverage = $2,500 per occurrence/ $5,000 per year
   
• New optional Platinum Endorsement is available for all yachts whose hull value is less than $500,000 for  a  nominal $75.00 additional annual premium. This endorsement increases the “standard” policy limits to the following higher limits:
  1.)    Personal Effects Coverage = $10,000.
  2.)    Emergency Towing & Service Coverage= $5,000.
  3.)    Rental Reimbursement Coverage= $5,000  up to 4 weeks
  4.)    Hurricane Haul-Out Coverage = $1,500 per occurrence/ $3,000 per year
   
• NAVIGUARD Mechanical Breakdown Insurance Endorsement for "qualified" yachts which covers not only the yacht's machinery, but also its appliances, various systems (i.e. electrical, heating, air conditioning, fresh water, hot water, waste water), generator, yacht trailer, and more! A unique Old United Casualty Company feature!
   
• Full-Time Captain / Crew Coverage Endorsement
   
• Navigation Limit Extension Endorsement for special trips an "insured" may decide to take in the future.
   
• Land Transportation Extension Endorsement
   
• "Six Pack" Charter Coverage Endorsement
   

To get a Quick Quote, click here to fill out the online quote form.

The Best Coverage at The Best Price Just Got Better! So be sure to insure your yacht with Old United Casualty Company's "Millennium Mariner Gold" Yacht Insurance Policy.