Chubb boat insurance

The company behind Chubb's personal boat and yacht cover is ACE American Insurance Company, working with Chubb's U.S. underwriting affiliates. Chubb does not sell it to you directly. Quotes are set up through an independent agent, in other words, someone who can show you plans from several insurers, not just one.

A Masterpiece boat policy can be bought by itself. Your home or car does not also need to be insured with Chubb.

The right policy depends on boat size and, for large yachts, value and whether a captain runs it.

Chubb's materials do not say which policy fits a boat between 35 and 70 feet, so an agent can confirm the right one.

On its boat policy page, Chubb names these protections:

• Agreed value: at the start of the policy, you and Chubb fix the boat's worth together. If the boat is a total loss, you receive that entire sum, with no deductible taken off.
• Replacement cost on Masterpiece Boat Select: qualifying boats may receive as much as 120% of the insured figure.
• Liability: pays out when you injure someone or damage their property. Legal defense, pollution liability required by the Oil Pollution Act, and wreck removal are all part of it.
• Uninsured or underinsured boater coverage: steps in when people on your boat are hurt by another boater who carries too little insurance, or none at all.
• Personal effects and fishing gear: the owner's and guests' belongings come with automatic cover.
• Substitute watercraft: when a covered repair keeps your boat in the shop past 72 hours, Chubb covers the cost of a temporary substitute boat you can use in the meantime.
• Hurricane precautions: if a hurricane or tropical storm threatens your boat, Chubb contributes toward the cost of keeping it safe.

Whether towing on the water is part of the cover is something Chubb's boat pages leave unsaid.

This policy is for captained yachts of 70 feet or more, worth at least $3 million. As with the boat policy, you get it through an independent agent.

According to Chubb's guide, underwriters usually knock something off for every month a yacht is laid up. Laid up simply means the yacht is out of action and in storage, typically during the off-season. The underwriter is the insurer's staff member who chooses whether to cover you and sets the price.

Chubb doesn't publish prices, so your agent's quote is the only way to know. What Chubb does tell you is which policy your boat fits, and that each month your yacht spends out of the water in storage typically earns you a reduction from the underwriter.

AM Best, which grades insurers on how well they can pay claims, kept Chubb Limited's grouped companies at A++ (Superior) on January 16, 2026. That's AM Best's "Superior" rating, a strong sign Chubb can pay its claims.