Global Marine Insurance
Global Marine Insurance works as an independent marine agency, helping owners of boats, yachts, and marine businesses arrange cover since 1989. There's no published price list.
- Market guide, by state group
- $307 to $663Progressive's 2024 to 2025 averages for low-cost and high-cost states, not a Global Marine Insurance price
- Policy issued by
- The insurers it places you withHow to buy: Global Marine, an independent marine agency
- Payout after a loss
- Yacht policies use agreed value
- On-water towing
- PWC policies include towing
From Global Marine Insurance's own boat insurance pages (globalmarineinsurance.com).
Your boat's yearly range across insurers, in three taps
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What kind of boat?
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What you paid, or what boats like it sell for. A rough figure is fine.
Type the value in dollars, between $500 and $5,000,000.
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An estimate, not a quote. How we work it out
The line reaches Boat Insurance Compare. Have the boat, its value and your state ready.
Rather have it in writing? Send a quote request with the answers you just gave.
Instead, you get a quote that compares offers from several insurers for your boat.
What kind of company is Global Marine?
Rather than being an insurer itself, Global Marine acts as an agency. In other words, it arranges your policy with an insurance company, and that insurer is the one that pays out on claims. Because it is independent, it is not tied to any single provider. The agency's in-house yacht specialists give clients a way to reach several leading yacht insurers.
For you, that means one agency can present offers from more than one insurer, so you can compare prices and cover before deciding.
Boats and watercraft it covers
The agency arranges cover for a broad spread of craft, from small personal machines right up to very large yachts:
- Jet skis and similar personal watercraft
- Power yachts
- Sail yachts
- Mega yachts
- Sailboats used for cruising, racing, or day trips
- Other watercraft
Owners of sailboats can secure cruising, racing, or day-sailing cover.
Yacht coverage options
Policies arranged through Global Marine may offer agreed value cover. With agreed value, you and the insurer settle on the boat's worth when the policy begins. If the boat is a total loss, the payout is based on that figure.
Other yacht coverages include:
- Removal of a wreck
- Hurricane haul-out, which covers the cost of lifting the boat out of the water ahead of a storm
- Cover for paid crew who are injured while working on board, under a US law called the Jones Act
- Lower deductibles for personal items and electronics
- Tender cover included automatically
Your deductible is the share of a claim you cover out of pocket before the insurer steps in, so the lower it is, the less you pay after a loss. The tender is the little boat that ferries you between the yacht and dry land.
Mega yacht coverage
The biggest yachts frequently need protection that goes past what a standard policy provides. For the largest yachts, Global Marine can arrange cover built for mega yachts, such as:
- Chartering now and then
- Protection for fine art and other valuables kept on board
- Navigation territories tailored to the yacht, spelling out the waters where cover applies
Jet ski and personal watercraft policies
For jet skis and other personal watercraft, cover may include:
- Damage to the watercraft, or theft
- Medical bills
- Towing help
- Liability protection
Is there a price list?
There isn't one. Global Marine keeps no fixed price list for boat insurance, so there is no set figure we can hand you for your boat. What you pay comes down to the quotes its partner insurers offer for your particular boat.
What boats like yours cost to insure, across insurers
| Boat worth about | Pontoon, bass or ski boat | Sailboat | Jet ski |
|---|---|---|---|
| $10,000 to $25,000 | $300 to $800 | $500 to $880 | $180 to $500 |
| $25,000 to $50,000 | $380 to $800 | $500 to $1,500 | Few are worth this much |
| $50,000 to $100,000 | $750 to $1,130 | $750 to $1,500 | Few are worth this much |
A market guide for a middle-cost state, not a Global Marine Insurance price. Every boat, value and state
The same boat in low, middle and high-cost states
| Progressive cost tier | Tier average a year | A $25,000 pontoon a year | States such as |
|---|---|---|---|
| Low-cost, 17 states | $307 | $250 to $590 | Michigan, Minnesota, Wisconsin |
| Middle-cost, 17 states | $413 | $300 to $800 | Georgia, Ohio, Tennessee |
| High-cost, 16 states | $663 | $480 to $1,250 | Florida, Texas, California |
Tier averages from Progressive. Your state's tier and rules
Getting a quote
The online quote form from Global Marine compares rates from several major carriers. That way you can look at multiple offers for the same boat side by side, instead of relying on one price from a single company.
Extended warranties for boats
Alongside insurance, Global Marine also offers extended warranties for boats from Global Product Protection. These help pay for major mechanical repairs. They sit apart from the insurance policies as their own product.
Common questions
Is Global Marine well regarded in the industry?
Global Marine has been named a Best Practices Agency by the Independent Insurance Agents & Brokers of America. That is an honour from an agents' trade body rather than a score based on customer reviews.
Can I speak to a quote specialist on a weekend?
Yes, Saturday hours are available. You can call a quote specialist 8 to 6 on weekdays and 9 to 5 on Saturdays, Eastern time.
Can I charter out my mega yacht occasionally?
Chartering now and then is one of the mega yacht coverages available. The Global Marine site gives no further detail on charter terms, so you would have to confirm what each insurer permits in its quote.
Compare Global Marine Insurance with
| Insurer | Policy issued by | How to buy | Payout after a loss | Towing on the water | Boats it names |
|---|---|---|---|---|---|
| Global Marine Insurance | The insurers it places you with | Global Marine, an independent marine agency | Yacht policies use agreed value | PWC policies include towing | PWC, power and sail yachts, mega yachts |
 Chubb | ACE American (Chubb) | Independent agents | Total loss pays the full agreed amount with no deductible | Ask the agent when quoting | Boats to 35 ft and PWC; captained yachts |
 Markel | Markel American | Online, by phone or an agent | Agreed value; actual cash value available on yachts | Emergency towing offered | Boats to 26 ft; yacht policy for over 26 ft, houseboats |
 Travelers | Travelers Indemnity and affiliates | Online, by phone or an independent agent | Choice of agreed value or actual cash value | TravAssist on-water towing, optional | Pontoons up to yachts; no quotes in Alaska, Florida, Hawaii or Louisiana |
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Tell us the boat, what it is worth and where you keep it.
This line reaches Boat Insurance Compare, not Global Marine Insurance.