FXM Risk – Yacht Insurance Program

Prestigious Protection. Professional Service. World-Class Yacht Coverage.

Program Overview

FXM Risk is proud to offer elite yacht insurance solutions underwritten by A-rated global insurers. This program is designed for sophisticated yacht owners seeking broad, customizable worldwide coverage with first-class claims responsiveness and flexible navigation options.

Carrier Strength

  • A+ (Strong) – S&P
  • A (Excellent) – A.M. Best (Positive Outlook)
  • AA- (Very Strong) – Fitch & Kroll Ratings

Limits of Coverage

  • Hull & Machinery: $500,000 – $10,000,000
  • Protection & Indemnity / Liability: $100,000 – $10,000,000+
  • Excess Liability available

Worldwide Trading Permissions

Coverage applies worldwide, excluding recognized War Zones as periodically posted by Lloyd's of London. Approved operating areas include:

North America
Caribbean
Mediterranean
Pacific
Europe
Asia-Pacific

Note: Coverage excludes recognized War Zones as defined by Lloyd's of London Joint War Committee.

Key Coverages

Comprehensive protection built on American Yacht Form R.12, Institute Yacht Clauses CL328, and LPR Extension Clauses.

Hull & Machinery

  • All Risks coverage for physical loss or damage
  • Latent defects, fire, explosion, collision
  • New-for-old repairs (limited exceptions)
  • Agreed Value settlement
  • 20% shore-stored equipment extension

Protection & Indemnity (P&I)

  • Damage to other vessels & property
  • Removal of wreck liabilities
  • Legal defense costs (with consent)
  • Third-party injury or death
  • Harbor, dock, pier, buoy damage

Third-Party Liability

  • Up to policy limits for all liability claims
  • Crew Liability (Jones Act)
  • Water-skiers liability (if added)
  • Fare-paying passenger liability
  • Annual aggregation limits available

Medical Payments

  • Medical, surgical, ambulance, hospital expenses
  • Funeral expense coverage
  • Coverage for persons boarding, exiting, or on the yacht
  • Paid up to policy limits within 1 year of injury

Uninsured Boaters

  • Bodily injury caused by an uninsured vessel
  • Hit-and-run vessels included
  • Covers insured persons aboard your yacht
  • Reduces liability payout for same event

Pollution Coverage

  • Sudden & accidental pollution events
  • Governmental action to prevent pollution
  • Institute Pollution Hazard Clause compliant

Personal Effects

  • All-risk coverage for personal property
  • Covers owner, family, & crew clothing
  • Includes transit to/from the yacht
  • Subject to limits & exclusions

Navigation & Windstorm

  • Worldwide navigation (excluding war zones)
  • Named/numbered storm coverage
  • Requires hurricane plan adherence
  • Freedom of movement to avoid storms

Special Policy Extensions

  • Cyber exclusion (LMA5403)
  • Service of Suit (USA)
  • Refit / Hot Work protection
  • Towing of tender (if approved)
  • Captain/Skipper Charter endorsements

Need a Custom Yacht Insurance Quote?

FXM Risk provides concierge-level yacht underwriting & placement.

Apply Here