Large pleasure craft and luxury yachts represent significant investments—and unique risks—on Canada’s waterways. From coastal cruising to inland lakes, specialized yacht insurance is essential to safeguard your vessel, guests, and lifestyle.

Key Risks for Large Yachts

High-value pleasure craft face exposures such as:

• Hull & machinery damage from collisions or grounding
• Severe weather—wind, waves, and storms
• Fire and onboard system failures
• Guest and crew injury liability
• Winter lay-up, haul-out, and storage risks

Even routine marina incidents can result in costly repairs or legal claims.

What Does Large Yacht Insurance Cover?

Policies are tailored and may include:

• Hull & machinery (agreed value options)
• Third-party liability for bodily injury and property damage
• Navigation limits and cruising extensions
• Tenders, equipment, and personal effects
• Pollution & wreck removal liability

Why It Matters in Canada

Canada’s harsh winters, fluctuating water levels, and busy marinas increase exposure. Proper coverage ensures smooth claims handling and peace of mind—on and off the water.

Protect your yacht. Protect your lifestyle.

Brokers can contact Total Risk Managers to discuss a risk.

This article is general information for insurance brokers. It is not advice, and it is not a quote or an offer of coverage. Policy wording decides what is covered. Coverage is arranged through a licensed insurance broker.