Insurance for Yachts & Marinas

A Broker Who Understands Your Unique Challenges

Michael Richards, the President of Marine Insurance Group, combines decades of insurance industry experience with a lifelong love of the marine industry.

When it comes to the challenges facing boat owners and marina operators, Michael has a depth of understanding few in the industry share.

Michael began his career working at marinas, performing nearly every task (as many working at a marina do), purchased his first boat while still in elementary school, chartered boats, repaired and refurbished boats. Michael is a Merchant Mariner Credentialed Captain and currently lives aboard his 55ft motor-vessel Reveille cruising the US Atlantic coast.

While immersed in the marine lifestyle, Michael manages a team of competent and driven insurance professionals who provide unparalleled support and service that exceeds our clients expectations.

Complete Marine Insurance

We've got you covered

Luxury Yacht Insurance

For pleasure yachts over 35 feet in length or captained vessels 70 feet or longer, valued at $3 million or more.

Charter Boat Insurance

The broadest Charter Policy available, a commercial policy that fully protects your property, passengers and crew.

Facilities Insurance

Available for Marina operators, boat dealers, boat builders & manufacturers, yacht brokers, & yacht clubs

Superior Yacht Coverage

We work with leading carriers in the industry to bring you comprehensive coverage for all situations.

Replacement Cost of up to 120%

The entire agreed amount is paid out, with no deductible, in the case of a total loss. Eligible vessels can receive up to 120% replacement cost.

Temporary Substitute Watercraft

You're covered for up to $10,000 to charter a substitute vessel if your unusable boat, due to a covered loss, can't be repaired within 72 hours.

Superior
Liability Protection

Liability protection to suit your personal needs, including: legal defense costs, pollution penalties, paid crew and wreck removals.

Search and Rescue Inclusion

Policies can include up to $25,000 for expenses you incur for search and rescue by a governmental unit such as the United States Coast Guard.