Do I Need Extra Insurance Coverage for International Yacht Delivery?

While the provided content specifically focuses on boat transport insurance in Canada (primarily overland road transport), it highlights critical insurance requirements that would apply to yacht delivery. If you are moving a yacht internationally or via road, you should consider the following regarding extra coverage:

  • Overland Transit Endorsement: Standard marine insurance policies typically contain an overland transit exclusion. This means your hull coverage is void the moment the yacht is lifted from the water and placed on a trailer. You must contact your insurer to request a specific endorsement or rider to ensure the vessel is covered during land transit.
  • Hauler’s Cargo Liability: Professional haulers carry cargo insurance, but this often provides limited protection based on the boat’s weight or a set declared value. This may not cover the full value of a high-end yacht.
  • International Compliance: For international routes, such as those connecting to the U.S., you must ensure cross-border policy compliance with the Marine Liability Act.
  • Hull Insurance Gaps: Because a hauler’s policy may have limits, owners are encouraged to maintain their own hull insurance with a transit rider to cover the craft’s full agreed value.

It is recommended to verify all insurance certificates and confirm specific limits with your carrier at least 48 hours before the move.

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