Simon Winter Marine Limited ("SWM") is pleased to announce the launch of the Prestige Yacht Policy, an insurance policy designed specifically for modern production sail and motor yachts. The policy is designed primarily for vessels of up to GBP£10,000,000 although existing facilities are available for values in excess of this.
Underwritten at Lloyd’s, the Prestige Yacht Policy offers Agreed Value policies and complements the existing insurance service offerings provided by SWM. The policy has been designed to cater for vessels operated on a private or commercial basis and can be tailored to form part of a comprehensive insurance program including Protection & Indemnity, employer’s/crew liability and medical health plans.
Commenting on the launch, Simon Winter said:
"This policy builds on the success of our Classic Yacht Policy and by continuing our relationship with supporting underwriters demonstrates our commitment as a Coverholder at Lloyd’s.
We will continue to play to our strengths as a specialist broker offering the same high level of service, independent advice and personal contact to our clients. With our worldwide network of surveyors, shipyards, shipwrights, sail & rigging specialists, marine engineers and other marine industry professionals as well as our practical sailing experience, this is what we strive to deliver."