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Recreational Marine

Recreational Marine Insurance covers you against all risks of Physical Loss or Damage to your Yacht and its Contents, Fine Arts and Personal Effects while on board your vessel. 

You will be covered for damages an Insured Person is legally obligated to pay including bodily injury or property damage arising from the ownership, operation, maintenance or use of the Yacht and caused by a covered occurrence within the Navigational Limits. This coverage is subject to all Policy terms, conditions and exclusions.


  • Global reach with local service.
  • Customised programmes to suit our customers’ highly specialised needs.
  • Loss control services that reduce the risks in advance, or help mitigate losses following an incident.

Who is it for?

Owners of private pleasure boats excluding high performance boats, racing sailboats.

What is covered?

  • Property coverage: Vessel & Engine(s), machinery, furniture, electronic equipment, spars, sails, masts, rigging, fittings, tenders and other equipment normally necessary to be on board for the safe operation and routine maintenance of the yacht.
  • Commercial towing and assistance.
  • Personal effects.
  • Tenders/Dingy.
  • Trailers.


Medical payment coverage pays for all reasonable medical, ambulance, hospital professional nursing and funeral costs that result from an accidental injury (excluding employees and crew).

  • Uninsured Boaters Coverage provides cover against bodily injury caused by an uninsured or an unidentified operator of another vessel who is legally responsible for the accident.

Recreational Marine policies are short-term products and are underwritten by AIG South Africa Limited, FSP No:15805