Rhode Island-based Falvey Yacht Insurance has established a relationship with underwriter Amlin to offer up to $10 million in luxury yacht coverage, worldwide.
With this agreement, Falvey launched its own luxury yacht product, the Falvey Freedom Form. It covers affiliated assets ranging from tenders and personal watercraft to motorized yacht toys such as motorcycles and mopeds. This new offering can also reimburse sportfishing tournament entry fees and lost dockage expenses in the event of a claim. It provides options for substitute charter vessels should a loss occur, and guarantees repairs resulting from a claim. Other options in Falvey Freedom include coverage for fine art onboard and stored equipment onshore.
Amlin, listed on the London Stock Exchange, provides cover for commercial risks around the world. A member of the Lloyd’s of London market, Amlin insures many of the world’s largest companies including ownership of Lead Yacht, a global leader in superyacht insurance.
For more information, visit www.falveyyachts.com.