Ft. Lauderdale-based U.S. Superyacht Association has partnered with MHG Insurance Brokers and Point Comfort Underwriters to provide its members an SET plan (Superyacht Executive Travel plan.
Sold in blocks of days, the member companies can decide when to use them on international travel. Unused days are rolled over to the following year at the existing premium. Coverage is available to members starting at $1.50 per day of travel.
“We found that many of our member’s conventional health insurance plans simply did not cover their foreign travel and/or evacuation in the event of an emergency,” said John Mann, U.S. Superyacht Association chairman. “We are thrilled to partner with MHG and Point Comfort Underwriters to provide this customized travel insurance plan.”
The plan has two levels: Essential and Elite. The Essential plan includes coverage up to $500,000 in medical expenses, global medical protection outside home country, emergency medical evacuation, $0 deductible and no coinsurance. The Elite plan increases coverage up to $1 million, and adds accidental death and dismemberment benefits as well as adventure sports coverage.
“Many USSA members travel outside their home country frequently and it’s important to have the right insurance coverage in place in case something happens, whether at work or on holiday,” said Clayton Swart, MHG Business Development Manager. “We have seen many cases where people have gotten stuck with huge medical bills because they thought they had the right plan in place.”