Chubb has been named the preferred insurance provider for members of Safe Harbor Marinas under an exclusive partnership.
Under the arrangement, Safe Harbor members across more than 150 marinas will have access to Chubb’s Masterpiece Select Recreational Marine Insurance product, drawing on the carrier’s long-standing marine underwriting expertise. The partnership is aimed at boat and yacht owners seeking broader coverage and service than is typically available through standard recreational marine policies.
Kimberly Finlay, senior vice president and recreational marine leader, Personal Risk Services at Chubb, said the collaboration reflects a shared focus on tailoring protection to boating customers and supporting their time on the water.
Chubb’s Masterpiece Select Recreational Marine policy is positioned at the upper end of the personal marine market, designed for yacht and performance boat owners who expect wider protection and fewer coverage gaps.
Key features include total loss settlement with no deductible and no depreciation on partial losses, both intended to reduce disputes and out-of-pocket costs after major incidents. The policy provides coverage for mechanical and electrical breakdowns, which are often limited or excluded in basic boat policies, and includes rental reimbursement so insureds can continue boating while their vessel is under repair.
The wording offers replacement cost coverage for qualifying property and responds to major perils such as sinking, collision, fire, demasting, explosion, and stranding, including causes that are typically excluded under narrower policies.
Liability and ancillary protections include comprehensive liability coverage, uninsured and underinsured boater coverage, personal property coverage, emergency towing and service, and precautionary measures or hurricane haul-out coverage. With more frequent and intense storms affecting US coastal regions, hurricane haul-out and storm-preparation benefits have become increasingly relevant for marina-based vessels.
The Safe Harbor partnership deepens Chubb's presence in US recreational marine at a time when severe weather, higher repair and labor costs, and more complex onboard technology are adding to the cost and complexity of yacht and pleasure craft claims. Meanwhile, for Safe Harbor, working with a specialist marine insurer provides access to broader coverage options and claims expertise integrated into the marina environment.
Across the US market, carriers and MGAs are increasingly embedding specialist products into membership-based or digital platforms, rather than relying solely on traditional agency channels. Wholesale and E&S markets have already seen sustained growth as producers look for specialist solutions and flexible capacity outside standard admitted frameworks, particularly in property and motor segments.
The Chubb–Safe Harbor agreement may influence placement strategies and client expectations around “best-in-class” recreational marine coverage. Features such as no depreciation on partial losses, breakdown coverage, and hurricane haul-out may become benchmarks when comparing policies for higher-value vessels, especially in storm-exposed areas.
More broadly, as carriers and intermediaries move toward more predictive, prevention-focused models using data and analytics, recreational marine partnerships like this one create an opportunity to link risk management, loss prevention, and insurance.
