STAY AFLOAT IN ANY STORM

Only from Lockton London

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Protecting your yacht against hurricanes has always been challenging. Until now.


You’re well aware of the catastrophic impact of hurricanes. As a yacht-owner, you face not only physical damage to your vessel but the cost of repairing or replacing it. And the ability to use or charter it.

Not anymore.

Current insurance policies have failed to cover yachts unless they’ve been in designated storm shelters. But these are expensive and too often unavailable, forcing you to leave your vessels in less protected areas. Without the critical cover you need.

Here’s a solution that protects you and your yacht.

When it matters. Wherever the storm.*


1.

How it works

Read more

2.

Storm Avoidance Reward

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3.

Why Lockton London

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*Covers states across the south and east coast of the U.S.A.

Count-on cover

Guaranteed protection against hurricanes

No erroneous storm-shelter conditions

Faster pay-outs with pre-defined parametric parameters

Covers vessels from $1-15 million in hull value and up to 500 gross tons

Financial rewards for good risk management

Quote within 48 hours

No deductibles or excesses

Claims paid within 30 days

Pricing options to suit your needs

Platinum

The Platinum option covers all CAT 1-5 named windstorms.

Payout structure:

Category
1-min maximum sustained windspeed (mph)
Distance to hurricane ≤15 miles
Distance to hurricane >15 miles and ≤30 miles
1
≥74 and < 96
0%
0%
2
≥96 and < 111
15%
0%
3
≥111 and < 130
40%
20%
4
≥130 and < 157
60%
30%
5
≥157
100%
70%

Gold

The Gold option mirrors the structure of the Platinum option but with reduced coverage of only CAT 4 & 5 named windstorms.

Payout structure:

Category
1-min maximum sustained windspeed (mph)
Distance to hurricane ≤15 miles
Distance to hurricane >15 miles and ≤30 miles
4
≥130 and < 157
60%
30%
5
≥157
100%
70%
GET A QUOTE TODAY

Or to discuss any of the above, please contact a member of our Team

Paul Jones

Head of Parametric Solutions

M: +44 (0) 7901 659 075 E: paul.jones@lockton.com

Alfie Lewis

Assistant Parametric Broker

M: +44 (0) 7511 097 169 E: alfie.lewis@lockton.com

Henry Bellwood

Data Science Lead

M: +44 (0) 7901 092 593 E: henry.bellwood@lockton.com


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Lockton Companies LLP. Authorised and regulated by the Financial Conduct Authority. A Lloyd’s broker. Registered in England & Wales at The St Botolph Building, 138 Houndsditch, London, EC3A 7AG. Company No. OC353198