What is Hull Coverage?

Hull Coverage protects your vessel itself — the hull, machinery, engines, and permanently attached equipment — against physical damage caused by covered marine perils such as collision, grounding, fire, theft, vandalism, or severe weather.

If your boat or yacht is damaged while docked, stored, or underway, this coverage helps pay for repairs or replacement costs up to the insured value. It’s the core of every marine insurance policy, designed to safeguard your vessel from the financial impact of accidental loss or damage.

Most Hull policies can be written on either an Agreed Value or Actual Cash Value basis. Agreed Value provides full reimbursement based on the vessel’s insured amount with no depreciation, while Actual Cash Value factors in wear and age. Choosing the right valuation ensures your investment is properly protected no matter the circumstance.

WHY BUSINESSES CHOOSE CASEY INSURANCE

1. Specialized Marine Expertise

Our team understands marine risks — from mechanical failure to storm damage — and designs Hull policies that reflect real-world conditions on the water.

2. Flexible Valuation Options

We offer both Agreed and Actual Cash Value coverage so you can select the option that best fits your vessel’s age, value, and usage.

3. Broad Navigation Limits

Whether you operate locally or cruise internationally, we tailor your coverage to match your navigational range and seasonal mooring preferences.

4. Fast, Knowledgeable Claims Service

In the event of a loss, our marine claims specialists act quickly — coordinating repairs, surveys, and settlements to get you back on the water with minimal downtime.

It covers physical damage to your vessel, including the hull, engines, and onboard equipment, caused by collision, fire, theft, or grounding.

This coverage applies to private and pleasure vessels, including motor yachts, sailing yachts, sport boats, and tenders.

An Agreed Value policy guarantees a fixed payout for total loss, ensuring you receive the full insured value rather than a depreciated amount.

Yes. It covers partial repairs and component losses, such as damage to engines, rigging, propellers, or navigation systems.

Yes. Most policies include salvage recovery, towing, and wreck removal expenses, providing full assistance during marine emergencies.

Yes. Hull Coverage applies both afloat and ashore, protecting your yacht during storage, transport, or maintenance periods.

It protects your investment and financial stability from unexpected maritime damage, ensuring your vessel can be repaired or replaced quickly and safely.

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Motor Yachts
Motor yacht insurance protects luxury vessels used for coastal cruising, entertaining, or extended trips. Coverage includes liability, theft, and property damage. Policies are tailored for mid-range luxury yachts, ensuring dependable protection for owners enjoying performance, comfort, and prestige.
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Sail Boats
Sailboat insurance offers coverage for liability, passenger injuries, and hull damage. From day sailing to offshore voyages, policies are customized for coastal or blue-water cruising. Protect your vessel against storms, accidents, and theft while enjoying the freedom and adventure of sailing.
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Catamarans
Catamaran insurance addresses unique twin-hull risks like bridge-deck slamming, capsize exposure, and equipment strain from heavy seas. Coverage protects against liability, collisions, storm damage, and theft. Policies ensure reliable marine insurance for owners using catamarans for cruising, liveaboard lifestyles, or charter operations.
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Trawlers
Trawler insurance covers risks from long-range cruising, including grounding, mechanical breakdowns, and storm exposure during extended passages. Coverage includes liability, theft, and hull protection. Marine insurance ensures trawler owners peace of mind for life aboard or offshore voyages.
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Pontoon Boats
Pontoon boat insurance addresses unique risks like shallow-water collisions, passenger injuries from open decks, and damage during towing or docking. Coverage protects against liability, theft, and property loss. Tailored policies provide dependable protection for pontoons used in lakes, rivers, and family recreation.
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Deck Boats
Deck and bowrider insurance covers risks from high passenger capacity, water sports use, and collisions in crowded waterways. Policies protect against liability, theft, hull damage, and towing accidents. Marine insurance ensures peace of mind for families enjoying versatile recreation on coastal or inland waters.
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Cabin Cruiser
Cabin cruiser insurance protects against engine failures, liability from overnight guests, and damage during docking or weekend trips. Coverage includes theft, collisions, and property loss. Marine insurance provides reliable protection for owners using day cruisers for short coastal cruising and family leisure trips.
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High-Performance Boats
High-performance boat insurance covers unique risks like high-speed collisions, engine stress, and liability from racing or offshore runs. Policies protect against theft, hull damage, and passenger injuries. Marine insurance secures go-fast boats, safeguarding performance and safety for thrill-seeking sport boat owners.
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RIBs & Tenders
RIB insurance covers unique risks like punctured tubes, rough surf landings, and collisions while serving as yacht tenders. Coverage includes liability, theft, and hull damage. Tailored marine insurance ensures dependable protection for inflatable boats used in coastal runs, yacht support, and adventure outings.
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