Yacht insurance guide

Hull and Machinery Insurance

Complete Physical Damage Protection

Last updated: February 23, 2026

Hull and Machinery Insurance\n\nH&M insurance covers physical damage to your vessel including hull, deck, machinery, and equipment.\n\n### Coverage Components\n- Hull structure\n- Engines and transmissions\n- Navigation electronics\n- Safety equipment\n\n### Valuation Methods\n- Agreed Value\n- Actual Cash Value (ACV)\n\n### Common Covered Perils\n- Collision damage\n- Grounding\n- Fire and lightning\n- Theft and vandalism

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Essential Liability Protection

Return to our main Yacht Insurance Guide for a complete overview of coverage types, policy structures, and what to ask your broker.