Ahoy Insurance
Carrier website links, underwriting access points, mapped product lines, and appetite notes in one place.
This appetite summary is only a guide. Confirm eligibility, submission requirements, restrictions, and binding authority directly with the carrier or underwriter before relying on it.
Carrier appetite summary
Operational snapshot (as of August 2024 press release and current site): 1) Target / preferred business - Recreational boats and yachts, written on a tech‑driven, recreational marine book; not positioned as commercial blue-water hull or shipyard coverage. - Standard boats and yachts within these broad parameters: - For the core online program: vessels generally up to 50 feet in length, up to 30 years of age, with hull values up to $500,000 and engine power up to 500 HP for single/dual engines or 1,050 HP total for triple engines (max three engines). These are submitted/quoted directly via the consumer or agent online flow. - Yacht / larger-boat program: vessels up to 95 feet in length and hull values up to $2.5M for US‑domiciled owners, introduced as the new yacht underwriting offering. This program is underwritten by certain underwriters at Lloyd’s and is targeted to fill the gap for larger recreational boats where traditional carriers have retrenched. - Business is clearly recreational: cabin cruisers, power boats, fishing boats, pontoons, sailboats and private yachts for personal/pleasure use. - Ahoy emphasizes straight‑through, tech‑enabled processing and is particularly attractive where insureds are comfortable with app‑based risk management (Boat Fix device, telematics, weather alerts, photo inspections). 2) Geographic appetite - The overall marine footprint is described as nationwide for boats and yachts, with marketing language referencing coverage from California to Maine and across the Pacific Northwest and Florida. - The August 6, 2024 yacht underwriting announcement states that the new yacht program is available in all 50 states and US territories, expanding prior geographic limits. - Coverage is written for US‑domiciled boat owners; non‑US domiciles are not discussed in the public materials and should be treated as non‑standard/subject to underwriting approval. 3) Key underwriting parameters & structural notes - For most smaller boats that meet the size/age/value/horsepower thresholds, agents and insureds can quote and bind via the Ahoy online platform with fast turnaround. - The yacht underwriting announcement highlights: - Coverage limits up to $2.5M hull value and up to 95 feet length overall. - Program designed specifically for larger boats at a time when many legacy insurers have reduced appetite; Ahoy differentiates on its ability to assess risk using proprietary technology and data. - Straightforward underwriting intended to support quotes in under a day, particularly for broker‑submitted yacht risks. - The public press release does not list detailed hard exclusions (e.g., liveaboards, charter use, blue‑water passages, racing, high‑speed performance hulls) or fine‑print eligibility criteria. These are presumably governed by the internal underwriting guide, rating questions, and policy forms, which are not published. 4) Restricted / declined classes (inferred from positioning – confirm with underwriter) - Material is framed around recreational boaters; anything that departs from personal‑use, private‑pleasure boating should be considered at least restricted: - Commercial use (charters, bareboat rental fleets, sightseeing or fishing charters, commercial cargo) likely requires specific approval or a different market. - Non‑recreational marine operations (marinas, boat dealers, shipyards, contractors) are outside the published scope. - Very large or high‑value yachts above 95 feet or $2.5M hull value fall outside the announced yacht appetite and should be assumed declined or E&S‑only unless an underwriter explicitly indicates otherwise. - Boats outside the stated self‑service parameters (over 50 feet, above 30 years old, over the HP caps, or above $500k hull) are not necessarily declined but are not handled via the standard online path; they flow into the yacht/E&S channel and require broker handling. - No explicit hurricane‑zone or named‑storm restrictions are stated in public materials, but producers should assume coastal CAT management and navigation limits apply by state and region; confirm navigation territory, lay‑up, and storm‑plan requirements at quote. 5) Submission pathways & requirements - Core boat program (up to ~50’ / $500k within age and HP limits): - Submissions are primarily through the consumer or agent online quote flow on the main site and the agent portal. Standard questions will capture hull details, year, value, propulsion, use, mooring location, prior losses and operator experience. - The platform allows a near‑instant quote and bind for straightforward risks. - Yacht / larger‑boat & E&S program (up to 95’ / $2.5M): - Submissions route through the designated E&S/BGA partner platform referenced on the site (Loro). Agents click through to a dedicated intake form for larger yachts. - Ahoy advertises that yacht quotes can typically be turned around in under a day; expect a more traditional yacht submission (detailed vessel specs, prior surveys, photos, loss runs, navigation plans, operator CV/resume, and mooring details). - The program is underwritten by certain underwriters at Lloyd’s; additional documentation such as recent surveys and maintenance records may be needed for older or higher‑value hulls. 6) Producer / broker notes - Agents are supported through a user‑friendly agent portal that allows pricing, quoting, binding and portfolio tracking, with an emphasis on rapid, digital processing. - Ahoy promotes itself as offering: - "Straightforward underwriting" and a broker‑friendly digital experience. - Fast response times and tech‑enabled onboarding for brokers and agents on the yacht offering. - For agents seeking to place larger yachts or complex risks: - Use the E&S login / Loro submission channel for 50–95 ft and $500k–$2.5M hulls and expect underwriter interaction. - Confirm any non‑standard uses (liveaboard, charter, deliveries beyond standard navigation limits, blue‑water crossings) with an Ahoy underwriter before binding. - Appointments: agents must be appointed via the "Get Appointed" process before writing business and then can access the agent portal; training can be scheduled via a linked Calendly page. Working guidance: treat Ahoy as a US‑wide recreational boat and yacht market with a strong appetite for tech‑forward, private‑pleasure risks up to 95’ / $2.5M, favoring standard recreational exposures and routing larger/higher‑value or more complex yachts through its dedicated yacht/E&S channel.