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Insuring Palmer Johnson: cover and premium
motor yachts · the USA
Palmer Johnson builds motor yachts in the USA. NAMMERT insures a Palmer Johnson regardless of year built or where you bought it, liability, hull, legal expenses and personal accident cover from one house, taken out online in five minutes.
At a glance
Origin
the USA
Class
motor yachts
Typical sizes
30 to 52 m
Premium from
from €49 a year for liability
Worth knowing
Palmer Johnson; cover, cost and conditions
Two lines are recorded, the classics of 30 and 40 metres from the years 1980 to 2005 and the SuperSport 48 / 52 m from 2005 to 2020. New construction is dormant, and the yard in the USA works in refit today. For the policy, therefore, the condition and the state of the refit are what count, not a new-boat price of former times.
The value is agreed as an agreed value and compensation is paid with no deduction for depreciation (new for old), in the Premium tariff with no age limit. We provide cover regardless of the year of construction, the place of purchase and previous owners, which is decisive for a yacht with a refit history.
Up to a sum insured of 2.5 million euros the policy can be taken out online; above that we assess the individual case. Third-party liability remains the basis with a limit of indemnity of 10 to 50 million euros, supplemented by limited or full hull cover with collision, grounding, vandalism and theft of parts.
Questions and answers
Frequent questions
How is a yacht valued after a refit?
For Palmer Johnson: Through the agreed value that is set when the policy is taken out.
As new construction is dormant, the condition and the state of the refit are what count.
Compensation is paid with no deduction for depreciation (new for old),
in the Premium tariff with no age limit.
Is a policy above 2.5 million euros possible?
Yes, for Palmer Johnson too: in that case through the individual assessment instead of the online
process.
Independently of that, the limit of indemnity for third-party liability can be chosen between 10
and 50 million euros.
The cover that fits
motor yacht insurance
Tariffs, cover and FAQ for motor yacht insurance in detail.
Third-party liability
The foundation for a boat from Palmer Johnson: damage to third parties, worldwide,
from €49 a year for liability.
Hull cover
Partial or full hull cover for a Palmer Johnson, at replacement value with an agreed fixed value.
For the whole class of boat
For Palmer Johnson: What matters for motor yachts is the same across every brand; engine output,
how a claim is settled, cruising range and theft protection.
The class page lists every point and every brand in this class, Palmer Johnson included.
Other builders in this class
Nautical information What counts before you cast off, papers, equipment, waters
Licence
A powerboat licence (inland or coastal) is required from 15 hp (11.03 kW).
Registration
Registration from 3 hp; for trips abroad carry the boat certificate or flag document.
Waters
Inland, coastal and abroad; plan fairways, bridge clearances, draught and tides.
Equipment
Lifesaving gear, fire extinguisher, anchor, signalling equipment and correct navigation lights.
Cruising range
The agreed cruising range is stated in the policy and can be extended at any time.
Weather
Check wind force in Beaufort and wind direction before casting off, and allow for gusts.
General guidance, not a complete account;
what governs are the rules of the waters you are on and the manual of your Palmer Johnson.
Current wind force and direction for your waters are shown on the Home.
Series by Palmer Johnson, with value and cover
Palmer Johnson SuperSport 48 / 52 m is a motor yacht from Palmer Johnson (the USA),
built from 2005 to 2020,
and today changes hands at between €9,500,000 and €22,000,000.
Palmer Johnson classic 30 / 40 m is a motor yacht from Palmer Johnson (the USA),
built from 1980 to 2005,
and today changes hands at between €1,900,000 and €7,500,000.
For the Palmer Johnson SuperSport 48 / 52 m and Palmer Johnson classic 30 / 40 m by Palmer Johnson
series the market value and the replacement cost often differ widely.
An agreed value removes the age-based scale, and the figure in the policy stands.
For the Palmer Johnson SuperSport 48 / 52 m,
Palmer Johnson classic 30 / 40 m by Palmer Johnson series:
On motor yachts the drive and the electronics together make up about half the value.
Both belong in the valuation, otherwise the sum insured is too low.
Palmer Johnson insured in five minutes.
Boat type, year built, length and value of your Palmer Johnson are all we need.
Work out the premium online or call us: +49 3375 29 12 77.
