Travelers Launches Quantum Yacht 2.0℠
The Travelers Companies, Inc., a leading provider of property and casualty insurance in the United States, has announced the launch of Quantum Yacht 2.0℠, a significant enhancement to its existing yacht insurance offering. This new iteration delivers a blend of personalized coverage options and a streamlined quoting experience aimed at both yacht owners and insurance agents. With this release, Travelers is reinforcing its commitment to meeting the evolving needs of customers while equipping agents with advanced tools to drive business growth.
As consumer expectations evolve, personalization and ease of access have become critical factors in the insurance decision-making process. Quantum Yacht 2.0 addresses both of these demands by delivering greater flexibility in coverage design and by simplifying the quoting and policy issuance experience through an upgraded digital platform.
Meeting the Unique Needs of Yacht Owners
At its core, Quantum Yacht 2.0 is designed to provide comprehensive and customizable coverage for yachts, defined by Travelers as watercraft measuring 27 feet or longer. These vessels represent a significant investment for their owners and come with unique risks that require tailored protection.
“The refreshed Quantum Yacht 2.0 is designed specifically with yacht owners in mind, offering comprehensive and customizable coverage options tailored to help meet each customer’s unique needs and budget,” said Deidre LeBlanc, Vice President of Specialty Lines for Personal Insurance at Travelers. “The easy-to-use quote and issue system also makes this a seamless experience for agents, providing them with even more tools to grow their business and enhance customer relationships.”
This level of personalization ensures that customers are not overpaying for coverage they don’t need, while also making sure they are not left exposed in areas that matter most. Yacht ownership can involve a wide range of risk scenarios—from severe weather events and mechanical failures to property damage and liability claims—making customizable insurance more critical than ever.
What the Base Policy Covers
Travelers’ base yacht insurance policy under Quantum Yacht 2.0 includes a broad range of coverage elements designed to address both common and uncommon risks faced by yacht owners. These standard protections include:
- Salvage and Wreck Removal: Coverage for the cost of removing a damaged or sunken yacht, which can be extensive depending on the circumstances.
- Uninsured/Underinsured Boaters: Protection against damages caused by another boater who lacks adequate insurance coverage.
- Personal Property: Coverage for personal belongings stored on the yacht, such as electronics, clothing, and other gear.
- Medical Payments: Coverage for medical expenses incurred due to accidents on board the yacht.
- Emergency Towing Reimbursement: Reimbursement for towing costs in the event the yacht becomes disabled on the water.
- Fuel Spills: Coverage for pollution liability associated with accidental fuel spills—a crucial feature given environmental regulations.
- Dinghy Coverage: Protection for smaller boats or tenders used in conjunction with the main vessel.
By offering a strong suite of standard protections, Travelers ensures that even its baseline policy delivers robust value.
Enhanced Coverage Flexibility
In addition to its solid base policy, Quantum Yacht 2.0 introduces several enhancements and optional features that allow yacht owners to further tailor their coverage:
1. Loss Settlement Options
Travelers offers two primary settlement methods for qualifying customers:
- Agreed Value: This option allows the yacht owner and insurer to agree upon a value for the yacht at the time the policy is issued. In the event of a total loss, the policyholder receives this agreed-upon amount, without depreciation.
- Actual Cash Value: This more traditional option considers depreciation, with payouts based on the vessel’s market value at the time of loss.
Offering both options gives customers more control over how they want their yacht valued and how much they are willing to pay in premiums.
2. Optional Towing Services – TravAssist Boatside® Towing
Recognizing the potential inconvenience and hazard of being stranded at sea, Travelers includes the option to add TravAssist Boatside® Towing, an endorsement that provides emergency towing services while afloat. This feature brings peace of mind to boaters, knowing that help is just a call away.
3. Expert Marine Support
Policyholders gain access to Travelers’ team of marine underwriting and claims specialists—professionals who understand the intricacies of marine insurance and provide dedicated service in the event of a claim or policy inquiry. This expert-level support can be particularly valuable during emergencies, complex claims, or when unique risk factors need to be assessed.
Incentives and Discounts
To help make comprehensive yacht coverage more affordable, Quantum Yacht 2.0 includes several discount opportunities, encouraging safe and responsible ownership while rewarding customer loyalty. Potential savings are available through:
- Paid in Full: Customers who pay their premium in a single installment may receive a discount.
- Multi-Policy Discount: Bundling yacht insurance with other Travelers policies, such as homeowners or auto, can lead to additional savings.
- Loss-Free Discount: Policyholders with no recent claims may qualify for reduced rates.
- Safety Education Discounts: Completion of approved safety training courses or programs can lead to additional policy savings.
These incentives not only make the product more cost-effective but also promote safe boating habits and long-term client retention.
Availability and Rollout Plans
As of the initial launch, Quantum Yacht 2.0 is available in the following states:
- Connecticut
- Georgia
- Illinois
- Maine
- Maryland
- Massachusetts
- New Hampshire
- New Jersey
- New York
- Virginia
Travelers has stated that additional states will be added in the coming months, signaling a phased national rollout. This staggered approach allows the company to fine-tune the platform and ensure optimal service delivery before expanding into other markets.
Empowering Agents and Enhancing the Customer Journey
In addition to the policy enhancements, one of the most significant upgrades in Quantum Yacht 2.0 is the redesigned digital quoting and policy issuance platform, which has been built with ease-of-use in mind. This modernized interface is not only user-friendly for insurance agents but also significantly reduces the time needed to generate a quote and issue a policy.
By simplifying the quoting process and introducing more self-service capabilities, Travelers is enabling its network of independent agents to focus more on consultative selling and client engagement rather than administrative tasks. This aligns with industry trends, where ease of doing business and digital agility are seen as major differentiators.
With Quantum Yacht 2.0℠, Travelers is reaffirming its position as a forward-thinking provider in the marine insurance space. By combining tailored coverage, cutting-edge technology, and value-added services, the company is delivering a product that not only meets but exceeds the expectations of modern yacht owners and insurance agents alike.
Whether for a seasoned mariner or a new yacht owner entering the market, Quantum Yacht 2.0 offers a smart, flexible, and reliable solution for safeguarding one of life’s most luxurious investments.
As availability expands and more yacht owners gain access to this revamped product, Travelers appears well-positioned to grow its share in the specialized marine insurance segment—driven by innovation, customer focus, and operational excellence.