The strength of the Falvey Yacht Insurance offering grew out of a common passion for yachting. Our team is comprised of yachting and sailing specialists, and we believe in providing the level of service excellence and depth of coverage that we would want for ourselves. Founded in 2010, Falvey Yachts’ guiding principle has always been to provide a specialized insurance product from an insider’s perspective; a product that suits the unique needs and stipulations of the incredible variety of vessel classes, constructions, and specifications available to mariners worldwide.
We observed an industry moving away from the unique needs of the yachting community by increasingly automating and standardizing the insurance process, replacing underwriting with “black box” computer algorithms and “one-size-fits-all” policies. We believe that the Yachting industry and lifestyle defies such generalist approach and that to be truly effective, you have to be specialized—which is why Falvey Yachts offers coverage specifically designed for key segments of the recreational and charter Yacht market. We take this one step further, by extending our specialized and proven service offering into our loss prevention and claims handling expertise.
We believe in making an active contribution to the yachting communities in which we operate, in order to improve our product and offering. In addition to offering a physical presence in every major yachting center in the US, our investment in building and maintaining personal relationships at all levels of the vessel supply chain, as well as with key operational stakeholders, enables Falvey Yachts to provide an unparalleled depth of experience and industry knowledge to our customers and broker partners. Falvey Yachts is a proud supporter and contributing member of local yachting organizations and associations to better engage with the communities in which we operate.
Falvey Insurance Group—Falvey Yacht Insurance’s parent company—has been voted as a “Best Place to Work in Rhode Island,” four years in a row by our employees, as well as a winner of the “Best Places to Work in Insurance” award from Business Insurance every year since 2010. Our employees’ unwavering dedication and commitment to personal and professional excellence is represented in our work every day.