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yacht insurance
Burned a couple of weeks comparing quotes on yacht insurance before the season. Lesson one: the cheapest quote often hides gaps in coverage. Look at whether the hull is insured at agreed value or ACV — with ACV, depreciation cuts your claim after a total loss. If the boat is older, expect the insurer to ask for a recent survey. Most of the confusion comes from the policy language, so this helped me sort it out: yacht insurance — it lays out the main policy terms in plain English. Then check the navigation limits: cruising outside them can leave you uncovered. In hurricane country, the named storm deductible is often a percentage of hull value, not a flat amount. Pay attention to liability limits — wreck removal and damage to other boats can exceed the value of the boat itself. Compare two or three carriers and go through the exclusions before you pay. |
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