yacht insurance

Spent about two weeks comparing quotes on coverage for our boat before the season. Lesson one: a low premium usually hides a pile of exclusions. Check whether the hull is insured at agreed value or ACV — on an ACV policy, 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 wording, so this helped me sort it out: yacht insurance — it covers the main coverage options in plain English. Also read the navigation limits carefully: going past the listed waters can leave you uncovered. On the East Coast and the Gulf, the named storm deductible is usually a percentage of hull value, not a flat amount. Don’t skimp on liability either — wreck removal and guest injuries can exceed the value of the boat itself. Get at least three quotes and read the exclusions before you sign.