yacht insurance

[yacht-insuranceDew]

Took me about two weeks shopping for yacht insurance before spring launch. Lesson one: a low premium usually means a pile of exclusions. Look at whether the hull is insured at agreed value or ACV — with ACV, depreciation eats your claim after a total loss. If the boat is older, be ready for a request for a fresh marine survey. Most of the confusion comes from the policy language, so I found a clear breakdown here: yacht-insurance.net — it covers the main policy terms without the sales talk. Then check the navigation limits: cruising outside them can get a claim denied. On the East Coast and the Gulf, 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 cost more than the boat itself. Get at least three quotes and read the exclusions before you sign.