A yacht insurance policy have many differences than the average boat policy. (You have to consider a captain and crew.) You have to make sure you are covered for proper liability and should consider extended days at sea and exotic ports of call. From Investopedia:

“Yacht insurance is an insurance policy that provides indemnity liability coverage on pleasure boats. It includes liability for bodily injury or damage to the property of others and damage to personal property on the boat. Depending on the insurance provider, this insurance could also include gas delivery, towing and assistance if your boat gets stranded.

A yacht insurance deductible, the amount of money you must pay out of your own pocket before your insurance kicks in, is usually a percentage of the insured value, for instance a 1 percent deductible means a boat insured for $100,000 would have a $1,000 deductible. Most lenders allow a maximum deductible of 2 percent of the insured value.

Generally, most yacht insurance policies exclude wear and tear, gradual deterioration, marine life, marring, denting, scratching, animal damage, osmosis, blistering, electrolysis, manufacturer’s defects, defects in design, and ice and freezing.

There are only a few agents in Florida that can insure your Yacht property for you. You need an agency with the knowledge and the right insurance companies behind them. We have been insuring some of the biggest and most expensive yachts in Florida for the last 20 years.

We offer polices that will cover you and your giant accomplishment. You need an agency with experience on total yacht coverage.

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