yacht-insurancesem

Burned about two weeks comparing quotes on coverage for our boat before the season. The first thing I learned: a low premium usually means a pile of exclusions. Check whether the hull is insured at agreed value or ACV — with ACV, depreciation eats the payout after a total loss. For an older hull, expect a request for a fresh marine survey. Most of the confusion comes from the policy wording, 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. On the East Coast and the Gulf, the named storm deductible is often a percentage of hull value, not a flat amount. Don't skimp on liability either — wreck removal and damage to other boats can cost more than the boat itself. Compare two or three carriers and go through the exclusions before you sign.