yacht insurance

Burned a couple of weeks comparing quotes on yacht insurance before spring launch. The first thing I learned: 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 eats the payout after a total loss. For an older hull, be ready for the insurer to ask for a recent survey. The hard part is the policy language, so this helped me sort it out: yacht insurance — it covers the main policy terms without the sales talk. Then check the navigation limits: going past the listed waters can get a claim denied. In hurricane country, the named storm deductible is often a percentage of hull value, not a flat amount. Don't skimp on liability either — wreck removal and guest injuries can cost more than the boat itself. Get at least three quotes and read the exclusions before you sign.