There’s more to insuring your yacht than you might realize, but a good insurer can help find the policy that’s right for you. Take the coverage that protects the boat itself against damage, theft, fire and other risks. You can pay a higher premium and have a guaranteed payout amount if you make a claim, or pay a lower premium for a cash value policy where the payout amount is based on the market price when you make the claim.

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Liability is also a key part of yacht insurance. Make sure you’re covered against damage to other people’s yachts in a collision, along with injury and personal property damage to passengers on your yacht and other people’s watercraft. Also, be sure that your policy covers any clean-up costs you might have to pay according to current laws and regulations.

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Make sure to ask about features that may be optional extras, such as towing costs if your yacht breaks down on a trip, coverage against collisions caused by uninsured boaters or costs if you need to move your boat because of a hurricane warning.

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To make sure you get the right yacht insurance, contact us today for more details.