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Spent a couple of weeks shopping for yacht insurance before spring launch. Lesson one: a low premium usually hides gaps in coverage. Check 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: [url=https://yacht-insurance.net]https://yacht-insurance.net[/url] it lays out the main policy terms without the sales talk. Then check the navigation limits: cruising outside them can leave you uncovered. In hurricane country, the named storm deductible is usually a percentage of hull value, not a flat amount. Pay attention to liability limits wreck removal and guest injuries can cost more than the boat itself. Get at least three quotes and go through the exclusions before you sign. |
