In addition to being fun, yachts are also costly assets. That’s why it’s important to have insurance coverage in place to protect your investment. With dependable yacht insurance, you will be able to enjoy your time on the water with the peace of mind that comes knowing that your luxury boat is protected from any unexpected accidents. Keep reading to learn more!
What Is Yacht Insurance?
Yacht insurance is similar to other types of insurance you use to protect valuable assets. Think, for example of car insurance or home insurance, but geared toward protecting your yacht.
This is a specialized insurance policy that provides coverage against any damage or loss incurred while sailing, anchoring, or even while in storage.
As you shop around for yacht insurance, remember that not all policies are the same, so take the time to carefully review your options to ensure that you choose a policy that meets your needs and covers all potential risks.
What Does Yacht Insurance Cover?
Yacht insurance policies typically cover a wide range of risks including:
- Hull damage
- Liability coverage
- Personal property coverage
- Uninsured watercraft coverage
The most common type of coverage is hull coverage, which covers any physical damage to the yacht itself caused by accidents, storms, or malicious acts.
Liability coverage, on the other hand, covers any damages caused by the yacht to third-party property or injuries sustained by third parties while on board. This includes any accidents or injuries caused by you, the owner, or anyone operating the yacht on your behalf.
Personal property coverage, as the name suggests, covers your personal belongings that are onboard, such as electronics, furniture, and clothing.
It’s important to note that the cost of yacht insurance can vary depending on the value of your vessel. Be sure to contact our insurance experts to get personalized information about coverage and costs.
Wrapping It Up
Owning a yacht is an exciting experience, but it’s important to have the right insurance coverage to protect your investment.
By choosing a reputable provider and understanding your policy’s coverage, you can make the insurance decision that makes sense for you.
At Carter Bradley, our specialty is to provide customized insurance policies to safeguards the people and things that matter most to you. Contact our yacht insurance experts today to learn more about your coverage options and get a personalized quote.
Need Yacht Insurance? Carter Bradley Insurance Solutions Can Help
At Carter Bradley, our team is solely focused on your unique needs to find the best prices and coverage you require for your business, home, auto and life insurance..
We are located in Corona, California. Contact us today by email at info@carterbradleyinsurance.com, by phone at (951) 547-4240, or through our social media accounts on Facebook, Twitter, and LinkedIn.
