Yacht insurance is not just a luxury, but a necessity for any yacht owner. With the rising cost of yachts and the increasing risk of accidents or damage, it's essential to have adequate coverage to protect your investment.
In fact, many lenders require yacht insurance as a condition of financing, so even if you're not planning on selling your yacht anytime soon, having insurance can be a requirement for maintaining ownership.
Yacht insurance typically covers damage to your vessel, including accidental damage, theft, and vandalism. It also provides liability coverage in case someone gets injured while on board.
Some policies may also cover personal effects, such as jewelry or electronics, that are stored on the yacht.
A close-up shot of a yacht's interior
It's easy to get complacent when it comes to yacht insurance, but accidents can happen at any time. A single mistake or unexpected event could leave you with a massive financial burden.
Don't risk losing your investment; make sure you have the right coverage in place to protect yourself and your loved ones.
A dramatic image of a yacht in distress