Yacht insurance typically covers a range of risks associated with owning and operating a yacht, including damage to the vessel, liability for injuries or damage to others, and loss or theft of personal belongings on board.

Range of Risks Associated with Yacht Insurance

The range of risks and specific coverage options available may vary depending on the insurer and the policy, but some common types of yacht insurance coverage include:

  1. Hull and machinery insurance: This type of coverage protects against damage to the yacht’s hull and machinery, such as engines and navigation equipment.
  2. Liability insurance: Liability coverage protects the yacht owner from claims arising from injury or damage to others or their property while using the yacht.
  3. Personal effects insurance: This type of coverage protects personal belongings on board, such as clothing, electronics, and other valuables.
  4. Crew insurance: This coverage provides protection for the yacht’s crew, including medical expenses and lost wages in the event of injury or illness.
  5. Offshore risk and delivery coverage: This type of coverage provides protection for the yacht during transport, such as when it is being delivered or moved offshore.
  6. Coastal cruising and international waters coverage: This coverage is designed to protect the yacht when it is in use in coastal or
  7. international waters, where different laws and risks may apply.

It’s important to carefully review the policy and understand the specific coverage options and limitations before purchasing yacht insurance, particularly if you have a mega-yacht or plan to operate in high-risk areas or international waters.

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