Boat Insurance Quote Yacht …
Filed under: Boat Insurance
Yacht insurance generally covers any watercraft that is around 26 feet. Typically larger sailboats, cruisers, and fishing boats fit under the Boat Insurance Quote‘s yacht category. Yacht insurance is a lot like boat insurance and it has two main types of coverage. Instead of being called property damage and liability, they are called hull coverage and property and indemnity coverage. Hull Coverage If your yacht is damaged due to a fire, theft, windstorm, lightning or vandalism hull coverage will pay to repair it. Hull coverage generally will cover the whole yacht. Sails, furniture, outboard motors, and anything used to operate the yacht will be covered. Even dinghies and trailers may be covered under separate policies. Protection and indemnity coverage Protection and indemnity coverage is the same as liability for boat insurance, and pays for damage to property or injury to someone other than yourself or a family member. Just like boat liability insurance yacht insurance is usually offered in $100,000 up to more than $1 million. Hurricane Coverage If a hurricane is approaching a yacht owner can usually buy a hurricane protection endorsement. It basically pays to take your yacht out of the water if a hurricane watch or warning is issued. It also would pay to cover the costs of hiring a professional to get your boat to a safe harbor because of a threatening hurricane approaching. Navigational Warranties A navigational warranty restricts a yacht to a certain area. If your yacht is in the region then it’s covered. The region can cover the entire East or West Coast or as small as a Bay. If you would like to plan a trip outside of your navigational warranty area, trip endorsement may be purchased temporarily.
Posted on September 27th, 2011 by admin
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