Yacht Insurance

What Does Yacht Insurance Mean?

Yacht insurance is a type of policy that covers the cost of accidental loss or damage to yachts, specifically for pleasure boat owners. These policies offer both comprehensive coverage and third-party liability protection.

Insuranceopedia Explains Yacht Insurance

Typical yacht insurance policies cover the boat, machinery, theft, and damage. A unique feature of yacht insurance is its comprehensive coverage, which includes damages occurring at sea, while the yacht is moored, stored on land, or in transit.