Advertisement

Yacht Insurance

Last updated: March 29, 2017

What Does Yacht Insurance Mean?

Yacht insurance is a type of insurance policy that indemnifies the cost of accidental loss or damage to yachts or pleasure boat owners. Yacht insurance policies provide comprehensive and third party liability insurance protection.

Advertisement

Insuranceopedia Explains Yacht Insurance

Typical yacht insurance policies cover the boat, machinery, theft, and damage. One unique aspect of yacht insurance is that coverage covers damages that occur at sea, while the yacht is moored, while it is kept on land, or while it is in transit.

Advertisement

Share this Term

  • Facebook
  • LinkedIn
  • Twitter

Related Reading

Tags

InsurancePersonal PropertyTravel InsurancePersonal LinesPersonal

Trending Articles

Go back to top