Definition - 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.
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.
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