Why You Should Consider Purchasing Yacht Insurance

When you are planning a day on the water with your yacht, the last thing you want to think about is something potentially going wrong.  Unfortunately, incidents do happen and it is really important to be prepared for the worst.  If you own a yacht and you live in California, you should consider CA yacht insurance.

What is Protected Under a Typical Yacht Insurance Policy?

Yacht insurance provides protection that falls under two categories.  The first is physical damage.  This part of the policy covers your boat, its machinery, its sails, and any other equipment on board. If any of these things are damaged by an incident like an accident or a rough storm, this part of the insurance will prevent you from having to cover the damages out of pocket.

The other part of the policy covers liability.  This refers to legal obligations that can occur with third parties.  It applies when you cause damage to someone else’s property with your boat or injure/kill someone with your boat.  For example, let’s say you get into an accident with another boat and you seriously injure someone on that boat.  This person could sue you but the liability part of your yacht insurance will cover the legal costs.

Owning a yacht has many upsides but is not without risk.  Make sure you are protected and purchase yacht insurance today.

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