[yacht-insuranceElalp]

Spent about two weeks comparing quotes on coverage for our boat before spring launch. Lesson one: a low premium usually hides gaps in coverage. Check agreed value vs actual cash value — on an ACV policy, depreciation eats the payout after a total loss. For an older hull, expect the insurer to ask for a recent survey. Most of the confusion comes from the policy wording, so a good starting point is yacht-insurance.net — it covers the main policy terms without the sales talk. Also read the navigation limits carefully: cruising outside them can leave you uncovered. In hurricane country, the named storm deductible is often a percentage of hull value, not a flat amount. Don't skimp on liability either — wreck removal and damage to other boats can exceed the value of the boat itself. Compare two or three carriers and go through the exclusions before you sign.