Yacht Insurance Latent Defects

Physical damage and liability encompass the two major sections of a yacht insurance policy. The physical damage covers accidental loss or damage to the boat and its machinery. It covers the engine, hull, sails, and other equipment on board required for boat operation. The liability portion covers your legal obligations to third parties arising from bodily injury or loss of life, or damage to another’s property, as resulting from the ownership or operation of your boat. It also helps pay for your legal defense if you are sued for a liability covered under your yacht insurance policy.