Our yacht insurance specialists recently attended the 2022 Miami International Boat Show.

If you weren’t able to attend, here are some of the highlights that we enjoyed:

Quick sale: Within the first hour, the Pathfinder 2700 Hybrid Bay Boat sold for just over $250,000 becoming one of many boats snapped up fast by eager boating enthusiasts. Pathfinder is known for its angler-driven design team, and they sure do know how to build an inshore fishing boat. 

Clean energy: It was interesting to see electric motors (no gas needed). One that caught our eye was the Yamaha Harmo Electric Outboard, a 48-volt electric motor (this is said to equal the thrust of a gas 9.9hp motor). 

Virtual economy: While the show’s vendors sell boats, yachts, accessories, and motors that are thoroughly modern, there was arguably nothing more futuristic at the 2022 Miami International Boat Show than the limited series of 100 megayacht NFTs. If you’ve never heard of an NFT (some of our yacht insurance specialists confess this was new information), it’s a non-fungible token used in the virtual economy. Each NFT has unique digital identifiers that cannot be replicated, copied, or divided. These digital assets are recorded on a blockchain, a virtual certificate of authenticity and ownership. The megayacht NFTs on sale offered superyacht options for the metaverse! (We have to ask: Do they need virtual yacht insurance for NFTs????)

Innovative accessory: If you’re looking for gift ideas for yourself or other boating friends, we were impressed with the handy and practical Ugowear Dry Pack. This completely waterproof dry pack is ideal for holding your phone, tablet, or other special items that you need to keep dry. They’ve been on the market for approximately seven years, and reviews were very positive.

The 2022 Miami International Boat Show was informative, engaging, and inspiring. It sure makes you want to get out on the water.

Are you getting ready for another season of recreational boating? Contact the insurance professionals at Global Marine Insurance for the most competitive boat and yacht insurance quotes from the top-ranked marine insurance carriers.