New Yachts & Yacht Insurance
You might think that owning a yacht is a luxury reserved for the rich and famous, and therefore, yacht insurance is not a concern for you. Many boat owners who believe this are mistaken. In fact, according to the United States Coast Guard, a yacht is defined as a sailing vessel, which exceeds 26 feet in length. If your new boat is categorized as a yacht, you will want to contact an experienced boat insurance company like Global Marine Insurance to purchase adequate insurance.
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.
People Buy Boat Insurance but Don’t Wear Life Jackets
Every boater knows that safety is of the utmost importance. It is necessary not only to protect the lives and wellbeing of those on board the boat, but also to protect the owner’s investment in the boat and equipment itself. As such, responsible vessel owners purchase boat insurance to provide financial protection against injury and damage, and also insist that their passengers follow basic safety rules while on board. Despite these factors, however, a staggering number of individuals participate in boating and other water sports without wearing their life jackets.
Insurance for Boat
At Global Marine Insurance we specialize in providing the best insurance coverage for all types of boats and marine related businesses. Our clients can rely on our knowledgeable insurance agents to understand their needs and provide them with quick quotes for the best value in insurance coverage. The comprehensive coverage and extensive service that we offer is far more than just a general policy that includes “insurance for boat”.
Insurance for Boat – Boating is a Big Industry
Boating is not just a hobby; it is a way of life. Maritime enthusiasts take their activities seriously. The boat and required equipment represent a huge financial investment, and the activities that take place on a boat represent a huge safety risk. All of these things add up to necessitate the purchase of adequate insurance for boats of all types.
Boat Insurance & Boating Accident – What to Do
Your boat insurance company should be there to help you with any insurance claims following an accident. But what are the things you need to know in the moments immediately after an accident on the water? What actions you take during the time of crisis can have a huge impact on the outcome of the […]
Boat Insurance Company – Safety Tips for Boating After Dark
As an industry leader in yacht insurance and other marine insurance coverage, our boat insurance company always strives to promote boat safety and responsible boating. Did you know the risk of accident greatly increases after sunset?
Insurance for Boat Invalid if Your Intoxicated
Insurance for boat enthusiasts will be affected for any boaters charged with Boating Under the Influence (BUI) or Boating While Intoxicated (BWI). Each state has a law against mixing alcohol with boating.
Boat Insurance Coverage & Storm Preparation
What does boat insurance coverage and securing your boat have to do with each other? Not only does being prepared for an emergency situation can save your boat from damage during a storm. Taking steps to protect your boat from a hurricane, major storm or flooding can also ensure you don’t compromise your boat insurance […]
Yacht Insurance, Not Just “Insurance for Boat”
Yachts and larger vessels require a different insurance for boats than smaller pleasure crafts, larger vessels have unique needs to be taken into consideration. While ski boats, fishing boats and pontoons are used for leisure activities, there is no comparison between them and yachts. Proper yacht insurance coverage is important to insure yachts locally and […]