As the days grow longer and warmer, the call of the open water is hard to resist. But preparing for a new boating season involves more than just dusting off your vessel and glancing at your insurance policy. Here’s a comprehensive guide to ensure you’re fully ready...
You may have already started your Christmas shopping but winter doesn't officially begin until December 21st, if you want to go on another boating trip before the cold winter weather settles in then you should try visiting some great destinations. Before you travel,...
How do you decipher boat insurance quotes? No one wants to file a claim, but what's worse is filing a claim only to find out you purchased the wrong boat insurance policy. Here's our quick and easy guide to interpreting the basics of your boat insurance quotes: Third...
Due to this broad interpretation of the law charter boat owners need to carry two types of coverage. The first is Hull and Machinery, which includes the boat and its attached parts. The second is Protection and Indemnity (P&I), liability coverage. The reason for having Hull and Machinery coverage is to get your boat operational again and P&I insurance is for protect your assets if you are sued over an injury.
Similar to car auctions, you need to be fairly knowledgeable on the subject if you are to pick up the best deals. If you’re not, take someone along with you who knows what they are talking about. One of the biggest dangers is that you may not know the complete history of the vessel and unfortunately people that know their boat is going to be repossessed are more likely to ignore critical maintenance. You should consider getting a survey done on the boat in order to uncover any hidden damage. There is always the possibility, with used boats, that they are worth considerably less than what you pay or that the cost of repairs will outstrip the purchase price.
Thinking About Buying a Boat? Here's How to Make the Most of Your Sea Trial If you're seriously considering buying a boat or yacht, a sea trial isn't optional — it's essential. Seeing a vessel at the dock or in a showroom tells you almost nothing about how she...
When a bold thief scaled a marina’s security gate and targeted an 80-foot yacht in San Diego, other quick-thinking yacht owners prevented his escape. In the process, a few suffered injuries, and the yacht’s owner told reporters that the luxury cruiser sustained at least $50,000 in damages. The incident is a perfect example of why you review your yacht insurance coverage carefully for theft and third-party liability.
Securing Your Boat: Your Storm Season Checklist Storm season is a growing concern. Named storms are increasingly forming before the official June 1 start date, and warmer ocean temperatures mean the storms intensify faster. Bottom line: the cost of waiting has risen...
Owning a yacht is one of life's great privileges; it's an investment that pays dividends in experience. But protecting that investment takes more than good seamanship. It takes a disciplined maintenance routine, and regular inspections are at the heart of it. Here's...
Most boat damage isn't the dramatic stuff — no collisions, no capsizing. It's the slow, steady grind of sitting in the water too long. Our insurance specialists hear about it all the time: * Algae growth * Barnacles * Hull blisters * Salt corrosion * Bumping the dock...
