Mega Storms Impact Boat Insurance Costs

Boat Insurance Costs – Mega Storm Impact One of the biggest – and perhaps most important – decisions that you will make with regard to your boat is to obtain a comprehensive insurance policy. Since several mega storms have occurred in the past few years, insurance costs have gone up. It is important to have […]

Global Marine Insurance: Charter Boat Insurance

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.