Sailboat Insurance – Special Considerations

Boat insurance is not just “insurance for boat” it is as varied as the types of water vessels covered, which is why sailboat insurance is very different than the insurance required for a commercial fishing boat or small powerboat. Marine insurance is designed to offer coverage based on the needs and risks of different vessels. […]

Boat Insurance: Matt Rutherford Solo Sailing

Annapolis-based explorer and sailor Matt Rutherford was honored for his incredible solo journey circumnavigating North and South America aboard a sailboat. At first glance his accomplishment seems daring but when you take into consideration the dangerous northern waterways, his lack of modern equipment (and probably boat insurance) and his relentless endurance it is truly awe inspiring and a little terrifying.

Sailing School – Sailboat Insurance

If you have a sailing school you need sailboat insurance and commercial marine insurance coverage to protect your investment and any other personal assets you and your family may have.

Global Marine Insurance: Living on Your Sailboat – Pros & Cons

Expenses are another area that demand careful consideration typically when you purchase a yacht financing will allow you to pay for it over a maximum of twenty years vs. thirty years for a home. If you are trying to stretch out your payments this could make your month-to-month living expenses higher than a home that’s the same price. On the other hand boat insurance rates are often lower than home insurance and it’s likely that the property tax will be lower as well. Of course you should plan for maintenance expenses and depending on the age of your boat they could vary significantly. Older boats may cost less to purchase but their maintenance costs can be significantly higher than a new boat.