After Hurricane Sandy hit in late October 2012 the immediate news coverage talked about the record damage to the boating industry, with losses and insurance claims for US recreational boats alone amounting to more than $650 million.
Recent news stories are tallying the cost and time involved in cleaning up the coast, which is taking much longer than anticipated.
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...
