Owning a yacht is a large investment. Protecting it is a no-brainer. Your homeowners’ insurance won’t cover more than a kayak’s worth of damage. So the smart yacht owner purchases yacht insurance.
Yachts are designed to be piloted in water. Water involves different risks than land, and more of them. On land, you have to watch out for other drivers, pedestrians, animals, and weather. On the water, it’s other boat owners, swimmers, animals, weather, and water damage.
Living in Florida, you have the opportunity to sail your yacht in the Atlantic, the Gulf of Mexico, or the Caribbean. That equals a lot of opportunities for accidents, weather incidents, and water damage to ruin your relaxing day of sailing.
But how to ensure the proper amount of Florida yacht insurance?
Find an Insurer
Start with your dealer. Where did you buy your yacht? Many times, the yacht dealer will know good insurance companies who specialize in boat and yacht insurance. Then, call the agent, and get a quote.
Another way is to contact your homeowner’s policy insurer or your auto policy insurer. Either of those – if they are different insurance companies – will be able to quote you or send you to a company that can quote you. Some companies simply don’t deal with boat or yacht insurance.
Talk to other yacht owners. If they own a yacht, they’ve got insurance. Listen to their opinion on their insurance company. Ask questions, such as why they are with their insurer, or why they have a low opinion of their insurer. You don’t need a customer service nightmare when you need them to help you with a claim.
Do you belong to a yacht club? They may have some good leads on insurance agents specializing in yacht coverage. Don’t be afraid to ask for help.
Know Thy Coverage Level
Make sure you know what coverage and how much coverage you want from the get-go. And make sure you are comparing apples to apples when looking at the different rates. One company may be quoting a higher rate, but it includes value added services, such as towing. Or it could be the simple matter that the insurer has a minimum amount of coverage they quote on.
You’ve sunk a lot of money into purchasing and maintaining your yacht. Don’t let an accident or weather incident sink your investment. Get the right Florida yacht insurance coverage from YourFloridaInsuranceQuotes.com at the right price and make sure your investment is soundly anchored.