Choose The Right Insurance For Your Yacht
By United Yacht | May 9, 2008
Author: Casey Yew
If you are out on the water, then you are there to relax. There is nothing like yachting to blow your cares away and allow you to get a little closer to absolute bliss. Unfortunately, there is nothing like a yachting accident to bring all of those worries and cares to the forefront of your mind, and add to them as well. yachting insurance is supposed to make your time on the water less stressful and any accidents that you might suffer less impactful on your life.
A good yachting insurance policy covers liability, collision, and damage by vandalism. The coverage itself will vary with the type of watercraft that you own and operate, but all of the policies are intended to help you get underway without fear.
Protection of your yacht usually covers damage to the hull, sails, machinery, furniture, and most other equipment that is used in the normal operation of your yacht. If your docking procedure is short a buoy or two and your hull is a casualty, your insurance company will cover the damages.
Your insurance company should also cover the damages to the dock itself resulting from you collision with it, or to any other yachts that you may have collided with. Most policies also cover vandalism to your yacht, malicious mischief, and often even damages resulting from latent defects of workmanship.
Your yacht insurance policy should also cover liability losses (like that dock that you bumped earlier) as well as bodily injury or death of another person as a result of your negligent operation of the yacht. The insurance policy will also cover your guests or family’s medical expenses if they are injured while on your yacht, or while boarding it or disembarking.
Don’t forget to check to make sure that your trailer is also covered by your yacht insurance policy, since damage to your trailer can be both expensive and extremely inconvenient. Loss of the trailer should also be covered, as it does no one any good on the bottom of the lake, damaged or not.
If you own a shipyard or use your yacht for business purposes, then any non-crewmen working on your yacht are covered as well. This includes mechanics, carpenters or painters and cleaners who are working on your yacht. If any of these people sustains injury, then their medical expenses are covered by your yachting policy. Crewmen injured aboard your yacht should be covered under the federal Longshore and Harbor Workers’ Compensation Act.
If you are a believer in the saying “better safe than sorry”, then you will probably be interested in insuring your yacht against the little extras that might come along. Extra insurance can be purchased to insure your yacht against uninsured yachters who might damage your watercraft.
If you are an avid fisher, or if you like to bring a few little extras along with you on long yachting trips, then you might want to find a policy that will allow you coverage of these things. With many policies, you can add coverage to insure your personal property, and even your fishing equipment against damage or loss.
Topics: About United Yacht, United Yacht, United Yacht Sales |
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