| A yacht insurance coverage is dependent on the | | | | while in your yacht, or near its premises. |
| policy of the insurance provider. A provider may have | | | | * Personal Property Coverage |
| a better or less comprehensive yacht insurance | | | | Other yacht insurance policies also protect your |
| policy. Here are some yacht insurance coverages that | | | | equipment or personal belongings that are in your |
| you may want to keep in mind when buying your | | | | yacht. Some yacht insurance provides coverage for |
| own yacht insurance: | | | | the loss of fishing equipment, vessels, clothings. |
| * All Risk Coverage | | | | However, yacht insurance does not cover valuables |
| This type of yacht insurance coverage indemnifies | | | | such as money, jewelry or important documents. |
| you for any loss or "Peril of the Sea" that is not | | | | * Towing |
| excluded. | | | | Yacht insurance policies also include towing coverage. |
| * Agreed Value | | | | This means that commercial towing services shall be |
| Before signing up a yacht insurance policy, the value | | | | available should your yacht becomes disabled in the |
| of your yacht is agreed upon. In the event of total | | | | middle of the sea and requires assistance to go back |
| loss, you are paid the agreed amount without | | | | to safe harbor. |
| deducting depreciation value of your yacht. | | | | Though yacht insurance policies cover many of your |
| * Protection and Indemnity | | | | concerns as a yacht owner, there are also other |
| Some yacht insurance coverage provides protection | | | | exclusions in their policies. Some of which are: |
| should you get sued for causing damage to | | | | * Damages due to illegal, fraudulent or intentional acts |
| properties, people or even the environment. | | | | by the insured |
| * Medical Coverage | | | | * Damages caused by war, seizures or nuclear |
| A good yacht insurance pays for the medical | | | | radiation. |
| expenses whenever someone gets hurt or injured | | | | |