| Just to make sure that you have covered all the | | | | Study the insurance policy closely and check if the |
| necessary details in buying your yacht insurance or | | | | means of transportation like your trailer is covered by |
| boat insurance, below are the top 10 helpful | | | | the boat insurance or yacht insurance policy. Check |
| questions you may ask the boat insurance and yacht | | | | also if your policy will cover damages caused by |
| insurance providers before you finally sign up with | | | | natural disasters like hurricanes, tsunamis and tropical |
| them: | | | | storms. |
| 1. What is the degree of coverage to the guests | | | | 6. Is the boat insurance or yacht insurance provider |
| sailing in my boat? | | | | flexible enough to make a "custom made" policy? |
| Different boat insurance and yacht insurance policies | | | | Know how much your insurance provider is willing to |
| have different degree of coverage for your | | | | extend just to meet your personal needs. Prepare |
| passengers. There are those that differentiate | | | | your own insurance package and check out which |
| passengers and crews. Opt for the boat insurance or | | | | yacht insurance or boat insurance provider can |
| yacht insurance policy that gives same coverage to | | | | accommodate your requirements. |
| the entire people on board your boat. | | | | 7. Is your yacht/boat covered should a disaster strike |
| 2. How much of the equipment in my boat/yacht is | | | | while it is anchored or in a dock? |
| covered by this boat insurance or yacht insurance | | | | There are boat insurance and yacht insurance |
| policy? | | | | providers that include in their policy coverage of the |
| Know carefully what equipment and items in your | | | | damages incurred while your boat/yacht is not sailing. |
| boat are covered by the insurance policy. This will | | | | This coverage is dependent on the location of the |
| help you save a good amount of money, especially if | | | | insurance provider. Some boat insurance and yacht |
| you have a simple boat like a dinghy, or can help you | | | | insurance providers also offer seasonal limits for this |
| from losing much of your investment if you have a | | | | type of coverage. |
| luxury yacht. | | | | 8. Does your boat insurance or yacht insurance policy |
| 3. Is there a "new for old" cover in your boat | | | | offer legal protection? |
| insurance or yacht insurance policy? | | | | Opt for an insurance policy that offers a thorough |
| This means that your insurance provider will fully | | | | legal protection. This helps you get claims should boat |
| cover and pay the damaged piece of your yacht | | | | collisions and accidents leave the people in it injured. |
| boat while other may only pay the depreciated value | | | | 9. Does your insurance policy offer third-party liability? |
| or second hand value of the equipment. | | | | Having a third-party liability means that your boat |
| 4. Is there a damage limit in your yacht insurance or | | | | insurance or yacht insurance provider will cover the |
| boat insurance policy? | | | | damages your boat/yacht may cause on other |
| Before you sign up with a boat insurance or yacht | | | | watercrafts. Good insurance providers offer this |
| insurance provider, make sure that their policy does | | | | coverage. |
| not impose a damage limit to your yacht/boat. There | | | | 10. What is the extent of coverage when you sail in |
| are other insurance providers that set a ceiling for | | | | foreign countries? |
| the amount of damage cost incurred by your yacht | | | | Different countries have different sailing regulations. If |
| or boat. This means that you will have to pay for all | | | | you plan to do a cruise, make sure that you are |
| the damages incurred that is above the ceiling the | | | | aware of the coverage of your boat insurance or |
| boat insurance or yacht insurance provider imposed. | | | | yacht insurance policy before you sail in foreign |
| 5. What are the damages covered by the insurance | | | | countries. |
| policy? | | | | |