Accidents happen and it’s crucial that you keep that in mind when it comes to your yacht. Yacht specialty insurance can help mitigate some of the risks. When it comes to protection for your yacht, it’s crucial that you understand what risks affect you. Mariners Insurance programs explain how different yachts may require different policies or higher limits. Many yachts face similar risks, however. Here are the two most common coverages that you will encounter.
Incidents can happen anywhere. It is better if you have coverage in case there are collisions or other problems on board. If you wind up liable for something that happens onboard, it can end up costing you more than you can afford.
Personal Injury Coverage
No matter how safe you are, you should never rule out the possibility of injuries taking place on your yacht. When you are out on the water, anything can happen. It is better for you to have coverage in case anyone suffers injuries while aboard your vessel. Otherwise, you could pay a lot.
When it comes to your yacht, you do not want to take any unnecessary risks without the right coverage. Yacht insurance takes the special risks that yachts face into consideration. It is always better to have protection at sea.