West Palm Beach Yacht Insurance Company
Traveling comfortably along the coast is a luxury experience in a yacht. To fully enjoy all your time at sea, you should also have an insurance policy that covers your vessel and crewmembers against any unexpected situation. Whether you already have coverage or are looking for a better option in West Palm Beach, our team can provide the guidance you need.
Florida Yacht Insurance Requirements
Although the State of Florida does not mandate that yacht owners need to maintain insurance, there are a number of businesses that extend certain requirements involving yacht insurance. For example, if you choose to take a loan for financing your yacht purchase, the majority of lenders will require you to keep active yacht insurance throughout the term of the loan. Additionally, many marinas around West Palm Beach require insurance in order to moor your yacht with them. Even if you experience these requirements for yacht insurance, purchasing a policy guarantees protection for you and anyone on your yacht, making every moment safer and more enjoyable for everyone involved.
What Does Our Insurance Cover?
At Florida Marine Insurance, our yacht insurance plans provide coverage for the following and more:
- Equipment Insurance – This covers yacht repairs resulting from physical damage sustained on land and in the water. This policy covers yacht machinery and the vessel's hull.
- Protection and indemnity – This liability coverage protects against injuries and property damage you may cause other passengers and people through a yachting accident.
- Yacht Crew Health Insurance – This coverage extends to all workers aboard your vessel.
- Towing and Labor – If your boat breaks down, this item covers costs from towing, labor, and delivery of fuel, oil or a battery to your yacht.
- Uninsured boaters' liability – Boat liability coverage is not mandatory; hence, some yacht owners will not have any. Uninsured boaters' liability compensates you for injuries sustained resulting from another boater without liability coverage.
Get Your Quote Today
If you are interested in finding the right yacht coverage in West Palm Beach, contact Florida Marine Insurance. We have offered assistance with selecting industry-leading yacht insurance for more than 35 years. Our professionals will help you design a custom plan that fits your needs. Contact our team today to request a free, no-obligation price quote and get started.
