Into cruising yachts or racing yachts? There are hundreds of manufacturers of yachts across the world and owners need to ensure their new purchases are covered and fully insured for any situation or for any outcome twenty four hours a day with the correct yacht insurance to serve their needs.

Any yacht insurance quote should cover the essentials and that specific model and type of yacht, whether an Arcona, Sonata or Sigma, under 23 feet or over, worth less than £40,000 or more, require cover for Scandinavia and Europe or the Mediterranean or Pacific and further afield.

It’s important to understand what can be covered by the different yacht insurance polices from various insurers and brokers and what is also exempt. A yacht is an expensive purchase and hobby and the insurance needs to match the value of what could be lost, both the yacht itself and accessories but also any liabilities that could ensue in the event of an accident.

Yacht Insurance Cover

The types of cover you can expect from yacht insurance are; for the sporting types never fear, you can request additional cover for yachts that will be racing; all year round cover whether docked at Marina, on dry land or in the open ocean.

Coverage is usually restricted to a particular area, however such is the life of a yachtsman there should be an option to extend cruising range at short notice, make sure insurer can offer worldwide cover when taking it out.

Yacht Insurance Exclusion

The usual watercraft and boat exclusions pertain to yacht insurance as well, wear and tear, corrosion, acts of God damage on easily damaged parts and accessories that don’t mean huge costly replacements to the yacht itself. If you do plan or think you may require racing cover at any point in time, check before taking part as racing without the additional cover may see your policy become void.