Yacht insurance is a specific type of marine insurance that provides coverage for yachts and other luxury watercraft. This type of insurance typically offers protection against damage, theft, liability, and other risks associated with boating.
Yacht insurance policies can vary widely in terms of coverage and cost, depending on factors such as the type, size, and value of the vessel. Some policies may also offer additional options such as personal possessions coverage, crew coverage, and emergency assistance services.
Overall, yacht insurance is an important consideration for anyone who owns a high-value watercraft and wants to protect themselves and their investment against potential financial losses.