Common Mistakes to Avoid in Yacht Insurance Selection
Choosing the right yacht insurance can feel overwhelming, especially with so many options and coverage details to consider. Many boat owners make mistakes that later create stress, unexpected costs, or inadequate protection. When looking for the best yacht insurance, understanding common pitfalls can help you make confident decisions and enjoy smooth sailing. 1. Not Assessing Your Actual Coverage Needs One of the biggest mistakes is selecting a policy without truly understanding what you need. Every yacht has unique risks, depending on its size, age, cruising habits, and onboard equipment. A policy that seems inexpensive may leave you underinsured in critical areas. Tips to avoid this mistake: ● Evaluate your yacht’s value and included equipment. ● Consider potential liabilities in case of accidents. ● Check if the policy covers both inland and offshore saili...