When you are shopping for boat insurance, it is important to make sure you are purchasing the right kind of coverage — and enough coverage — to protect yourself. Boat accidents, even those involving smaller watercraft, can be expensive to resolve, and there is a number of potential risks, from vandalism, theft and lighting to fire, sinking and grounding. If you have an umbrella policy, you will need to make sure your yacht insurance policy includes the minimum coverage amounts specified to trigger the umbrella insurance.
Not all states require yacht owners to buy yacht insurance, however doing so is a smart move in any state. Just like liability insurance for your car, your yacht’s liability insurance is intended to protect you from personal liability in the event your yacht is involved in an accident that damages someone else’s property and/or causes injuries to others. The experienced insurance professionals at Hurley Agency will work closely with you to identify your coverage needs, and will shop a range of providers to find insurance policies that offer the protection you need, at a price you are comfortable with.