A yacht policy is not a big boat policy — it’s a different contract. The hull is insured at an agreed value (no depreciation argument after a loss), the liability side is Protection & Indemnity built for real maritime exposures, and the details that decide a Florida claim — named-storm deductible, navigation territory, who’s allowed at the helm — are negotiated up front, not discovered after the storm.
What it covers
- Hull & machinery at agreed value — including the tender and dinghy
- Protection & Indemnity: bodily injury, property damage, and legal defense on the water
- Salvage, wreck removal, and fuel-spill liability
- Crew coverage where a paid captain or crew is aboard
- Uninsured-boater protection for you and your guests
- Personal effects, fishing gear, and electronics aboard
Who needs it
Owners of larger vessels — as a rule of thumb, roughly 27 feet and up — plus anyone with a lender (they’ll require it), a marina contract, or a paid captain or crew.
In Florida the policy lives and dies on the hurricane page: the named-storm deductible, whether a signed haul-out or storm plan is required, and where the boat sits June through November. We also set the navigation territory to match how you actually cruise — including the Bahamas if that’s on your calendar.