Yacht and marine insurance policies are as diverse as the risk factors – considerations include anything from the value, age and type of vessel to whether it is sailed inside UK shores or used for global travel.
Owners of high-value yachts may want to place greater emphasis on piracy, kidnap, ransom, and theft risks if they are crossing international waters, while third-party liability will be an important priority with the higher accident risk associated with powerboats. In the same vein classic yachts and boats present their own insurance issues with variability in condition and restoration costs. Contact us for more information.
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