yacht insuranceThere are many more yachts coming off the assembly line these days to match the enthusiastic boating desires of many wealthy people, thousands of them docking off the coasts all around Florida.

Just as their expensive cars need insurance, so too do their boats and that is why there is special yacht insurance that covers everything from accidents to theft, and yes, people do steal yachts. It’s not easy, but it is done.

There are also special yacht policies that cover acts of nature like hurricanes, water swells that could crash a yacht into a dock or wind, rain and hail damage. Most of these types of damage coverage costs extra but are worth it if they are needed.