Eight Top Tips on Yacht Insurance

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9:04 PM Sat 11 Dec 2010 GMT

'...but how’’s your insurance?' .

Sailing into the sunset will be a happier experience if you have insured well. Insuring your new yacht is not much different from buying car insurance, and the same common sense principles apply. However, there are a few notable exceptions, so here are some issues to consider: 1. Reliability of the insurance company for payouts: Ask other yacht owners about their claim history and receipt of payments. Check with people who work with yachts such as repair shops and mechanics. It is a good idea to ask around where yachts are kept in marinas. The workers there hear a lot ...

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