Most of them are very lucky. You have insurance.
Probably from this year, there are completely new rules
for insuring boats, not just yacht, power boats too.
For instance, the yacht insured 10 years, after changed
ownership is practically not insurable any more.
Sure there are exceptions.
I did contact and filled forms, roughly 15 ins. comp. and brokers.
No luck at all. I used last resort, go overseas.
edwardwilliam.com/ , I was lucky there.
Go through finding insurer is frustrating/ shocking.