Yacht Insurance
Definition of 'Yacht Insurance 'An insurance policy that provides indemnity liability coverage on pleasure boats. Yacht insurance includes liability for bodily injury or damage to the property of others and damage to personal property on the boat. Depending on the insurance provider, this insurance could also include gas delivery, towing and assistance if your boat gets stranded. |
|
Investopedia explains 'Yacht Insurance 'Some companies specialize in providing coverage for antique and classic boats. Policy holders can choose between an actual cash value or agreed value policy. Some policies include discounts based on a policy holders' boating education, boat safety features or whether they have a hybrid or electric boat. Some companies also offer a package deal where they decrease the rate on a yacht insurance policy if the holder purchases additional policies for their homes or automobiles. |
Related Definitions
Articles Of Interest
-
Understanding Your Insurance Contract
Learn how to read one of the most important documents you own. -
15 Insurance Policies You Don't Need
Learn how to save money by saying "no" to unnecessary coverage. -
Top Tips For Cheaper, Better Car Insurance
Accident, theft, vandalism - make sure your coverage will protect you when you need it most. -
5 Things You Should Know About The New Health Insurance Marketplace
Here are five things you should know about the new Health Insurance Marketplace (AKA Health Insurance Exchange), which launches on October 1. -
Automatic Cancellation Of PMI When You're Underwater On Your Mortgage
You might be suprised to learn that after reaching certain criteria, your PMI will be automatically cancelled. -
New Year Planning For Business Owners
Make a resolution to start your business off on the right foot in the new year. -
Reasons Renting Is Better Than Buying
Owning a home is much more expensive than renting. Here are the places where the costs differ greatly. -
The Hidden Costs Of Wedding Insurance
Weddings don't always go smoothly. Here's how you can protect yourself from things backfiring. -
Is Loan Protection Insurance Right For You?
This coverage can keep you from defaulting on your loans when you're in financial trouble. -
Selecting And Managing Insurance Payouts
Find out which settlement option is right for you before you recieve your funds.
Free Annual Reports