Yacht Insurance Policy

question on buying a boat/yacht?

hi
i live in the bay area…
want to own a pesonal yacht/boat for my pleasur drive..
how much does it cost..
how does the insurance works for it…..and how much it will be
will the insurance policies same as we take for automobiles.

This can all vary incredibly. I’ve purchased sailboats costing anywhere from $2K used to $120K new, and they can get much, much more expensive than that.

Insurance costs and availability will depend on many things. If it’s a smaller boat, used locally, you may be able to add it to a homeowners policy which is probably the cheapest option. However for larger boats or cruising away from home, you will likely need to purchase a stand alone policy.

The price of these can also vary greatly depending on the value of the boat, the liability coverage you desire, the deductible you select and the boating area you are covered for.

The other big costs typically associated with boat ownership include dockage (or storage on the hard) and maintenance.

Kinney Agency Inc – Insurance Hudson Falls, NY 12839