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Risky Business

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Planning an offshore passage or extended cruise? You might want to check with your insurance agent first.

We all know yachts are expensive—to buy, to maintain, and to repair. So it’s little wonder that sensible folks with big investments in their boats protect themselves with insurance to cover the cost of accident, liability, or total loss. But there’s been a lot of talk lately in certain yachting circles that some big insurance underwriters, unhappy with yachting’s risk-versus-return equation, might leave the game and cast owners into a sea of potential loss without a monetary life belt. Is this rumor true? Will insurance for your boat soon be too expensive—or maybe even unavailable?   more...

 



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