Boating Insurance Could Save You A Big Bill
With yachts being about the oldest form of transport still being used, it is not surprising when you realize that boat insurance has been available in varying forms for thousands of years. All maritime vessels as quoted by the maritime Insurance Act must have insurance before they are allowed to sail. As with automobile insurance, policies come with an excess to deter small claims and for boat insurance, this is usually quite a large sum of money, as the intention of the underwriter is to cover you against substantial losses instead of just scratches and dents. There is little difference between the two types of policy (motorcar and yacht) except the amount of cover supplied with yacht cover is substantially bigger.


