Watercraft is a widely used term that can describe vessels from as small as a windsurfer to as large as an ocean liner. Insuring watercraft properly is usually dependent on the type, size, and usage of the vessel. Smaller craft, often called “boats”, are normally easily portable, usually via car-top or by trailer. Yachts, on the other hand are usually larger, and most commonly moored in a marina or at a private dock.
At EHL we have a variety of insurance markets to tailor your watercraft coverage to meet your specific needs.
BOAT
Many people assume their homeowners policy will cover their watercraft. While the homeowners policy
may provide some incidental watercraft coverage, normally it
is inadequate and subject to major limitations. It is wise
to secure a separate policy designed to specifically protect
your watercraft.
YACHT
Yacht insurance is designed for larger watercraft. Often, these larger craft are higher valued and are moored in marinas. Characteristically, yachts often require professional hauling for maintenance and repair. With this in mind, a standard watercraft policy usually does not provide the coverages necessary for the exposures presented by a Yacht. In most cases, a policy designed specifically for yachts is the best choice.
At EHL we have access to several yacht specific programs where we can obtain the best policy to meet your needs.
