Took me about two weeks comparing quotes on yacht insurance before spring launch. The first thing I learned: the cheapest quote usually hides a pile of exclusions. Look at agreed value vs actual cash value — on an ACV policy, depreciation eats your claim after a total loss. For an older hull, expect the insurer to ask for a recent survey. The hard part is the policy wording, so I found a clear breakdown here: yacht insurance — it lays out the main policy terms without the sales talk. Then check the navigation limits: cruising outside them can leave you uncovered. On the East Coast and the Gulf, the named storm deductible is usually a percentage of hull value, not a flat amount. Don't skimp on liability either — wreck removal and guest injuries can exceed the value of the boat itself. Compare two or three carriers and read the exclusions before you sign.
