Yacht ownership comes with unique risks. Fortunately, comprehensive yacht insurance policies cover many of these, ensuring your vessel—and your finances—are protected. Here are the top five risks covered by yacht insurance policies offered by Norvos Insurance.
1. Storm Damage
Nature’s power can wreak havoc on yachts. From hurricanes to rough seas, insurance covers damages caused by extreme weather conditions.
2. Collision Repairs
Accidents happen, whether it’s with another boat or a dock. Yacht insurance covers collision-related repair costs, ensuring you’re not left with hefty bills.
3. Theft and Vandalism
Yachts are valuable and often targeted for theft or vandalism. Insurance ensures you’re compensated for stolen or damaged property.
4. Personal Liability
If someone is injured aboard your yacht, liability coverage protects you from medical expenses and potential lawsuits.
5. Salvage Costs
In the event of grounding or sinking, salvaging a yacht can be expensive. Insurance covers these costs, alleviating financial stress.
Get Comprehensive Coverage with Norvos Insurance
Protecting your yacht starts with the right insurance. Contact Norvos Insurance today to learn more about our tailored yacht insurance solutions.
