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How To Hoist & Douse An Asymmetrical Spinnaker On A Catamaran

Stephen and crew demonstate how to hoist and douse an asymmetrical spinnaker on our Lagoon 450 SporTop, Zuri.

Yacht Insurance: Know The Pitfalls!

yacht insurance is different with every boat owner's situationYacht insurance policies are different for every yacht owner. There is no "one size fits all" solution like with home or car insurance. So buying yacht insurance is quite a bit more daunting to research for coverage and price. While we all hope that insurance is something that we will never need to use, we expect the policy we choose to either fix the yacht or to be fairly compensated when needed. However, from our own experience and according to a recent BoatUS report, you may not be entitled to a payout with some common types of claims. In this article we will discuss the most common things to look out for when choosing your insurance.

Before the closing of your yacht purchase, your lender will require you to have insurance on your vessel. If you are buying a pre-owned yacht, the lender will generally require a survey to use to establish base coverage from the value and replacement value reported on the survey. As a very general rule, the annual premium for private yacht use coverage is 1.5% - 2% of the declared hull value. So, a $100,000 yacht will cost $1,500 to $2,000 per year to cover for Florida-Bahamas "private" use. However, this can vary from region to region. Yachts in charter will typically be covered under a "fleet" policy with preferential rates that differ from company to company.

Best Yacht Insurance For Liveaboard Cruising

Liveabaord yacht insuranceIf you are a liveaboard sailor and cruising popular destinations like the Caribbean or Bahamas, you already know that securing coverage for your boat is very difficult and expensive. Many of the insurance carriers do not cover liveaboards or offshore cruisers and hurricane areas carry extra restrictions or riders.

Yacht insurance is a tricky business and leaves many of us with an almighty headache trying to figure out what will work and how to get coverage. While we all hope that insurance is something that we will never need, we expect the policy we choose to either fix the boat or to be fairly compensated.

How To Catch Fish On A Cruising Catamaran Every Time, Guaranteed!

Looking for Dockage or Yacht Management in the BVI?

b g yacht management bvi

At the Annapolis boat show, we were fortunate to meet Todd Patterson, owner of B&G Yacht Management in Soper's Hole on Tortola. We found his experience impressive and thought it a good idea to share with our followers and clients who might need help with their boats in the BVI. Our clients with charter boats have all the minutia of boat ownership taken care of for them. And when they are ready to enjoy their owners' weeks, all they have to do is go and maybe do a little provisioning. But those who do not place their boats in charter are left to take care of all the details before, during, and after cruising. But, after meeting Todd, we found out that in the BVI, there is an excellent option.

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