When it comes to insuring your boat, one of the most important distinctions whether your coverage is written on an Actual Cash Value (ACV) vs. Agreed Value basis. An ACV policy factors in depreciation at the time of a loss. In the event of a total loss, the payout reflects your boat’s current market value - not what you originally paid - often leaving a gap between the settlement and replacement cost. An Agreed Value policy, on the other hand, locks in a pre-determined value

For seasoned boaters, personal property coverage is one of those policy details that matters most when you actually need it. The simplest way to think about it? Turn the boat upside down and shake it: what falls out is personal property. This typically includes items not permanently affixed to the vessel: fishing rods and reels, tackle boxes, portable coolers, clothing, handheld electronics, tools, and water toys. By contrast, boating equipment - GPS units wired into the helm

Medical Payments coverage and Liability (Bodily Injury) coverage are often confused, but they serve two very different purposes on a yacht insurance policy. Medical Payments coverage is a no-fault coverage designed to handle smaller, everyday incidents. If a guest slips on deck, missteps while boarding, or suffers a minor injury while aboard, this coverage can help pay for reasonable medical expenses without needing to determine fault. It typically responds quickly and can he