Yachts Insurance Tips You Must Hear Now

In this episode, we sit down with marine insurance expert John Jarvie of Oversea Insurance to explore the complexities of yacht insurance, from understanding coverage during haul outs and repairs, to insuring innovative vessel technologies. Whether you're a seasoned boat owner or considering your first yacht, this deep dive provides essential insights to protect your investment on and off the water.

Main Topics Covered:
🧭 Overview of the current yacht insurance Market: Softening rates and new market entrants
🛥️ Why specialty marine insurance brokers outperform generalists
⚠️ The importance of choosing the right surveyors and claims support
⚓️ Coverage nuances during boat repairs, haul-outs, and yard work
👌🏻 The impact of latest marine tech: electric, hydrofoil, lithium batteries on insurance
🦠 Cyber risks and cyber insurance strategies for boat owners
❌ Liveaboard insurance limitations and the challenges of insuring older or classic vessels
🗺️ Navigating coverage in the Caribbean and Bahamas, including hurricane implications

In this episode:
✔️ John shares over 20 years of marine insurance experience, including how hurricanes in 2017 reshaped the industry
✔️ Understanding the difference between actual cash value and agreed value policies in total loss scenarios
✔️ Insights into coverage restrictions when boats are hauled out or undergoing maintenance
✔️ The evolving landscape of insuring cutting-edge marine technology like electric propulsion and lithium batteries
✔️ How to proactively manage survey recommendations to ensure claim coverage

Resources & Links:
Oversea Insurance: https://currentyachts.com/resources/directory/insurance-agent-oversea-yacht-insurance
Work with Current Yachts to Buy a Yacht: https://youtube.currentyachts.com/buy
Sell your Boat with Current Yachts: https://youtube.currentyachts.com/sell

Note: This episode covers critical nuances in yacht insurance. Ensure you consult with a certified marine insurance expert to tailor coverage for your vessel and needs.

💭 WHO IS CURRENT YACHTS? We are a full service yacht brokerage company located in Fort Lauderdale, Florida, and Annapolis, Maryland. Our licensed and bonded professional brokers assist yacht sellers and buyers every step of the way.

🎥 Watch Full Displacement on YouTubet: https://www.youtube.com/playlist?list=PLXcE3-wOQgN8C7VGybRHBjzf9uZsr6tPs

⚓️ Discover the Current Yachts difference at https://currentyachts.com/
🛥️ Browse our inventory: https://currentyachts.com/boats/

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