There are a couple of things you might want to you do before you go around to insurance agencies and ask for yacht insurance quotes. These relatively simple steps will help you get a more accurate idea of insurance premium costs. They will also help you get an understanding of what type of maintenance you should expect to perform on your vessel in the years to come.
The first thing to do is get a marine survey, if you don’t already have one. Marine surveys are investigations performed by third-party boat specialists to give insurance companies an idea of what type of risks are associated with covering your specific vessel. They’re useful information for you too, because you will have a document that tells you exactly how much you can expect to pay in repairs and which components of your yacht you should replace proactively. Surveyors base these predictions on the local risks and type of vessel along with a detailed inspection.
The second thing you should consider is making a list of the places you want to go. This will give you a good idea of what types of policies you need. You need a certain type of policy to cover you in international waters, and another to cover liabilities from losses that are statistically more common in Mexico. These plans are more than just information to get you accurate yacht insurance quotes. They are compasses to guide you on your adventures to come.