If a boat spills fuel at your yacht club, are you covered for the resulting damage and cleanup? What about if someone drives a car into the club’s restaurant? As you can see, yacht club insurance covers more than just the boats the club owns. Because of this, it is important to work with an insurance agent who is experienced in yacht clubs when choosing your policy.
In addition to choosing the right insurance policy, it is important to review the policy on a regular basis. Like all businesses, the needs of a yacht club can change over time, and it is vital that the club’s insurance policy changes to meet those needs. A regular review of your club’s policy will, also, help you determine which parts of the policy are no longer needed. An insurance policy streamlined in this way will ensure you are fully protected, while only paying for the coverage you need.
There are a lot of insurance companies out there. When searching for yacht club insurance, the expertise offered by an insurance company that specializes in maritime insurance could be the difference between your club paying too much for a bad policy and paying the right amount for the right policy. With all the choices out there, it pays to make the right one.