Tips to Help You Save on Boat and Yacht Insurance
Use an insurance agent. It is fine to do some initial price-checking online, but you likely will pay more acting as your own insurance agent. We recommend talking to marine insurance specialists who do this every day and get paid for it. They are your advocate and your liaison to the underwriter, whom they often bring hundreds of thousands of dollars in business. Shop around for an agent. Avoid folks who sound like they are operating out of a telephone boiler room with canned scripts. Ask questions and test to see how proactive and knowledgeable they are. Every boat is different, as is every owners needs. You want to work with someone who will work to understand your unique needs and will customize a policy for you. For this reason, we recommend working with marine specialists who represent more than one underwriter.