Horses and Yachts and Planes, Oh My!

By: Advocate Brokerage

Boat, Yacht, Horse insurance

There is an old saying that the bigger the boys, the bigger the toys, and for High-Net-Worth Individuals, those big toys can include:

  • exotic cars
  • personal aircraft
  • yachts
  • horses

These toys are fun, exciting and beautiful.  With a big initial investment, plus additional costs to run, maintain and store these recreational resources, it makes no sense to skimp on an insurance policy to protect them.

Protecting Yachts
For yachts or other medium to large watercraft, a good insurance policy will cover more than just damage to the vessel and liability for injuries. Some boat policies include services similar to a premium auto insurance policy, such as emergency towing or fuel delivery.

Boat and yacht policies can provide coverage for:

  • Physical damage caused by a collision.
  • Liability for bodily injury or damage to the property of others.
  • Damage to personal property on the boat.
  • Fuel delivery, towing and assistance if your boat gets stranded.

Even if you are not cruising the high seas in a multi-million dollar yacht, personal watercrafts like small fishing boats or jet skis should have, and depending on the local and federal regulations, must have insurance coverage for damages or injuries to you, your boat and other people/property.

As the beautiful weather of summer is here, now is a great time to make sure that all of your big boy toys are covered for your own security and protection. Contact Advocate brokerage and we will create a tailor-made policy that will keep a smile on your face and your investments safe.


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