Personal Watercraft Insurance, Saving Money
There are many ways to save money on your yacht insurance policy.
Safety Equipment – Money saving features may be found on your vessel itself. Safety equipment including an Emergency Position Indication Radio Beacon (EPIRBs), guard rails, approved hull openings, depth finder, navigation system, carbon monoxide detectors, radar and automatic fire extinguishers may qualify you for a yacht insurance discount. Contact your insurance specialist for a comprehensive list of safety items that would apply to your vessel. If your vessel does not currently have these items you can still improve safety and lower premiums by retrofitting your yacht.
Safe Captains – Those with safe driving and operating records also often qualify for reduced insurance premiums. Additionally, boat owners and operators who have completed operational and safety training may be eligible for insurance discounts.
Diesel Yacht – Diesel fuel is less likely than unleaded to cause an explosion making your diesel-powered vessel more likely to receive a lower rate on yacht insurance.
Green – Though not considered a safety feature, vessels that feature hybrid or electric power are often eligible for discounts.
