Megayacht News Radio

Yacht Insurance: What Every Owner Needs to Know

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Sinopsis

We love fan mail: text us with your feedback and ideas"It only takes one hurricane, one accident, or one equipment failure to change everything." Those sobering words set the tone for this essential conversation with risk management expert Rob Carron about protecting your yacht investment and the people who help you enjoy it.For example, yacht owners face critical insurance considerations when planning yard periods during hurricane season in high-risk areas. Rob explains how timing these maintenance periods without proper insurance consultation can lead to shocking premium increases, doubled deductibles, or even complete coverage exclusions. His practical advice includes early planning and transparent communication with your broker before making commitments.The discussion takes a deep dive into emerging concerns around lithium-ion battery fires, which have plagued the industry recently. Rob outlines how independent risk assessment surveys can identify potential hazards before they become disasters,