If you're looking for insurance on a larger boat, a yacht policy is
the only way to go. I've recently had the chance to speak with an
admirality lawyer about the finer points of marine insurance at a Sail
and Power Squadron event. I made sure I dug out my policy after that
conversation and went over it with a fine tooth comb. It's pretty
scary what insurance companies pull.

Make sure you get a copy of your actual policy, not just the standard
copy they provide. Many do not actually write the policy until you
make a claim. It is then that they find 'problems' with your
application. You may have a pamphlet they sent you with 'typical'
policy in it, but this is not your actual policy.

Make sure anyone that is going to operate the boat routinely is listed
on the policy. This means the wife, husband, significant other, room
mate, brother, etc. If a claim has to be made and someone else was at
the helm that is not on the policy, the claim can be rejected. A
yacht policy is not like an auto policy. Just because you gave
someone permission to use the boat does NOT mean they are covered by
your insurance. Some policies have clauses the provide for consent of
use, many do not.

Take a boat safety class - many insurance companies offer discounts
for passing a class like this. Contact your local Sail and Power
Squadron or Coast Guard Aux. Flotilla. They should be able to provide
you with a schedule for these classes.

Make sure you read the policy - not all policies are the same. I have
insurance through BoatUS, who use CNA as their underwriters. There
policy is much more comprehensive than any other policy I have found.
It's not the cheapest but covers more. I had bound coverage through
the Sail and Power Squadron's insurance program run through St. Paul.
The premium was about $300 cheaper a year, but the policy was
worthless. A lot of exclusions and a lot of services weren't present
that CNA offers.

Dan Schiro
M/V Sea Ranch