Many yacht policies apply a separate, higher deductible to damage from a named tropical storm or hurricane, often expressed as a percentage of the hull value. Some policies reduce this deductible if the vessel is hauled out or relocated according to the hurricane plan.
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Injuries to professional captains and crew are generally governed by maritime law, including the Jones Act, rather than state workers' compensation. Crew coverage, often called maritime employers liability, can be ...
Usually not. Personal yacht policies typically exclude charter use. If you charter your vessel to others, even occasionally, it needs to be insured for commercial charter operations, including appropriate liability ...
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