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This is the article for the people who already taken the yacht insurance or about take the yacht insurance policy. As you know yacht insurance policy is now been mandatory in the UK for all the vessels and boats that falls under this category. Although, most of the yacht owners are already aware of the policy, but most of them also don’t know about the true coverage of the policy. This is because, currently there are many myths prevailing in the market regarding the yacht insurance policy.

Myth: Yacht insurance is similar to automobile insurance.

This is again the biggest of the myths regarding the yacht insurance. No doubt that a Yacht insurance policy works on the same mode as the auto insurance policy works, but the coverage and protection is completely different.

On the one hand an automobile insurance policy only covers the vehicle from a possible outrage or accident and not its passengers, where as in a yacht insurance policy not only the yacht is covered and protected but also its passengers on board and other assets on the boat like mobile, TV etc.