December 3, 2025
1h 11min
What you don't know about yacht insurance could ruin you
Watch or Listen
The conversation also covers the nuances of hurricane plans, the impact of boat age and charter usage on insurance, and the role of brokers in securing the right coverage. Listeners will gain insights into the claims process, the importance of reading policy details, and the factors affecting insurance premiums, as well as what questions to ask of their yacht insurance broker.
Contacts & Resources
📩 Hugo Hanham-Gross, Hanham Insurance Agency
⛵️ Hire Current Yachts to represent you as a boat buyer
🛥️ Work with Current Yacht to sell your yacht
⬇️ Download the Yacht Insurance Checklist & Questionnaire
Key Takeaways
✍🏼 Boat insurance is not always legally required, but marinas often demand it.
🛥️ Agreed value policies provide more certainty than actual cash value policies.
👩🏻⚖️ Third-party liability is crucial for covering damages to others.
🌪️ Hurricane plans are essential for boats in storm-prone areas.
📅 Older boats may face higher premiums and limited coverage options.
🤔 Brokers play a key role in navigating insurance complexities.
📄 Reading and understanding policy details is vital for boat owners.
💸 Experience and claim history significantly impact insurance rates.
🛟 Pollution and salvage coverage are important considerations.
🏠 Liveaboard status should be disclosed to ensure proper coverage.
About Current Yachts
Current Yachts revolutionizes yacht sales by offering a transparent, service-based pricing model that puts the consumer first. How?
1️⃣ We replace traditional high commissions in yacht brokerage with flat-rate selling expenses, and the buyer-side commission (co-brokerage) only gets paid when a co-broker is present -- saving our sellers money.
2️⃣ We are a full service yacht brokerage company with licensed and bonded professional brokers assisting yacht sellers and buyers every step of the way.
3️⃣ Current Yachts is also the first yacht brokerage company to offer a buyer representation agreement.
💻 Our modern platform streamlines the listing intake process, and ensures real-time communication and analytics for all parties. Our team is focused on transparent yacht sales and facilitates faster, more efficient transactions. We've set out to build a genuine community that offers exclusive insights and resources, empowering yacht owners and buyers alike. And our podcast Full Displacement is designed to educate yacht sellers and buyers, and to share what is happening in the yacht brokerage market.
Connect with Current Yachts
Facebook | Instagram | LinkedIn | 📩 Contact Current Yachts | 🛥️ Browse our yacht inventory
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The yacht brokerage industry is changing, and Current Yachts is leading the way. Our innovative platform and service-based approach combine the best of traditional brokerage expertise with modern technology and fair pricing.
Ready to protect your equity while working with seasoned professionals? Contact Current Yachts today and experience yacht brokerage done right.
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