The steps to buy a Yacht
Owning a yacht is a dream for many, including true enthusiasts and occasional seafarers. If the general idea of yachting is to offer the pleasure of travelling at sea in a very comfortable environment, it is above all a way of life in its own right. When buying a yacht, it is then advisable to review your real expectations according to your needs, your level of experience and the boat’s sailing area. Although having your own boat has many advantages for both novice and expert boaters, you will need to be very careful when buying a yacht. The procedures for purchasing a yacht then require making the right choice of model, establishing technical checks before proceeding to purchase and reviewing the formalities. While the first two steps in the process of purchasing a yacht are only your preferences and the condition of the boat, the last one is purely administrative. In this regard, if the length of the vessel is less than 7 metres and its engine power is less than 22 administrative horsepower, only the registration of the vessel should be carried out. The parts to be provided vary depending on whether it is a new or used boat. To ensure that you follow the procedures for the purchase of a yacht, require the deed of francization and check with the customs office that the boat is not registered for a mortgage and is not subject to a garnishment.
Find an insurance company for your yacht
Your multi-risk home insurance basically includes boat insurance, including at least civil liability in the event of a claim. However, this very basic yacht insurance cannot always satisfy all the coverages that a luxury yacht needs. To benefit from a level of coverage adapted to your boat and to travel more serenely at sea, it will first be up to you to find an insurance company for your yacht. It is advisable to have a good insurance to better face any risks or events that may occur on your boat. This could include a collision with a rock or other vessels, an incident involving victims on board the vessel, a shipwreck or a fire. Taking out yacht insurance is not an obligation as in the case of motor insurance as it is optional. However, to travel in complete peace of mind, it is more advisable to have a good yacht or sailboat insurance. In addition, some marinas may require you to present an insurance certificate before docking. If you do not have it, the port may very well refuse you the right to moor your boat. So find out about the destination you want to undertake. If you don’t travel often, you won’t need to pay a yearly fee. This makes boat insurance very flexible. Having an insurance policy for your boat may then be more accessible than taking out insurance for your car.
The services offered by your insurer (crew, natural damage, builder risks)
The services offered by your insurer (crew, natural damage, builder risks) are not mandatory but may be essential to sail in complete serenity. There are also other coverages to ensure that you are well covered and compensated in the event of a claim such as loss and damage, individual marine and retirement costs for wrecks. Most insurers will not fail to offer you repatriation assistance to evacuate one of your crew members or a passenger on board your yacht. This insurance is valid worldwide. This may involve the repatriation of a sick or injured person on board whose case requires surgical hospitalisation to a suitable hospital centre or the country of origin. Repatriation also involves the case of death on board by bringing the body back to the place of burial in the country of origin. The insurance value of your boat will be determined when you take out the contract. This generally depends on the actual value of the boat, taking into account the necessary fittings and accessories. To get an overview of the insurer’s rate, request a quote on its online quote site or contact it on the assistance telephone number.