Megayacht News Radio

Author: Megayacht News

Megayacht News Radio introduces luxury-yacht enthusiasts to the leaders who bring cruising dreams to life: yacht builders, premier design studios, and even superyacht owners. As the official podcast of MegayachtNews.com, we feature real stories of real interest, not boring blather. Ultimately, we help American yacht owners and their representatives better navigate their way around the yachting lifestyle, getting more enjoyment from it.
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Language: en

Genres: Leisure, Places & Travel, Society & Culture

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Yacht Insurance: What Every Owner Needs to Know
Episode 6
Thursday, 28 August, 2025

We love fan mail: text us with your feedback and ideas"It only takes one hurricane, one accident, or one equipment failure to change everything." Those sobering words set the tone for this essential conversation with risk management expert Rob Carron about protecting your yacht investment and the people who help you enjoy it.For example, yacht owners face critical insurance considerations when planning yard periods during hurricane season in high-risk areas. Rob explains how timing these maintenance periods without proper insurance consultation can lead to shocking premium increases, doubled deductibles, or even complete coverage exclusions. His practical advice includes early planning and transparent communication with your broker before making commitments.The discussion takes a deep dive into emerging concerns around lithium-ion battery fires, which have plagued the industry recently. Rob outlines how independent risk assessment surveys can identify potential hazards before they become disasters, and details how some insurers are now requiring specific battery management protocols. Similarly, owners planning to tow tenders need awareness of the specialized insurance requirements that apply, from tracking devices to weather limitations.Beyond physical assets, Rob emphasizes that crew protection remains paramount through proper employment agreements. These documents should clearly outline obligations during illness or injury, providing security for both crew and owners. On a positive note, the conversation highlights how crew wellness programs are increasingly recognized by insurers as valuable risk mitigation tools, improving safety while boosting morale.Whether you're a seasoned yacht owner or considering your first vessel, this episode delivers crucial insights that could save you from significant financial and personal headaches. Listen now to ensure your yachting passion remains protected through proper planning, documentation, and insurance coverage. Support the showThanks for listening! Follow Megayacht News and engage with us on Facebook, Instagram, YouTube, and Threads! Email us at info@megayachtnews.com.