If your yacht is over 26 feet long then it is a requirement for you to have a yacht insurance policy in force. Insurance for yachts that are less than 26 feet long is technically referred to as boat insurance, but for larger yachts, individual insurance policies are needed because of the increased values and the range of requirements. However, the general principles of both yacht insurance and boat insurance types are similar.

There are two key reasons for having yacht insurance. First is to protect your financial investment against damage, theft, fire, or any other event which could cause  

Long-Term Care insurance is a health-qualifying type of insurance. You must be in reasonably good health in order to obtain coverage. If your health is not good enough to qualify for coverage, no amount of premium you are willing to pay will change the fact that you’re ineligible. As with all types of insurance, many times those who want coverage the most are those who can’t qualify for it.

If you decide to apply for coverage, you will go through a process called underwriting. Underwriting is defined as “a process of examining, accepting, or rejecting insurance risks, and then classifying