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Sarah Allan Thomas Cooper 140

Navigating the Yacht Insurance Storm

When it comes to buying, converting or building a superyacht, insurance can sit a long way down the priority list but a certain level of insurance is mandatory, and can be a godsend if something does go wrong. But recent events such as hurricanes Maria and Irma have resulted in a well reported reduction of insurance capacity across the yacht sector. Sarah Allan, maritime lawyer and yacht master, discusses the impact of the 'hardening market'.