Provided by Oanda
Posted: 17th February 2018 | Written by: Captain Rod Hatch
The only item anybody buys in the hope they are throwing their money away is insurance, regardless of the asset or the risk. In the case of a large yacht, it’s natural to assume that the owner's insurance would cover all eventualities, but what does this mean for the yacht's crew? It's worth knowing to what extent you are covered by the owner's insurance so you can decide for yourself whether you need additional personal cover.