By Max Hardberger: The decision to ride a hurricane out at sea should never be taken lightly. There may be times when there is no other option – the Coast Guard today ordered large vessels in the commercial ports on the eastern seaboard to put to sea to protect shore assets – but today's headlines also emphasize the dangers of doing so: the HMS Bounty foundered … [Read more...]
The Ugly Truth About Yacht Insurance
Mr. Soledano (not his real name), the owner of a Hatteras cabin cruiser in Miami, stared at me in horror. “What?” he demanded. “It's going to cost $75,000 to fix my engines, and you're going to pay me $10,000? Why the hell is that?” I chose my words carefully. We were at a boatyard on the Miami River, and he was a big, dark man with a three o'clock … [Read more...]