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What is a normal boat insurance or yacht insurance deductible?

April 26, 2017boat deductible Insurance normal Yacht

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What is a normal boat insurance or yacht insurance deductible?

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A boat insurance and yacht insurance policy usually carries a percentage of the insured value deductible. For example, a 1% deductible means a boat insured for $200,000 would have a $2,000 deductible. Most boat lenders allow a maximum deductible of 2% of the insured value.