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The truth about yacht insurance isn't what most boat owners expect to hear. As insurance veteran Keri Gonzalez reveals in this candid conversation, "Insurance is not your friend, we're not a good neighbor, you're not in good hands." With 36 years of experience as an insurance broker, Keri strips away the marketing slogans to expose what boat owners need to understand about their coverage—especially for older vessels.

For owners of boats over 26 years old, the insurance landscape becomes increasingly treacherous. Most standard markets reject vessels valued over $150,000 once they reach this age threshold, forcing owners into specialized markets with higher premiums and more restrictions. Documentation emerges as your most powerful ally, with Keri emphasizing the critical importance of maintaining cloud-based records of all maintenance and upgrades. These aren't just helpful—they can be the difference between a claim being paid or denied when disaster strikes.

Storm coverage presents particularly dangerous territory for the uninformed. Many boat owners don't realize that their hurricane plans become literal contracts, where any deviation—even moving to what might objectively be a safer location—can void coverage entirely. GEICO policyholders face the additional burden of updating their location every 14 days regardless of weather, while other policies silently depreciate your vessel's value without notification. Perhaps most alarming is the revelation about lithium batteries, which many policies exclude entirely unless specifically disclosed and approved in writing.

The conversation ventures into international waters as well, with Keri offering invaluable guidance for Caribbean cruisers and explaining the strict blue-water experience requirements for those seeking transatlantic coverage. Whether you're maintaining your vessel in a hurricane zone, planning extended cruising, or simply trying to protect your investment, this episode provides the unvarnished truth about what your policy actually covers—and the many ways you might accidentally void it.

Want to ensure your boat insurance actually protects you when you need it most? Listen now, take notes, and check your policy before it's too late. Have questions about your specific situation? Reach out to Keri directly at [email protected] for personalized guidance.

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SALTY ABANDON: Cap'n Tinsley, Orange Beach, AL:
Oct 2020 to Present - 1998 Island Packet 320;
Nov 2015-Oct 2020; 1988 Island Packet 27
Feb-Oct 2015 - 1982 Catalina 25

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