
Q: How do I find the right luxury yacht for me?
A: Contact a licensed yacht broker or dealer, they specialize in finding the right new yacht for you and they have an extensive network of listings should you be interested in a used yacht.
Q: How much can I expect to pay for marine insurance?
A: Cost for marine insurance depends on several factors, like your boating experience, current navigational equipment, where your yacht will be used, the value of your yacht and whether you will be living aboard or cruising offshore.
Q: If I buy a used yacht, who is responsible for paying the yacht broker?
A: Similar to real estate, the seller will pay all yacht broker commissions.
Q: Are there any tax deductions to buying a yacht?
A: There are some tax incentives available for buying yachts, for example if you purchase a new sailboat and place it into charter you may end up paying a great deal of the sailboats purchase price. Check out our Charter Info page for more details on placing a new boat in charter. Check a tax advisor before going down this path to make sure this incentive is applicable for your particular situation.
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