Yacht Hurricane Insurance in Florida: Deductibles, Haul-Out Plans & Named Storm Coverage
Florida yacht hurricane deductibles run from 2% of hull value (Palm Beach with documented haul-out at Rybovich) to 10% or mandatory northbound relocation (Florida Keys). The deductible applies per named storm — back-to-back storms trigger multiple deductibles. On a $50M yacht, the Palm Beach vs Keys differential is $1.5M per event. This guide covers deductibles by county, approved haul-out yards, named storm trigger criteria, mandatory relocation clauses, and charter operations during hurricane season.
Named Storm Deductibles on Florida Yacht Insurance - What Every Owner Needs to Know
Your agreed value policy pays the full hull amount at total loss. What surprises most Florida yacht owners is what comes out first — the named storm deductible. On a $600,000 vessel at 5%, you're absorbing $30,000 before the carrier pays a cent. This guide explains how named storm deductibles work, how they're triggered, and exactly how to reduce them.