Charter Yacht Insurance In Florida: USCG COI, MYBA & Passenger Liability

Commercial charter transforms yacht insurance requirements. USCG Certificate of Inspection for US-flag vessels carrying 7+ passengers, Passenger Vessel Services Act ($876/passenger penalty) for foreign-flag charter in US waters, MYBA charter agreement minimum insurance limits, charter income protection sized to booking calendar. Personal umbrella never covers charter — the most common uninsured-loss scenario in the yacht market.