Yacht Insurance in Fort Lauderdale
Fort Lauderdale is the yacht capital of the world — and that comes with insurance complexity most retail agents can't handle. This guide covers what coverage actually looks like here: from agreed hull value vs. ACV and navigation territory limits, to superyacht placements through Lloyd's and local requirements like hurricane storm plans and charter use. If you own, buy, or broker yachts in South Florida, this is what you need to know.
Builders Risk Coverage Gaps: What Your South Florida Luxury Development Policy Won't Cover
You have a $450 million mixed-use tower under construction in Brickell. You have a builders risk policy. You feel protected. Then a subcontractor's negligence causes $8 million in damage to the marble cladding that's already been installed. You file a claim. Your carrier denies it. The policy, it turns out, has a "care of materials" exclusion that limits your coverage once materials leave the supplier's warehouse.
This is not a worst-case scenario. It's a Tuesday in the life of a luxury developer who didn't understand what their policy actually excludes.