Yacht insurance premiums generally range between 1% and 5% of the yacht's total value each year. For example, if a yacht is valued at $500,000, the annual premium might range from $5,000 to $25,000.

A boat from the last 10 years of models costs an average of $47,000, while basic models can run around $1,000 or less and yachts can go into the millions of dollars. Annual maintenance for the boat ...

The average purchase price of a 20-foot boat is between $10,000 and $60,000. For a boat to be a yacht, it has to carry certain features, and it's more expensive than other boats. Ongoing maintenance ...

Luxury yachts are some of the most expensive purchases in the world, with price tags often so high they make lifetime earnings look tiny. Some of them could cover decades or even generations of income ...

The 255-foot superyacht Malia sold in 2023 with a price tag of $120 million. But she can be yours for a fraction of the cost: $930,000 per week. But with many large yacht charters, surcharges — for ...

But, according to brokers, closing a deal is still dependent on the weather. Three weekends of sun in a row can be seriously ...

A mega-yacht seized by U.S. authorities from a Russian oligarch is costing the government nearly $1 million a month to maintain, according to new court filings. The U.S. Department of Justice is ...

Sales of superyachts — luxury boats more than 100 feet long — fell 17% in 2023, according to a new report that attributed the dip to soaring costs, long waiting lists and sanctions of Russian ...