Agreed value
Owner and insurer write a hull amount at binding. A total loss generally pays that amount minus the deductible that applies to the cause of loss. The figure can sit above or below what the boat would bring at a later survey.
Coverage math
Yacht insurance worksheets, not a policy
Compare agreed value with actual cash value, price a named-storm deductible, and see what a haul-out sub-limit leaves unpaid. A licensed producer binds the form.
Actual cash value
A total loss pays market value at the time of the loss, minus the deductible. Depreciation, a soft resale market, or a survey that comes in low can leave a gap against the loan payoff. Ask the producer which valuation the form uses before you compare premiums.
Named storm
The percentage deductible is a different number
When a storm is named, many yacht forms replace the flat deductible with a percentage of hull value. Five percent of a $500,000 agreed value is $25,000. Haul-out help is usually a separate cap, often half of the labor up to $1,000 unless the form says otherwise.
Build the written plan on the storm plan pages before hurricane season. The calculator below is the cash figure; the plan is the warranty condition.
Named-storm deductible and haul-out
A named-storm percentage is applied to hull value. Haul-out reimbursement is a separate sub-limit. A common published benchmark is 50% of labor up to $1,000.
Named-storm deductible
$25,000
Ordinary deductible
$5,000
Extra dollars from the storm percentage
$20,000
Haul-out reimbursed
$1,000
Haul-out you still pay
$1,500
Deductible plus haul-out gap
$26,500
No written storm plan is marked. Many hull forms treat a missing haul-out plan as a warranty condition. Read the navigation and named-storm wording before hurricane season. The combined figure is the deductible plus the unreimbursed haul-out. It is not a claim payment.
State notice
How referrals are allowed to work
Trust Your Yacht does not bind coverage, quote a premium, or share in a commission that depends on a policy being issued. Introductions, when you opt in, are a fixed administrative fee.
Florida · 5% to 10% of Agreed Hull Value on named windstorms ($25,000–$50,000 on a $500k yacht)
Florida insurance referrals operate strictly on a fixed administrative introduction basis and never depend on policy binding or premium volume.
Haul-out note: 50% of professional haul-out labor up to $1,000 (standard GEICO Marine benchmark) or $2,500–$5,000 on premier yacht policies
Texas · 3% to 7.5% of Agreed Value for Gulf Coast vessels berthed south of I-10
Under Texas rules, unlicensed introductions must not include policy advice, rate negotiation, or commission sharing contingent on binding.
Haul-out note: 50% of haul-out and blocking costs up to $1,000–$2,500 when NOAA issues a Hurricane Watch for the Texas coast
North Carolina · 2% to 5% named-storm deductible for vessels berthed east of I-95
Fixed-fee referral disclosures apply; always confirm navigation warranty dates (June 1 – November 30) directly with a licensed marine agent.
Haul-out note: Up to $1,000–$2,000 toward professional haul-out or ICW relocation out of the NOAA watch cone
South Carolina · 3% to 5% of Agreed Hull Value on named tropical systems
Educational comparison only; coverage binding and deductible selection must be completed with a licensed South Carolina marine producer.
Haul-out note: 50% of haul-out or professional captain relocation labor up to $1,000–$2,500
Michigan · 1% to 2% standard wind/hull deductible (no hurricane surcharge while on Great Lakes)
Verify Great Lakes lay-up dates and southern navigation extensions in writing before departing for winter cruising.
Haul-out note: Mandatory Winter Lay-Up & Decommissioning Warranty (typically Nov 1 to Apr 15 ashore in heated or shrink-wrapped storage)
Related guides
Insurance coverage
Named Storm Deductibles Explained for Florida Boat Owners
Florida wind policies often switch deductibles when a storm is named. See dollar examples on a $400,000 hull value and how that hits your cash before a claim.
10 min read · Reviewed November 4, 2026 · FL
Regional rules
Texas Gulf Coast Boat Insurance: Windstorm and Named Storm Rules
Coastal Texas policies layer windstorm pools, named-storm deductibles, and marina haul requirements—modeled with premium and deductible math.
11 min read · Reviewed November 4, 2026 · TX
Regional rules
Michigan Boat Winterization and Storage Insurance Requirements
Lay-up endorsements, freeze damage exclusions, and indoor storage receipts insurers expect on Great Lakes boats valued above $200,000.
10 min read · Reviewed November 4, 2026 · MI
Insurance coverage
Agreed Value vs Actual Cash Value Boat Insurance
On a $380,000 cruiser, see how agreed hull value differs from depreciation-settled total loss checks—and why lenders care which box you select.
11 min read · Reviewed November 4, 2026 · FL, TX