10m yacht cost

Used Yachts For Sale From $5,000,000 – $10,000,000

Listed below are used yachts for sale worldwide from $5,000,000 – $10,000,000. Use the search tools to narrow your exploration. SYS Yacht Sales offers a wide range of luxury used yachts for sale, including long range cruisers, motor yachts, trawlers, express cruisers, center consoles, sailboats and everything in between. Search world-renowned manufacturers like Horizon, Hargrave, Benetti, Trinity, Sunseeker, Princess, Westport and much more. Need assistance? Contact our experienced yacht brokers. We look forward to helping you find the yacht that's right for you.

Custom Astilleros Celaya S.A.

Nishii Zosen-Sterling

Factoria Naval de Marin Schooner Sailing Yacht

Elena of london.

Oceanfast Superyacht

High occupancy.

Custom Italian Brand 50 mt

Oceanco Oceanco 50m

CRN AZUL V - 50 Metres

Custom RADEŽ d.d. Schooner

Ada Yacht Modern classic schooner

Custom MY Bellezza

Delta Marine 150

Custom MOTOR YACHT

Miss Tor Yacht 147 Miss Torr

Feadship 45

Feadship Motoryacht

Cheoy Lee 145 Global Series Long Range Tri Deck

Island heiress.

Van Mill Tri-Deck Motoryacht

Palmer Johnson Motor Yacht

Custom Urkmelzer

Custom Tri Deck

Just enough.

Just Enough

That's Amore

Classic Hall Russell

Lady goodgirl.

• Event Details

The global authority in superyachting

• NEWSLETTERS
• Yachts Home
• The Superyacht Directory
• Yacht Reports
• Brokerage News
• The largest yachts in the world
• The Register
• Yacht Advice
• Yacht Design
• 12m to 24m yachts
• Monaco Yacht Show
• Builder Directory
• Designer Directory
• Interior Design Directory
• Naval Architect Directory
• Yachts for sale home
• Motor yachts
• Sailing yachts
• Explorer yachts
• Classic yachts
• Sale Broker Directory
• Charter Home
• Yachts for Charter
• Charter Destinations
• Charter Broker Directory
• Destinations Home
• Mediterranean
• South Pacific
• Rest of the World
• Boat Life Home
• Owners' Experiences
• Interiors Suppliers
• Owners' Club
• Captains' Club
• BOAT Showcase
• Boat Presents
• Events Home
• World Superyacht Awards
• Superyacht Design Festival
• Design and Innovation Awards
• Young Designer of the Year Award
• Artistry and Craft Awards
• Explorer Yachts Summit
• Ocean Talks
• The Ocean Awards
• BOAT Connect
• Between the bays
• Golf Invitational
• Boat Pro Home
• Pricing Plan
• Superyacht Insight
• Product Features
• Premium Content
• Testimonials
• Global Order Book
• Tenders & Equipment

Yachts for Sale

For aspiring yacht owners looking for a luxury yacht for sale, we have put together a fine selection of luxury yachts and megayachts for sale from all over the world. Search BOAT International's collection of superyachts for sale and filter by type, length, asking price or age. Narrow the results by selecting specific features, or browse by speed, designer and much more.

Explore luxury yachts for sale

Search for everything from motor yachts for sale from renowned Dutch yards including Feadship and Heesen , premium Italian names including Azimut , Sanlorenzo and Benetti , popular British builders Sunseeker and Princess , and American megayachts for sale from US yards such as Westport .

Our collection also features sailing yachts for sale from legendary names such as Royal Huisman , Perini Navi , Nautor's Swan and Jongert , as well as some of the most well-known explorer yachts for sale .

Yacht Features

Propulsion System

• Yachting for beginners
• Owning a yacht
• Motor Yachts
• Sailing Yacht
• Indian Ocean
• Mediterranean
• Buying or Selling a Yacht
• Yachting Events
• FAQ – Luxury Yacht Charter
• FAQ – Buying a Yacht
• FAQ – Sell your Yacht
• How Much Does It Cost To Charter A Luxury Yacht?
• All our Blog Post & News

How Much Does it (Really) Cost to Own a Yacht?

The true cost to own a yacht is an area of concern for many prospects of yacht ownership. And it should be.

Maintenance costs, exploitation costs, total cost compared to yacht charter, we detail in this article the expenses (especially the hidden ones) you have to consider before buying your first yacht !

We also provide you several solutions to lighten your investment and reduce the cost to own your yacht. 

If you are looking for the price of a yacht charter (rental), please read this article instead .

How much is a yacht?

Before diving into the expenses that comes monthly, yearly or every decades once you own a yacht, let’s answer the elephant in the room: How much is a yacht (alone) in the first place? The short answer is… it depends, of course. But in most cases, the longer the yacht, the higher is her selling price.

Generally speaking, you can expect to find yachts for sale in the following price ranges:

• Below 50ft (15m): between 500K – 2,500,000 € / USD
• Between 50-70ft (15-21m): between 2 millions and 6 millions € / USD ( See our 9 catamarans for sale under 6 millions here )
• Between 70-100ft (20-30m): between 6 millions and 20 millions € / USD
• Superyachts over 100ft (30m): minimum 10 millions € / USD

You can always find exceptions to the rule and find cheaper or more expensive yachts for sale outside of these price brackets.

A lot of factors come into the selling price of a yacht: supply and demand, brand / model reputation, age and condition of the vessel, urgency or lack of for the sale and so on.

What are the main hidden costs that come with yacht ownership?

You probably already guessed it, the cost of owning a yacht doesn’t stop at its purchase price . In some cases, the price you bought your yacht at can seem like a bargain, but it really isn’t once you start adding all the hidden costs, and many of them come yearly.

Here are the main ones you should be wary of.

Yacht exploitation and running costs : always calculate them carefully before buying your yacht

It always cost you money to exploit your yacht.

When you are chartering a yacht, a part of these operation costs is included in your APA (Advanced Provisionning Allowance) .

When you own a yacht, these costs still apply , but you will have to pay directly for them.

Among the main operation costs, the most important are usually the following:

• The fuel: its cost will depend on the type of boat, her fuel consumption, the region, and the distances traveled;
• The mooring fees which depends on the area but also on the boat size;
• The crew, if you need it. The cost will depend on the frequency and the crew’s size;
• The communication fees;
• The food and beverages supplies;
• All the expenses related to your leisure activities.

Yachts maintenance: a cost that you should definitely not overlook

Even outside of its operating period, it still costs you money to own your yacht!

Maintenance of your boat isn’t an option and must be done on an ongoing basis. The price vary depending on the type of yacht you are owning (motor, sail, etc…), the size of the vessel, but also how old she is.

The maintenance costs include :

• The regular maintenance of certain equipment, like engines, thrusters, sails, rigging, safety equipment, hull(s) (fairing)…;
• The occasional maintenance operations in case of breakdown or damage;
• The painting;
• The cleaning and the specialized maintenance products (for teak, leather, …). 

The costs of maintenance and upkeep will obviously not be the same if you do it yourself or if you call in specialists. But regardless, you should have a budget buffer dedicated to maintenance costs when you plan on buying a yacht, especially if she already had a long sailing life.

The taxes and insurance premiums of a yacht: a cost that most forget

Consider the different taxes (at the purchase and annual) and the yearly yacht insurance that you have to pay. A specialized insurance policy is generally estimated at between 0.8% and 1.2% of the boat’s purchase price per year.

Must Read : Yacht Insurance : The Definitive Owner’s Guide

Yearly harbor fees : a very important hidden cost of yacht ownership

The port and/or winterization fees are also a big part of yacht ownership costs that you should carefuly estimate.

Depending on your region, you may need to consider “dry-docking” your boat, which involves handling, transport, and storage which can be really expensive. 

If you can leave your yacht in the water all year round, you will need to go for a harbor ring concession.

Depending on the marina and its infrastructure, the region, and your boat’s size, the costs may considerably vary from a few hundred dollars to thousands of dollars a month . However, it is easy to obtain this information from marinas once you have chosen which yacht to purchase.

The depreciation’s price of a yacht

A yacht, like a car, will depreciate . It is difficult to estimate the depreciation, as it depends on economic conditions, exchange rates, price inflation when new, the type of boat, and the shipyard. 

However, it is reasonable to estimate a minimum depreciation of 10% in the first year, then 7% in the following years. From the fifth year on, the depreciation tends to slow down. On the other hand, the operating costs increase.

Summary of the main operating and maintenance costs of owning a yacht

So, to sum up, how much does it cost to own a yacht? It largely depends on your type of yacht and your location.

But in general, owning a yacht will cost you between 10-25% of its value annualy . The longer the yacht, the likelier you are to be at the end of the spectrum.

Here are the reasonable costs you could consider:

• 10% of its value annually for a 60ft (18m) / 1 million USD yacht and below (=max 100K / year)
• 20% of its value annually for a 100ft (30m) / 10 millions USD yacht and above (=min 2 millions / year)

These brackets of total costs include everything: usual yacht maintenance, upkeep and operating costs that will be distribued as follow:

• Communication
• Maintenance
• Insurance premiums
• Harbour fees
• Cost of depreciation

Are you worried? Do not. Luckily, there are numerous ways to decrease the overall cost of yacht ownership and still enjoy yachting as it should be. Read the next paragraphs to know these valuable tricks.

If you liked this article you will also like : HOW MUCH DOES IT COST TO CHARTER A YACHT?

How to reduce the cost of yacht ownership?

A yacht keeps on costing money even when not in use, so the best way to make it a more profitable investment is to increase its exploitation.

Renting your own yacht : a good way to reduce the costs of owning a boat

When you are not using the boat, you can earn income by renting it out. The rental price depends on the type and size of the boat, but also its location. While making money from renting is possible, don’t expect to pay back all your expenses. Nevertheless, it will help you in avoiding your yacht becoming a financial burden. 

The easiest way to do this is to hire a professional charter company to help you. If you go for a reputable and experienced company, you will benefit from their expertise and contacts. It will also save you from legal, insurance, and withdrawal issues and avoid red tape.

On the topic : Yacht to Charter : Can It Be Profitable?

Fractional yacht ownership: share the cost of owning a yacht with co-owners

Another solution to own a yacht at lower cost is fractional ownership of a boat , which means that you own a fraction of it. It can be half, a quarter, or even less. For a long time, boaters have been opting for this option of partial ownership with friends or family. These days some companies create formalized fractional ownership arrangements for more guarantees. 

For example, in partnership with the Windward Islands, SAILING RESORT proposes fractional boat ownership on the fabulous trimaran, the LEEN 72’. So you can become a co-owner of the new hybrid-powered multihull which can accommodate up to 10 passengers and 4 crew members. You will enjoy private use of the trimaran (depending on the period) from 6 to 12 weeks during the first 5 years.

This program proposes a profitable commercial operation with 24/7 premium service. It is a tailor-made solution for all those who want to feel like owners of a prestigious yacht for a few days a year while limiting their investment and responsibilities. WI manages the operation of the yacht for you out of your personal use, like the charter’s organization, maintenance, insurance, annual mooring, and all other administrative tasks.

Once you have weighed the pros and cons and have the means to finance both the purchase and the annual costs (maintenance, operation, …) of your yacht, you should go for it! Indeed, if you can evaluate the hidden costs and expenses of owning a boat, the freedom and unforgettable memories are priceless. 

Yacht Charter remains a cheaper alternative than yacht ownership in many cases

If you can’t enjoy your yacht frequently or are still unsure about whether it’s worth the cost or not to own a yacht, you might consider chartering instead. This will allow you to try out different models , from various shipyards, and see which ones you prefer.

Therefore, the cost of renting a yacht will save you from having to worry about all those hidden costs of owning one. All you have to do is pay for your charter, your cancellation insurance and set your APA during your stay. This way, you only pay money, time, and effort when you use the boat.

What is the (true) cost of chartering the yacht you've seen? 💰⛵

The advertised prices of all charter companies do not include APA, VAT & other variable costs. 

Use our calculator to get a 100% FREE estimate of the REAL total cost of your next yacht charter! ⬇

Read also : SUSTAINABLE YACHTING: HOW IS THE BOAT INDUSTRY BECOMING MORE ECO-FRIENDLY?

Frequently asked question

For a 60-foot or million-dollar yacht, the cost per year will be about 10% of its value or $100,000 per year.

You should expect to pay about 20% or more of the original price of your boat to run it annually. So, for a $10 million yacht, the cost to operate will be about $2 million per year, including fuel, insurance, dock fees, maintenance and repairs, crew, etc.

A 180-foot superyacht and/or mega yacht costs a minimum of $4.75 million per year to operate and maintain. Kitty McGowan of the US Superyacht Association estimates an annual budget of $1 million for maintenance and repairs, $350,000 for dockage, $240,000 for insurance, $400,000 for fuel, and $1.4 million for the crew. Add another 15-25% of the vessel’s value for V.A.T.

Once you have weighed the pro and cons, if you can afford the purchase and all the hidden annual expenses, have found your dreamed yacht, and have time to enjoy it, you should go for yacht ownership!

It is not the best way to make money, but you can minimize your annual expenses by renting it or opting for fractional boat ownership.

It’s hard to tell. As long as you have the money and enough time to enjoy it, it is worth owning a yacht! Everything cannot be estimated. For example, it will bring you invaluable freedom and happiness.

One of the easiest way to reduce the maintenance cost of a yacht is to fractional yacht ownership. That way, the maintenance expenses are spread among co-owners according to their shares.

It varies greatly depending on the size of the yacht. For a yacht of 60ft (18m), you will likely spend around 10% of its purchase value each year in maintenance and exploitation costs.

Luxury yachts have maintenance and operation costs that are around 10% of their value yearly. So if a yacht value is 2 millions USD, its maintenance and operations costs should be around 200K / year.

Operating a sailboat is usually 20-40% cheaper than the same size motoryacht. Motoryachts tend to be more expensive to operate than sailboats as the fuel consumption can become an important expenditure fast.

A small yacht below 50ft is usually for sale between 500K and 2,5 millions USD / €. A mid-size yacht between 50ft and 100ft is usually for sale between 2-15 millions USD / €. Above 100ft, the selling price is rarely below 10 millions USD / €.

What is a Yacht Club? Benefits & Features Explained

Buying a yacht : the frequently asked questions, you might also like.

What differentiates a yacht from a superyacht or a mega yacht?

Chartering Requirements and Regulations: A Guide for Boat Owners

What are the Fastest Cruising Catamaran on the Market?

• Search Used Yachts For Sale
• Search Boats By Brand
• Search Boats By Type
• Search By Location
• Search By Price
• What's My Boat Worth?
• Search Boats Just Listed
• Small Yachts
• Custom Sport Fishing Boats
• Finance A Boat
• Amer Yachts
• Cabo Yachts
• French Yachts
• Gulfstream Yachts
• Hatteras Yachts
• Solaris Yachts
• Sunpower Yachts
• Sunreef Yachts
• Vela Boatworks
• Virtus Yachts
• Why List With United?
• Why Own A Boat Or Yacht?
• Custom Website For Your Yacht
• United Sold Boats
• Buy A Yacht With Crypto
• Find a Yacht Broker Near Me
• Search For Broker By Name
• Meet The United Support Team
• Our History
• Fort Lauderdale Boat Show
• Stuart Boat Show
• Miami Boat Show
• Palm Beach Boat Show
• Other Boat Shows
• Yachting News
• Yacht Closing Services
• River Forest Yachting Centers

Search All Yachts

United Yacht Sales Search By Price

The price of a used boat or yacht is always the number one factor when searching for your next vessel. united yacht sales has made it easy for you to search all used yachts for sale on the market today by breaking them down by price ranges..

Search All Pre-Owned Yachts

USED BOATS FOR SALE UNDER 100000

USED BOATS FOR SALE BETWEEN $100,000 - $200,000

USED BOATS FOR SALE BETWEEN $200,000 - $300,000

USED YACHTS FOR SALE BETWEEN $300,000 AND $400,000

USED YACHTS FOR SALE BETWEEN $400,000 AND $500,000

USED YACHTS FOR SALE BETWEEN $500,000 AND $600,000

USED YACHTS FOR SALE BETWEEN $600,000 AND $700,000

USED YACHTS FOR SALE BETWEEN $700,000 AND $800,000

USED YACHTS FOR SALE BETWEEN $800,000 AND $900,000

USED YACHTS FOR SALE BETWEEN $900,000 AND $1,000,000

USED YACHTS FOR SALE BETWEEN $1,000,000 AND $1,500,000

USED YACHTS FOR SALE BETWEEN $1,500,000 AND $2,000,000

USED YACHTS FOR SALE BETWEEN $2,000,000 AND $2,500,000

USED YACHTS FOR SALE BETWEEN $2,500,000 AND $3,000,000

USED YACHTS FOR SALE BETWEEN $3,000,000 AND $3,500,000

USED YACHTS FOR SALE UNDER $5,000,000

USED YACHTS FOR SALE UNDER $10,000,000

USED YACHTS FOR SALE UNDER $15,000,000

USED YACHTS FOR SALE UNDER $20,000,000

USED YACHTS FOR SALE UNDER $25,000,000

USED YACHTS FOR SALE UNDER $50,000,000

Speak To A Specialist

NEW 10m Tourist Catamaran

New boats for sale.

10 Million Dollar Yachts

Find the perfect yachts for sale under 10 million dollar.

Our website features plenty of yachts all around the world, discover the perfect yacht closer to you!

HIGH OCCUPANCY

S/Y TAMARITA

ISLAND HEIRESS

Contact Broker

Would you like us to call you back.

Your Name Your phone number Best time to call

Yachts for sale under 45m

Yachts for sale under 150ft

Save search.

Log in or create an account to save your search.

GRAN FINALE

USD 14,950,000

• Length: 44.8m (147ft)
• Guests: 12 guests in 5 cabins
• Built: 2002 (refitted 2018)
• Delta Marine

USD 14,500,000 (US duty paid)

• Length: 44.6m (146.3ft)
• Guests: 12 guests in 6 cabins
• Built: 2002 (refitted 2021)
• Royal Hakvoort Shipyard

USD 24,499,000

• Length: 43.9m (144ft)
• Guests: 11 guests in 5 cabins
• Built: 2016
• Crescent Custom Yachts

EUR 8,250,000† (EU VAT paid)

• Guests: 6 guests in 3 cabins
• Built: 1994 (refitted 2019)
• Royal Huisman Shipyard

SONG OF SONGS

EUR 20,000,000

• Length: 42.2m (138.5ft)
• Built: 2022
• Heysea Yachts

EUR 22,500,000

• Length: 41.8m (137.1ft)
• Guests: 10 guests in 5 cabins
• Built: 2023
• Custom Line (Ferretti)

EUR 15,750,000†

• Length: 41.4m (135.8ft)
• Built: 2016 (refitted 2021)
• Alia Yachts

EUR 7,250,000

• Length: 41m (134.5ft)
• Built: 2009
• Cantieri di Pisa

SERENITY II

EUR 7,450,000

• Length: 40.1m (131.6ft)
• Guests: 13 guests in 6 cabins
• Built: 2010 (refitted 2021)

EUR 8,750,000†

• Length: 40m (131.2ft)
• Guests: 9 guests in 4 cabins
• Built: 2006
• Alloy Yachts

You've viewed 10 of 36

Yachts for sale: under 150ft (45m)

The Burgess guide to Palm Beach International Boat Show

Price reduction on BIG EASY

PROJECT 515 is for sale

Price reduction on RUYA

BOMBADIL III is for sale

Price reduction on MUCHOS MAS

Price reduction on AD LIB

Price reduction on ICE BEAR

Sign up to our newsletter, stay in the loop.

Subscribe to our newsletter to keep updated with all things Burgess.

What would you like emails about?

• Chartering a yacht
• Buying or selling a yacht
• General superyacht news

In order to understand how we use and protect your personal information, please read our privacy policy .

• Mediterranean
• French Riviera
• Corsica & Sardinia
• The Balearics
• Croatia & Montenegro
• The Bahamas
• Caribbean - Leeward Islands
• Caribbean - Windward Islands
• British Virgin Islands
• US Virgin Islands
• New England
• Indian Ocean
• South East Asia
• French Polynesia
• The Red Sea
• Motor yachts for charter
• Sailing yachts for charter
• Latest offers
• Destinations
• New to charter
• Meet the Charter team
• Superyacht videos
• 360° yacht tours
• Corporate & event charters
• Inspiring charter ideas
• Charter FAQs
• Every day different

Charter NAIA

Available in the West Med or Adriatic this summer

Exciting fleet of tenders and toys to keep everyone active, plus gym, jacuzzi and on board masseuse

Available in the Balearics this summer

Exhilarating 25 knot performance, huge sunpad and open-air lounge plus stunning beach club

• Motor yachts for sale
• Sailing yachts for sale
• Yachts for sale over 200 feet
• Yachts for sale from 150 to 200 feet
• Yachts for sale under 150 feet
• Tenders and chase boats for sale
• Yachts under construction
• Meet the Brokerage team
• Berths for sale
• Sold yachts
• Yacht marketing
• Delivered yachts
• Yacht designers
• New Build Sales
• Meet the Technical Services team
• Meet the Yacht Management team
• Crew vacancies
• Meet the Crew Services team
• Procurement Services
• Charter Management
• Sales Management
• Yacht Marketing
• Meet the Insurance team
• 360 degree yacht tours
• Boat shows and events
• Office vacancies
• Talent pool
• Office locations
• Burgess in Asia
• Burgess Blue Oceans
• Strategic partners
• Press centre
• Company Operations
• Crew Services
• New Business
• Technical Services
• Yacht Management
• Burgess Impact Report 2023

Filter your results

• Yachts for charter
• Yachts for sale

Superyachts of 10m (33 ft) In Length

• Inspiration

Adapt your search results here:

How Much Does A Catamaran Cost?

Last Updated by

Daniel Wade

June 15, 2022

‍ Catamarans are known to cost more than monohulls. But what do new and used catamarans cost, and what can you sell one for?

New cruising catamarans cost between $200,000 and $1,000,000, with an average price of about $500,000. Used cruising catamarans cost between $200,000 and $600,000. Small recreational catamarans, usually under 20 feet in length, cost under $50,000.

In this article, we’ll examine the average cost of new and used cruising catamarans. We’ll also showcase the average prices of small recreational catamarans, such as the famous Hobie Cat. Additionally, we’ll cover the factors that influence new and used catamaran prices and how to get a fair price on your next purchase.

We conducted a careful analysis of the new and used catamaran market and reported our findings in this article.

Table of contents

‍ Factors that Influence Catamaran Prices

Catamaran prices are influenced by numerous factors, namely size, and type. Large catamarans are, predictably, more expensive than small catamarans. But unlike monohulls, catamaran sizes don’t vary extensively. Prices differ substantially between large and small catamarans, and so do their uses.

This is because there are two main types of catamarans on the market, and they’re vastly different sizes. The large type is the cruising catamaran, which is almost never less than 30 feet in length or more than 50 feet in length. The other type is the recreational or racing catamaran, which has no cabin and rarely exceeds 30 feet in length.

Small Racing Catamaran Cost

Small racing catamarans are a niche market, and their prices are pretty consistent for specific makes and models. These vessels don’t have a cabin, so people don’t usually spend hundreds of thousands for them. They’re fun boats for people who enjoy going fast on the water during weekends and at regattas.

Factors that influence small catamaran prices are usually its condition, size, and make. The most popular racing catamarans, like Hobie Cats, sell for anywhere from $10,000 to $30,000 depending on the size and condition. You can reliably find an open racing catamaran for less than $50,000, and usually around $10,000 to $20,000

New Cruising Catamaran Prices

Here’s where things get pricey. New cruising catamarans are some of the most expensive sailboats you can buy, second only to trimarans and other advanced aluminum and carbon yachts. New cruising catamarans never sell for less than $100,000, and the average price is around $350,000. A new cruising catamaran, depending on the length, can sell for up to $1,000,000.

New monohull sailboats are much less costly. A premium monohull built by a well-known manufacturer sells for between $175,000 and $250,000, with some outliers breaching the $350,000 mark. You can reliably expect a catamaran to cost almost double what a monohull of equal length does. That said, the additional comfort and unmatched speed are well worth the cost.

New Cruising Catamaran Cost Factors

What makes one new catamaran sell for $150,000 while another sells for $350,000? Other than size, there are a few factors that lead to such a dramatic price disparity for two seemingly similar vessels. The brand has something to do with it, but the design is the key element in pricing.

A basic cruising catamaran has few frills and utilizes standard hardware and sailing equipment. A high-end cruising catamaran in the same size and weight category has dramatically different equipment, automation, and even sailing characteristics. A high-end catamaran requires thousands of additional hours to design and develop hull shape, systems, and accommodation and thus costs significantly more.

And speaking of accommodations—the overall level of fit and finish below decks can contribute substantially to the price. High-end catamarans with central HVAC, advanced energy-saving systems, automation, and all the associated equipment add a lot to the initial cost. Additionally, high-end custom interiors require expensive materials and hours of specialized labor.

Basic cruising catamarans can be constructed and sold for little more than the price of a high-end monohull. This is because the accommodations and equipment used aboard are standard, and therefore not too disproportionately priced. Most cruising catamarans fall into this category, as they’re already quite expensive, to begin with without air conditioning, automatic sail controls, and carbon fiber masts.

Used Cruising Catamaran Prices

Used catamarans cost less than brand new models, but they still cost more than many brand new monohulls. The average price of an average-sized 40-something—foot used catamaran is around $250,000. Age doesn’t vary much, as these kinds of catamarans have only been popular since the 1990s.

The lowest price you’ll probably find for a used catamaran is about $100,000. At this price, you can get a smaller old catamaran or a vessel that needs work, like a new mast, new rigging, or hull repairs. This compromise is well worth it to some, who can save upwards of $50,000 by making repairs.

The priciest used catamarans typically top out at $700,000 to $1,000,000. These vessels, which range in size from 45 feet to 55 feet, are the cream of the crop and usually only a couple of years old. For example, a 45-foot 2019 Lagoon 450F with its advanced wave-piercing hull design and luxurious interior sells for around $550,000 to $620,000 used and sells for $635,500 new. As you can see, late-model catamarans suffer from very little depreciation.

Used Cruising Catamaran Cost Factors

The prices of used cruising catamarans vary wildly, as there are many more factors at play. The most significant pricing factor is the age of the boat. Newer and late-model catamarans built by respectable manufacturers cost almost as much as they do now, which is always in the $100,000+ range. This is limiting to many sailors who don’t want to spend a mortgage on a sailboat.

Older used catamarans are much more reasonably priced, and the condition is the primary factor. This includes the condition of the interior, rigging, and hull. Famous catamarans will cost more regardless of their age or condition, as these vessels have a large following due to some mystical characteristics like handling, speed, or seaworthiness.

Reputation plays a big part in the used catamaran world due to its relatively small size. Catamaran people know each other—and they all hang out on the same online forums. These people have an actual and quantifiable influence on used catamaran pricing.

Why are Catamarans So Expensive?

Many sailors wonder why catamarans cost so much more than monohulls. After all, it usually costs more to buy a 15-year-old 40-foot catamaran than a brand new 40-foot monohull. There are a few reasons for this, and it comes down to a combination of construction cost, demand, and ability.

Catamarans offer numerous undeniable handling benefits over monohulls. For one, they’re stable and dramatically increase passenger and crew comfort in rolling seas. They’re safe and easy to handle and very difficult to capsize. Additionally, they have much more usable interior storage and living space and accommodations for many people.

Catamarans have the upper hand with speed, as they aren’t bound by the restrictions of hull speed. Catamarans can sometimes travel at twice the speed of monohulls, which reduces costs and increases your practical cruising range.

Additionally, the cost to design, develop, and build catamarans is much higher than monohulls. Catamarans require careful engineering and strength of materials calculations, as the two hulls must be joined in the middle and also support the mast.

Catamarans use up much more material than monohulls, as they require two separate hulls with living spaces and an enclosed center cockpit area. The materials themselves are often higher quality, along with the additional cost of advanced and automatic winches, navigation systems, and controls throughout the vessel.

Design and materials alone can double or triple production costs for a catamaran, not to mention the expensive man-hours and skilled labor involved in the building process. The benefits catamarans provide to their owners keep prices high on the used market, and their limited production can never keep up with demand.

How to Tell if a Catamaran is Fairly Priced

How do you know if you’re getting a good deal on a catamaran, and what should you sell yours for? Many people consult catamaran dealerships and boat appraisers, which are a good “official” resource for boat pricing. That said, the online catamaran community shouldn’t be overlooked.

The forums are an excellent source of real-world expertise on catamaran pricing. As we mentioned previously, the ‘catamaran guys’ usually congregate online and keep track of the used catamaran market. Their consensus can help you figure out what a fair market price is—and what catamaran buyers are willing to pay. After all, they’re your target market.

Before asking, it’s a good idea to check the market yourself and see what other boats are listed and sold for. This can give you a ballpark idea of what to expect. On many boat trading sites, you can filter for sold listings and see what boats like yours recently sold for.

Related Articles

I've personally had thousands of questions about sailing and sailboats over the years. As I learn and experience sailing, and the community, I share the answers that work and make sense to me, here on Life of Sailing.

by this author

Buying a Sailboat

Most Recent

What Does "Sailing By The Lee" Mean?

October 3, 2023

The Best Sailing Schools And Programs: Reviews & Ratings

September 26, 2023

Important Legal Info

Lifeofsailing.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon. This site also participates in other affiliate programs and is compensated for referring traffic and business to these companies.

Similar Posts

How To Buy A Cheap Sailboat

August 23, 2023

How To Choose The Right Sailing Instructor

August 16, 2023

Cost To Sail Around The World

May 16, 2023

Popular Posts

Best Liveaboard Catamaran Sailboats

December 28, 2023

Can a Novice Sail Around the World?

Elizabeth O'Malley

4 Best Electric Outboard Motors

How Long Did It Take The Vikings To Sail To England?

10 Best Sailboat Brands (And Why)

December 20, 2023

7 Best Places To Liveaboard A Sailboat

Get the best sailing content.

Top Rated Posts

Lifeofsailing.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon. This site also participates in other affiliate programs and is compensated for referring traffic and business to these companies. (866) 342-SAIL

© 2024 Life of Sailing Email: [email protected] Address: 11816 Inwood Rd #3024 Dallas, TX 75244 Disclaimer Privacy Policy

• Yachting World
• Digital Edition

Through the Panama Canal in a yacht

• June 30, 2022

Transiting through the Panama Canal in a yacht is a once in a lifetime experience. We get advice on planning this unique passage from skippers who’ve crossed recently

Romeo hops over the guardrail at sunset. Our young Panamanian advisor, here to guide us through the first three ascending locks of the Panama Canal, politely turns down a Coca Cola, and accepts a glass of warm water instead as we make our way through the Panama Canal in a yacht.

We hoist the anchor, and begin motoring across The Flats – a sweeping, artificial anchorage built around the industrial city of Colon, writes Max Campbell.

Never have I felt this nervous before a passage. The root of my fear is being dependent on Elixir’s little Volvo Penta engine, something I don’t fully understand. For some reason this terrifies me.

My parents have flown out especially for the passage. The Canal transit has been a ‘bucket list’ trip my stepdad has been itching to tick off. We reach the entrance to the first of the Agua Clara locks, and it’s completely dark. The monstrous chambers are lit by a line of aggressive orange lights, and for a moment I’m lost in the enormity of it all.

Our first challenge is to come up alongside a 50ft catamaran. I’ve always struggled with the prop walk on my S&S Swan 37 Elixir , and the stiff tradewind isn’t doing much to help. With another monohull on the far side, we combine our three vessels into one and move through the locks in a confusion of lines and fenders.

We enter the lock behind the rusting hulk of a car carrier – its great steel hull, only an arm’s reach from the concrete walls. As the door closes, it seems as if everything is towering above us. Three locks raise us to a dizzying height of 28m above sea level. Before we enter Gatun Lake, we bid farewell to Romeo. The night is spent secured to a big, yellow mooring buoy, surrounded by the demonic screams of howler monkeys.

Container ship for company in the Panama Canal. Photo: Max Campbell

By 0800 our new advisor, Raphael, has leapt on board and the engine won’t start. Yesterday’s solid run had shaken a few things around. Despite Raphael’s scowling from the cockpit, we find the loose grounding bolt.

Within 10 minutes we’re hurrying through the isthmus of Panama, as the morning sun casts a stain on our improvised awning. Caymans dart across the channel, and all around us lies the endless tangle of Panamanian rainforest. This is the first time I’ve been inland on Elixir, and everywhere I look are dramatic views of the surrounding landscape. Vast tracts of jungle lead to rolling curves and deep channels gouged into the countryside.

It’s mid-afternoon when we arrive at the three descending locks. Instead of forming a raft, we’re instructed to enter the lock alone. Using our four, hired mooring lines, we park Elixir under the imposing bow of a Maersk cargo carrier. Four shore-based line-handlers lead Elixir from one lock to the next. After three slow descents, the final set of gates open, and for the first time in decades, Elixir ’s hull parts the Pacific.

The Panama experience

A Panama Canal crossing is a unique and significant moment. As a piece of engineering, the canal’s ambition is unrivalled, its construction representing both a remarkable achievement and a dark period of history which saw tens of thousands of workers killed by the venomous snakes, insects, and spiders which lay lurking in the Panamese jungle, as well as rife diseases including yellow fever and malaria.

The canal was finally opened in 1914, a chain of six locks covering 45 miles of waterway connecting the Caribbean Sea with the Pacific Ocean . The scale of each lock is vast: 110ft wide and 1,050ft long, and over 41ft deep.

These dimensions defined the biggest cargo vessels on the world’s oceans – Panamax ships – for over 100 years. In 2016 a significant extension was opened, with a new set of larger locks, known as the Agua Clara/Cocoli locks, over 1,400ft long, 180ft wide, and 60ft deep. The larger capacity allowed for giant NeoPanamax ships of up to 49m beam, carrying up to 20 rows of containers.

Yachts and smaller vessels continue to use the original Gatun/Miraflores locks. However, even the relatively smaller shipping which makes up the bulk of traffic in these locks can be intimidating.

We asked skippers and rally organisers who’d recently taken yachts through the Panama Canal for advice on preparing for a smooth crossing.

‘Smaller’ Panamax shipping and yachts use the original Gatun locks. Photo: Hemis/Alamy

The process

The first decision for cruisers planning a Panama crossing will be which approach to take. It’s widely recommended to allow some time to explore a little of the ABC (Aruba, Bonaire, Curacao) islands and San Blas Islands (indigenous name Guna Yala). The Oyster World Rally fleet all opted to go via San Blas islands. Allie Smith, head of events for Oyster, reports that as the yachts declared into Panama in San Blas, it reduced the formalities when they got to Shelter Bay, Panama.

A South American mainland stopover might appeal, but Venezuela is off the list for most cruisers at the moment due to security risks, though sailing Colombia , particularly Cartegena, is a popular alternative.

Another is sailing west up the Panamanian coast to explore Bocas Del Toro. For most the timings will be driven by passage lengths in the South Pacific, particularly allowing for islands closed to visiting yachts due the pandemic, and the South Pacific cyclone season (November to April). Hence most yachts cross between January and March.

The Oyster 565 Adalia enjoying the San Blas islands prior to transiting the Panama Canal. Photo: Oyster World Rally

Nick Bubb transited the canal with his family in their Nautitech 40 in March this year. “To maximise our time in the Pacific we were keen to transit the canal by at least mid-March and were ‘on a schedule’ since leaving the Canaries at the end of November. Happily it all worked out and, after several wonderful months in the Caribbean, we had a fantastic time in Bonaire and ended up staying there an extra week to ensure we got a good weather window to head to the San Blas Islands.

“We’d considered stopping off in Cartagena, Colombia, but it was just too windy. The weather off the Peninsula De La Guajira is notoriously bad and, despite waiting for a window, we still had over 30 knots and 3-4m seas at times.

“If you were organised and prepared to potentially sail upwind a little you could head direct to Shelter Bay Marina, get measured and then pick a date (within a two month window after measurement) and head off to San Blas before returning to transit the canal on your chosen date. This would certainly help if you have friends coming out to join you.”

The next stage is getting measured, and booking a transit date. This will vary depending on the time of year you want to cross. Bubb explains: “For a regular cruising boat that’s not part of a rally, it’s not really possible to book a transit date until the boat has been measured by the canal authorities. Like most people, we arranged this in Shelter Bay Marina, which is just a few miles from the canal entrance on the Caribbean side.

“Prior to our arrival in Panama, we were in contact with our agent (Erick at Centurion) trying to arrange a measurement date, however you can’t get this until you arrive and it’s not usually possible to be measured over public holidays, or on weekends, so if you’re keen to limit your waiting time, try to avoid these! We were given a transit date 12 days after being measured, which seemed pretty typical for a fairly busy time of year. We took care to arrive just after the Oyster World Rally and the World Odyssey 500 fleets had gone through, in order to avoid additional delays.”

Skipper Nick Bubb opted to take trusted friends as line handlers. Photo: Nick Bubb

Max Campbell, who crossed slightly earlier on his Swan 37 Elixir, experienced a similar time frame. “Three days after our arrival in Shelter Bay, a member of the Canal Authority came to measure Elixir, and issue our Ship Identification Number. I requested a transit date eight days later, in order to allow the line handlers to arrive. We arrived in a particularly busy time, alongside the Oyster World Rally and the World ARC. The longest time I heard of anyone waiting was three weeks.”

It’s a different experience if crossing with a rally. Allie Smith says she booked the week-long time slot that the 23 Oysters on the World Rally would transit the canal some 20 months in advance, and has already booked the crossing for the 2024 rally, although even for a large group of yachts precise dates and timings won’t be confirmed until the last minute. Yachts that had arrived in Shelter Bay before the Oyster fleet had a two- to three-week wait for their transit.

The measurement process involves the yacht being physically measured to include davits etc. For yachts around 65ft LOA any additional length can nudge you up a price bracket, increasing the costs considerably. “We had more boats in the bigger category than we expected, even after we’d sent in all the measurements of the boats,” explains Allie Smith. The measurer may also check mooring lines, holding tank facilities, and ask about engine speed and manoeuvrability.

Agents and advisors

For yachts not crossing as part of a rally, most owners pay for an agent to smooth the process. Bubb explains: “We’d recommend using an agent, especially in this Covid era, we didn’t meet many boats who hadn’t. Agent fees are $350 and made life a lot easier. They arranged all our paperwork and measurement certificates, plus booked the transit and generally saved a lot of faff and stress! The rules and regs seem to be always changing, so it can be a bit of a minefield. Erick also arranged things like fumigation, which is a requirement prior to departure for the Galapagos, along with the immigration and customs formalities.”

Heavy duty tyre fenders can be rented. Photo: Behan Gifford

Max Campbell also recommends taking an agent. “You can save yourself $200-300 by doing the work yourself, but personally I feel it’s well worth it. If you join the Panama Cruisers, you receive a discount for the transit, which is worth more than the price of joining, making you a saving!

There are also security risks to not taking an agent, Campbell explains: “With an agent, you can pay for the whole lot (canal fee, cruising permit, lines and fenders) with a bank transfer. They also usually cover the buffer fee, which is a deposit of $1,000 that is returned after the transit. If you don’t use an agent, it’s only possible to pay for your transit directly to the Canal Authority in the city of Colon.

“The Canal authority requires payment in cash, and the nearest cash machine is a few blocks away, in the middle of a city not known for its security.”

While an agent is optional, taking a canal advisor is not. An ACP Canal Advisor will be on board throughout the transit, usually a different one on each day. Advisors instruct skippers on how to navigate the locks, but skippers remain in charge of their own vessels. The advisors have thorough knowledge of the unusual currents in the canal, and may give instructions that seem counter-intuitive. They may also have varying experience of yacht handling.

Rafting overnight in Lake Gatun (don’t be tempted to swim, there are crocodiles!) Photo: Oyster World Rally

Bubb reports: “It’s important to remember that you have canal advisors on board, not pilots. They don’t take on any actual responsibility, don’t know how your boat will respond when manoeuvring, and we found they often went missing at key times. You are the skipper and you need to remember that.”

Yachts over 65ft have to pay a higher rate for what is referred to as a ‘pilot’ rather than an advisor, though this only demarks seniority, not a change of role. “There’s no difference at all apart from the fact that the pilot is automatically in charge, for example, if one of the rafts has two boats with advisors and one boat with the pilot. But they do exactly the same job,” explains Smith.

Article continues below…

In addition, each boat is required to have four line handlers (who must be over 16). It’s possible to recruit paid handlers via an agent, or find volunteers among other yacht crew in Shelter Bay wanting to gain experience before making their own transit. But there are advantages to taking known and trusted crew if possible.

Nick Bubb explains: “We opted to take three friends with us. A lot of people advise paying experienced locals to join you but I felt having strong guys who spoke perfect English was probably more useful. There are so many videos online that even if you haven’t been through before, you can really build up a lot of knowledge before you do it for real!”

You must have four lock lines (minimum 125ft long), plus springs for rafting, and plenty of robust fenders: usually a combination of the boat’s own fenders and rented black plastic-wrapped car tyres. Decks should be kept as clear as possible, and it’s advisable to cover solar panels with plywood or seat cushions to protect from the monkey fist knots on the end of lines thrown by the shore handlers. Allie Smith noted that some yachts experienced water coming up through hull seacocks, such as fridge drains, due to the water pressure as the locks fill.

Nick Bubb and family made a successful transit of the Panama Canal on their Nautitech 40 Quickstep Two. Photo: Nick Bubb

There are a number of scenarios for transiting the canal, including being a raft of up to three yachts abreast in the middle of the channel (known as centre chamber lockage); rafting onto a tug boat or small commercial vessel, such as a tourist boat; or tying onto the lock walls (the least preferable due to the risk of rig damage). Line handlers on the outside vessels manage the lines ashore.

If in a raft alongside other yachts the advisor on board the centre yacht will take the lead control. Nick Bubb explains: “The biggest boat by combination of length and horsepower will go in the middle of your raft, assuming you end up in the typical three-boat raft.

“A catamaran (assuming two engines) is very easy to manoeuvre under engine, but you’re slightly at the mercy of the central boat in the raft and really only there to help keep it straight.”

Bubb advises: “It’s definitely worth having a good chat to the other skippers in your raft as soon as you can, so you build up a good rapport. With a bit of insider knowledge from your agent, you might be able to figure out who you’re going to raft with the day before, so this makes things a bit easier.

Panama Canal at night. Photo: Max Campbell

He adds: “The load on your mooring cleats can be enormous so make sure they are in good shape with big backing plates etc. As we left the last Gatun lock, the ship ahead of us (they go ahead on the way up and behind on the way down) went full throttle and with the ensuing turbulence, we got thrown about all over the place. At one point all three boats were hanging off our stern cleat and the loads were huge.”

Allie Smith also recommends getting to know who you’ll be rafting with. As all the crew on the Oyster World Rally were known to each other, they rearranged boats and crew where necessary to ensure yachts with the most confident skippers were in the centre of the raft, while the most experienced line handlers replaced less experienced guests on the outside boats. “The boat in the middle has four spare crew that weren’t needed to do the lines, so we swapped them in and out so that we had people who knew what to do on the lines because, believe me, the pressure on the lines at some point will be pretty huge.”

Rafting up in the Panama Canal. Photo: Behan Gifford

Otherwise, Bubb’s main advice is to be thoroughly prepared. “Getting everything possible sorted in advance is a bonus. Aside from what’s going on with the boat, having lots of snacks and drinks is useful, with the extra line handlers, just feeding everyone is a full-on job! There is really good provisioning in Colon – Shelter Bay Marina offers a free shuttle bus into town and if you spend over $600 in the supermarket they give you a free ride back to the marina. Having all our supplies sorted prior to transiting minimised our time around Panama City.”

Overall, Bubb says, “it was fairly straightforward, super-interesting and quite a lot of fun! It was also a lot easier than sailing around Cape Horn!”

Panama Canal in a yacht costs

Fees for smaller vessels transiting the canal were raised in January 2020, meaning that post-pandemic costs for yachts which have delayed their entry to the South Pacific can be double those who crossed before 2020.

There is a jump in costs for yachts over 65ft, with the transit toll increasing from $1,600 to $2,400.

For yachts under 65ft which crossed in 2022 total costs were around $2,500.

Typical costs included: Canal Transit fee $1,600 Transit inspection $75 Transit Security fee $165 Canal EDCS (Electronic Data Collection System, transit booking form) $75 Agent fees $200-$350 Fenders & line rental $75-$200 Line handlers (if required) $100 each Cruising permit $235 Marina fees $300 Bank charges $60

If you enjoyed this….

Yachting World is the world’s leading magazine for bluewater cruisers and offshore sailors. Every month we have inspirational adventures and practical features to help you realise your sailing dreams. Build your knowledge with a subscription delivered to your door. See our latest offers and save at least 30% off the cover price.

How Much Does Yacht Insurance Cost? (4 Examples)

Before you get a yacht, you need to know all the associated costs, and the insurance part plays a significant role.

In this post, we tell you everything you need to know.

Owning a luxury yacht is a lot more than having millions of dollars to spend and then setting sail.

When it comes to owning any watercraft, luxurious or not, the owner must take a lot of responsibility into account. One of those responsibilities is insurance.

How much does it cost to insure a yacht?

The generally agreed rule is that you will pay about 1.5% of your boat’s value in annual rates for insurance – this is subject to change depending on the value of coverages and your insurance company, though. We’ve used this calculation method to generate our chart above.

When it comes to pricing out insurance – without getting an insurance quote directly from an agent – pinning down an exact number is very difficult.

This is because quoting a boat, car, or home depends on the person, their driving or claims incident record, history of sailing, the year- make, and the model of their specific boat or car.

Table of Contents

How are Yachts Categorized concerning Insurance?

A “boat” is any vessel that is 26′ and smaller. These will have basic coverages and feel more like auto insurance policies.

However, a yacht is classified as 27′ and larger, which will have broader, more specialized coverage. This is because yachts are more complicated, faster, bigger, and hold more stuff.

Specialized Yacht Insurance

We’ll get into more basic coverages below, but you should know upfront that yachts are very special and particular in the event of accidents or issues.

One person or family will usually own a yacht, but the actual sailing of a yacht comes down to a hired crew – depending on the size.

That means that you will have ’employees’ on your yacht.

Because of this, those employees will need to be covered or protected in case of injury or fatalities during a voyage or docking.

Harborworker’s and Longshoreman’s coverage – as well as Jones Act coverage (for your crew specifically) – will be required for yachts that have crew or employees to help maintain, sail, or dock your yacht.

What Does a Yacht Policy Typically Cover?

Like auto and home insurance, Yacht policies are meant to cover physical damages to the boat, passengers on the boat and, liability expenses, and your personal property on the boat.

Liability and Lawsuits

There is a big difference between liability and medical coverage when it comes to insurance.

Liability is coverage if someone or something is damaged by your yacht and you are found at fault for the incident.

Medical coverage , or personal injury protection, is for you and your family if you were to get hurt. However , this is not automatically covered on all boat policies and may have to be added.

Let’s say you’re done after a long day of sailing and are pulling your massive, 50ft yacht into port. However, in a complete accident, you run into the dock and cause massive damage, which also sends one of your friends tumbling overboard.

Even though your yacht isn’t damaged, your friend has hurt their ankle, and the dock has been severely damaged.

This is where liability comes in.

Liability insurance covers any lawsuits or property damage that you, yourself, commit, whether it is an accident or intentional.  Medical coverage will pay for the friend’s expenses, if necessary.

If you have a great yacht or boatowners insurance policy, you should be covered for at least one million dollars worth of lawsuits for your friend and the dock – but that means your insurance will cost quite a pretty penny per year as well.  This may be called Protection & Indemnity coverage.

Related Article: How Much Do Yacht Club Memberships Cost? 5 Examples

Property Damage or Physical Damage

This is where damage to your yacht comes in.

Say you hit the dock when pulling into port – like above – only this time your yacht is severely damaged as well and needs to be repaired for thousands of dollars.

Having great insurance coverage on your yacht will protect you in this situation and will most likely take care of any damages you have – minus your deductible on damages, which can be as high as $1,000.

You always have to pay the amount of your deductible on boatowners insurance, regardless of fault or if it was an accident – so keep that in mind.

For example, if damages to your yacht are $30,000 and you have a $1,000 deductible, your insurance company will only pay you $29,000.  This is typically called Hull coverage.

Damage Values and Policy Types

Remember that insurance companies will rate the depreciation of your boat, age, wear, tear, and model when deciding payout on the damages.

This is called an “actual cash value” policy where depreciation is considered.

A new yacht may be worth $500,000, but that value could decrease exponentially after it ages ten or fifteen years.

In contrast, an “agreed value” policy for your boat will set the original value of the yacht in stone (or some other agreed value) and will be the maximum payout value in the event of an accident or total loss of the boat. However, this type of policy can be more expensive.

Personal Property or Personal Items

Personal property onboard your yacht is also protected under your insurance policy to a certain value limit that you and the insurer agree upon.  This is usually called Personal Effects coverage and has a separate limit and deductible from the Hull insurance.

This property includes furniture, clothes, electronics, swimming or boating gear, and anything that isn’t part of the yacht itself.

If you throw a party and one of your friends steals something – like a wine glass or television – you’ll be covered under your insurance after your deductible.

For example, if your deductible is $1,000 and someone steals $3,000 worth of stuff, or it burns or even if the whole boat sinks, you’ll only get $2,000 back from your insurance company in personal property value (they will pay for the yacht if it sinks or burns, don’t worry).

However, if someone steals your $10 wine glass, and you have a $1,000 deductible, you won’t get any money back from the insurance company because your loss does not exceed that $1,000 requirement.

Very special or expensive personal property (see under “Additional Coverage Options”) aren’t always covered under your policy and may need additional coverages or endorsements.

Related Article: How Much Do Boats Weigh? 11 Types (Numbers & Pictures)

• Comprehensive Insurance

If you have a car and someone steals it, if it burns, if a tree falls on it, or if someone spray paints it in a supermarket parking lot, you’ll be covered under comprehensive insurance.

This is the same for your boat, but every insurance company handles it differently.  These types of damages may be part of the Hull coverage.

For example, if your boat is stolen or an accidental fire onboard caused massive damage, your insurance company will cover it for those losses, according to the policy’s provisions.

Additional Coverage Options

Additional coverage – or “endorsements” – are available for added costs and fees to include in your yacht insurance policy:

• You can ask that specific or “special” personal property (i.e., diamond engagement rings, super expensive fishing equipment, or Rolex watches) are covered for their full value. Note: these items are usually costly and have to be appraised by your insurance company to insure them, as they don’t qualify under personal property normally.
• You can add emergency towing service for your boat if it breaks down on the water and you need a lift back to shore.
• Oil spills or fuel spills can be covered if your boat accidentally emits toxic chemicals in the ocean or lakes.  This is often included for no additional cost.
• Consequential damages are ofter excluded, so you should ask your insurance professional about that.

There are many more little things to watch out for in insurance situations, so make sure to ask your insurance agent about any worries or specific needs you might have.

What are the Requirements for Insuring a Yacht in the U.S.?

To fulfill the requirements of ensuring a Yacht in the United States, you will need to start with the basics of boatowners insurance and go up from there.

Required Information for an Accurate Insurance Quote:

• Valid Driver’s License
• Personal Boating History
• Past Accidents or Claims History
• Boater’s Safety Certificate (not needed in all States)
• Year, Make, Model, Length, and Maximum Speed of Yacht
• Hull, Motor and Trailer Information of Yacht

Typical Coverages for Yacht Insurance:

• Personal Property and Effects
• Liability and Medical Payments Insurance
• Physical Damage or Collision Insurance

You can add additional coverages or endorsements as listed above.

Extra Yacht Requirements

Just as we’ve stated above, yachts require specialized insurance such as Harborworker’s and Longshoreman’s coverage – as well as Jones Act coverage.

This is to protect any employees, harbor workers, marina workers, or anyone else that may get harmed or injured while caring for your yacht.

Ensure you have the correct legal insurance required for your state, as some will vary.

Related Article: How Much Gas Do Boats Use? 5 Boat Types Explained

Can Car Insurance (or Home Insurance) Cover a Yacht?

Only yacht insurance protects the yacht itself.

The most important thing to remember is that buying a boat means most likely getting insurance.

There are too many factors and stipulations and laws surrounding boats that will require it, so trying to cover it a different way is never a good plan.

Home, Car, and Boat owners have a responsibility and duty to themselves and those around them to be insured, especially if the worst should occur.

Some people think it is okay to skip out on insurance – thinking that they will be safe and nothing will happen – but everyone must always think about the future, themselves, and anyone who might be on board their watercraft.

Auto & Renters Insurance Exceptions

However, auto insurance can stretch to the trailer that holds your boat while it is in transit, as well as damages that may be caused by your boat trailer if you take a turn too close.

Renters insurance also has the potential to protect your personal property – such as clothes, furniture, or other items – no matter where it is. If you were to be robbed on your boat, you could replace your belongings with a renters insurance policy.

Does AAA Offer Boat Insurance?

AAA does offer boat insurance just like any other insurance company.

They offer specialty policies for boats and personal watercraft, such as jet-skis. Ask your local AAA agent if they offer yacht-specific policy endorsements or options.

References:

Yacht Insurance Requirements

Click to share...

• Search forums
• Practical Boat Owner's Reader to Reader

How much does a transit on the Kiel Canal cost? (10m yacht)

• Thread starter savageseadog
• Start date 2 Mar 2008

savageseadog

Well-known member.

Ok tried now for over half an hour on google trying to find figures and cant. Anyone know?  

Seven Spades

http://www.kiel-canal.org/english.htm Seems to be charged on gross tonnage not length.  

Last year I paid 41 euros for a 16m yacht transit. I do this trip regularly - if you want any other info - just ask. /forums/images/graemlins/cool.gif  

In 2005 it was 10 euros for a 30 fooer J  

In 2002 it was 17 Euros each way for a boat between 10.0 and 14.0 metres.  

Yes, something around £10 for 10 metres in 2006.  

Just to keep the pot boiling the 2008 rates are certain to be a lot cheaper than the alternative. /forums/images/graemlins/cool.gif  

Sy-Revolution

Active member.

Cost us about a tenner two years ago, 11 meter yacht. Just don't run out of diesel!  

I paid €18 for a 12 metres boat. Got superior service in the locks. This must easily rate as the best value for money of any canal in the world! But, as said above: bring plenty of diesel as it is a long journey and it is not easy to get new supplies at the North Sea end. Better at the Kiel end as there is a fuel barge there. Going westwards; you have to sail to Helgoland to re-fuel, but that is tax-free so the detour is not that burdensome.  

PIGLETSDREAM

There is a marina of a sort in Rensburg about halfway along, we filled up with diesel, water and supplies. It appears to be full of liveaboards, but they brushed the snow of the pontoon last March when I was last there.  

About 18 euros each way is right. It's not a prohibitive sum. There is only one pay office - at the central tower in the locks at the Baltic end - lots of stairs to climb to get to the office. Both ends have locks with large wooden platforms at water level - get down and secure to them, with fenders at water level - there are nasties on the platform edges that can spoil your day! Waiting time at the Elbe end can be 1 hour or more - commercial is given priority. You may go in alongside a very large vessel, watch out for water churn in the lock. Stay a little way off the banks as you motor along (sailing prohibited) as passing ships can suck the water away from under you and crock your keel! Traffic lights - all the way: watch out for all red lights when they show you'd better stop. It's great fun and suprisingly green. There are no stopping places en route, besides Rendsburg, only huge mooring piles. Remember this is Germany: fines are part of the way of life, to ensure absolute compliance at all times. Yawohl! Be very careful when crossing shipping lanes anywhere along the German coast/ entrance to the Elbe - hold back if anywhere near a commercial, and cross at 90 degrees (eg en route to Helgoland). Fines can be several hundred euros (fact!) and payable on the spot. PWG  

The thread brings back very fond memories from 2005, thanks for that. It's incredibly low cost / great value for money. From memory, the Imray guide gives very good pilotage details and lists all mandatory requirements to have on board. There are adequate stopping places, we anchored overnight. No problem finding diesel and water. One of the most memorable 98 kms I've ever motored. I took a shot of my boat moored at the north sea end alongside a multi-story cruise liner. It made me quite humble! Hope you enjoy your cruise.  

Allingernet

1. Do not worry too much about the german Policemen and fines. You can cross the fairway of the ELBE like you want. I'm sailing my sailing boat on the Elbe, and if would have to cross the fairway always at 90° I would not be able to sail at all ! Just take care of the large Vessels and listen (if possible) to Brunbüttel Elbe traffic (VHF 68). The story is another for the TSS Grman Bight (there, the 90° rule is to be applied and watched). 2. The Administration of the Kiel kanal has produced a brochure in english available at the locks in Kiel (where you have to pay), at the museum of said canal in Brundbüttel and also at the harbourmasters office at the yacht harbour just next to the locks (gratis). There all the relevant rules for leisure carfts are explained. 3. There are more than one overnight stopping facilities in the Kiel Kanal. 4. The journey through the Kiel kanal takes about 10 h (roughly 100 km =50 NM). 5. For those, who like me have a small boat : If you have canisters (5, 10 or 20 l) and if you are ready to pay for a taxi, you can also get petrol at a petrol station located nearby the new shopping centre in the west of Brunsbüttel. The guys at the pedestrian exit of the lock area are, if you ask them politely even able to borrow you an old bike (takes 30 min by said bike).  

Came through back to the North sea last year, don't forget Helgoland is worth a visit too.  

• 22 May 2018

ctelfer38 said: Last year I paid 41 euros for a 16m yacht transit. I do this trip regularly - if you want any other info - just ask. /forums/images/graemlins/cool.gif Click to expand...

Hi I spotted your post and wondered how long to allow for transit.  

advscot said: Hi I spotted your post and wondered how long to allow for transit. Click to expand...

• 31 May 2018

BelleSerene

You can do it in a day - so long as there’s enough daylight as you’re not allowed to be underway in the hours of darkness - but most people recommend breaking the passage with a night in Rendsburg or in one of the more peaceful berths which are (I paste from a passage prep note of my own): Gieselau Lock at 40.5km/ Lake Obereider (entrance off 66km)/ Lake Borgstedt (67.5km and 70km)/ Lake Flemhude (85.4km). http://www.wsa-kiel.wsv.de/Service/Publikationen/Anlagen/engl_Merkbl_Sportbootfahrer.pdf http://www.wsa-kiel.wsv.de/Schifffa..._ENGLISCH_NOK-Sportboot-Befahrungsabgaben.pdf Noonsite says it’s ~€55 but how about calling them.  

In 2017 it was €18 for a yacht up to 12mtrs.  

It's an easy day trip, but can be a bit boring in places if you've done it before, so our preferred transit in later years was Cuxhaven-Rendsberg, Rendsberg-Laboe or Moltenort. In spite of what I have said, there is often a lot to see on the way, as well as the fun of dodging ships and ferries. There is often plenty of wildlife, with waterfowl such as Egyptian geese and even goosander or eider, and a lot of birdsong from the banks and usually several buzzards. There is even a lagoon with mooring posts and a beach where people swim.  

Other threads that may be of interest

• ColourfulOwl
• 13 Mar 2024
• Liveaboard Link

Members online

• Cymrogwyllt
• Old Pretender
• GunfleetSand
• oldmanofthehills
• PeterWright
• Quiet Piper
• Motor_Sailor
• Charlie Boy
• Puffin10032
• Fr J Hackett
• Slipstream 34

Share this page

Savannah school district’s health insurance costs to increase by $10.4 million in 2025

For Fiscal Year (FY) 2024, the Savannah-Chatham County Public School System (SCCPSS) employee health insurance costs rose above $70.2 million, of which $28.8 million was covered by the district.

For FY 2025, the district's share is expected to increase to nearly more than $34.5 million, or 43% of the total, as the cost burden of state mandates continues a shift to local districts. The bracing news was delivered at Wednesday's Financial Advisory Committee meeting by SCCPSS Budget Director Paige Cooley

The state funds a portion of those insurance costs, but the district makes up the difference for non-certified employees as well as certified employees beyond the 2,185 who are state-funded.

Cooley also calculated a proposed FY 2025 Cost-of-Living Adjustment (COLA) at 5.5% for all personnel would add roughly another $15.9 million to the budget.

SCCPSS new committee: Savannah-Chatham schools empanels finance committee, shares sobering audit report

Literacy: Another unfunded state mandate

The state’s mandate for Georgia school districts to cover certain healthcare costs are not the only unfunded mandates that state legislators have passed in recent years.

Unfunded or partially funded state mandates for education are not uncommon. Another recent state mandate that has required a large financial investment from SCCPSS was the March 2023 passage by the state legislature of House Bill 538 or the Georgia Early Literacy Act .

The act required that "each public school and local school system shall provide instructional support for kindergarten through third grade teachers that shall include: (i) Onsite teacher training on the science of reading, structured literacy, foundational literacy skills, and evidence based decision making."

It also required that "local boards of education...approve high-quality instructional materials for students in kindergarten through third grade and to administer universal reading screeners multiple times each school year to students in kindergarten through third grade," Both requirements are to be covered by the local districts.

During the SCCPSS  school board’s September 2023 meeting , members approved the $2.7 million purchase of the  Language Essentials for Teachers of Reading (LETRS)  training suite. More than 1,100 kindergarten through third grade teachers have been undergoing the training since January. 

During the board's February meeting, members approved the $20 million, six-year adoption of Houghton Mifflin Harcourt’s  Into Reading (K-5)  and  Into Literature (6-12)  as the districtwide Tier I Reading/English Language Arts (ELA) textbook, as well as  Waggle (K-8)  and  Writeable (3-12) .

SCCPSS purchases new textbooks: Savannah-Chatham schools approves $20m for literacy curriculum, names literacy officer

September School Board meeting: $2.7 Million approved for literacy training suite

Literacy training kickoff: SCCPSS starts teacher training with fanfare and film screening

American Rescue Plan funds and Fund Balance surplus

The financial advisory committee also reviewed the American Recovery Programs Grant Budget Transition report and the General Fund Balance update provided by Chief Financial Officer Larry Johnson.

The 2021-25 ARP Grant Budget Transition gives an itemized look at how the district has and will continue to cover certain expenses or sunset them as ARP funding runs out.

The general fund update provided insight into the district's options for how to assign funds "should the Unassigned Total Fund Balance of the General Fund exceed five months of budgeted expenditures."

Johnson said that options could be to:

• Use excess funds for one-time expenditures that are non-recurring in nature and that will not require additional future expense outlays for maintenance, additional staffing or other recurring expenditures; or
• Consider transferring excess funds to a separate Capital Accumulation Fund (Committed Fund Balance); or
• Return excess funds to the Unallocated General Fund

The general fund currently exceeds three months of budgeted expenditures. Johnson said, "As a district we try to keep at least three months. That's always been our goal." That goal for this year is roughly $141 million, Johnson said. The current fund balance is a difference of $58 million.

To reach the desired three months worth of budgeted expenditures, Johnson provided some potential uses for the surplus funds to balance the general fund. Those potential uses were not approved administration suggestions, rather options for consideration, including:

• Technology Equipment Replacement & Repairs
• Facilities Maintenance & Operations
• Capital Projects Deferred Maintenance
• Long Range Facilities Plan - Phase II
• FY25 & Beyond Use of Fund Balance
• West Chatham Land Purchase & Development

District 7 Board Representative Michael Johnson was glad to see the land purchase mention for West Chatham. "We're about a decade behind on that one," he said.

He acknowledged that the district has been speaking to a Realtor. "We don't know the exact budget for that but...I just would like the public and staff to know that [the land] needs to be a priority because we might not be able to build a school tomorrow, but at least if we had the land to be able to build a school, that would definitely help to relieve some of...the issues that we've had with overpopulating other schools because of the expansive growth that is out there and the Pooler area."

Superintendent Denise Watts, Ed. D., responded to Johnson's note by advising that a contracted enrollment study is forthcoming. She stated that she had read a draft of the study on Tuesday. "Western Chatham County will definitely continue to grow. The entire Savannah-Chatham area is predicted to grow way faster than the state, and there are parts of the city that will grow faster than others."

She recommended the enrollment study help the district pinpoint the pockets of growth and allow the district to plan accordingly.

Joseph Schwartzburt is the education and workforce development reporter for the Savannah Morning News. You can reach him at [email protected].