Rising demand for yachts faces hard market for mid-sized vessels
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Rising demand for yachts faces hard market for mid-sized vessels

Aerial view of super yachts in harbor on the Mediterranean coast

As demand for yachts increases across the US, the recreational marine insurance space is stabilizing following years of a hardening market. But sources say that capacity for mid-sized vessels is still restricted, with pricing going up in the segment and carriers including tighter terms and conditions.

Demand for yachts has increased significantly in recent months. For superyachts alone, sales soared 77.4% to 887 units in 2021 from 2020, according to market observer VesselsValue.

For

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