#BetterDecisions Yacht Talk and Yacht Insurance | What you need to know

We are getting ready for the Fort Lauderdale International Boat show. The economic impact of FLIBS was $1.79B last year with over 100,000 attendees. That is alot of boat trading.    This installment of the Better Decisions Podcast is all about things you need to know when bringing home a new boat.💦 Our Fort Lauderdale Waterfront Homes Expert, Elaine Tatum interviews Laura Sherrod with Newcoast Insurance.   Laura has spent her lifetime around the yachting industry. Her family owned the first shipyard in South Florida. It's where she grew up. Laura's career spans more than 30 years specializing in yacht placements with the best names in the yacht insurance industry.    Listen in for some "Yacht Talk" and learn a few things to help you make a better decision.  Chapters: 00:00 Introduction 00:42  Fort Lauderdale International Boat Show statistics 01:19 Guest Introduction: Laura Sherrod, Yacht Insurance Specialist with Newcoast Insurance 03:18 Laura Sherrod's family maritime history 05:04 Miami Yachting history 06:56 Laura's early introduction to Yacht Insurance Industry 09:06 The main reason for the "Yachting" industry to take off. 09:54 Comparisons of boating and yachting 10:50 Fort Lauderdale is Yachting Capital of the World 13:33 What considerations to make when purchasing a yacht. 16:58 Importance of Hurricane Plan 21:15 Why yachts come and go in Fort Lauderdale 23:25 Importance of a Yacht Manager 24:53 Things to consider when vessel behind the house. 26:09 Discounts based on location of vessel. 30:58 Benefits of getting Insurance Advisor involved early in purchase process 32:00 Newcoast Yacht Insurance and Finance Services    Useful links: Laura Sherrod of Newcoast Insurance: https://www.newcoast.com/laura-sherrod  Search Fort Lauderdale Homes for sale: https://luxlifemiamiblog.com/fort-lauderdale-real-estate/fort-lauderdale-homes-for-sale/ Search Fort Lauderdale Condos for Sale: https://luxlifemiamiblog.com/fort-lauderdale-real-estate/fort-lauderdale-condos-for-sale/  Previous Podcast Episodes: https://luxlifemiamiblog.com/category/podcasts/  Elaina Tatum | +1 (305) 793-0540 | [email protected] www.luxlifemiamiblog.com