How to Choose the Right Yacht Broker

If you’re ready for the worthwhile life-long investment that is a yacht, then the first step to take is choosing the right yacht broker. Not every broker is the same. It’s going to require a little research to figure out who will find the best yacht for you, your family, and your needs.

Do you want a new yacht? What about a used one? How big is your ideal yacht? Just like purchasing a car, picking out the right yacht takes time. There are certain characteristics that owners look for, and these characteristics will make a big difference in the price of your yacht and the experience it offers. If you stay up-to-date on the yacht market, picking out a new toy doesn’t have to be complicated. These are some of the things to consider as you shop around yacht brokers.

Look at Their Experience

Consulting Yelp or other review sites could be pretty helpful for when you need to find an experienced broker. Newer establishments could also be good, but it helps to have client testimonials that give you a better idea of what a broker’s practices are and what kind of service you can expect from them.

Paying attention to reviews, former official client testimonials, and advice from specific yacht groups are some of the best ways to get your yacht search started. Look into groups like the Yacht Brokers Association of America, which offers certified programs. That extra certification is a safety net. If a yacht broker violates any policies they could lose their entire certification and membership.

Just a little research can prove to be highly indispensable. If you jump the gun and just buy a yacht off of anyone, things can go awry, and you could end up with a yacht that you weren’t expecting to buy, at a price that shouldn’t be as high as it is. An expert is going to make sure that you get the best yacht possible, catered to your direct needs.

Ask Them About the Details

If you know what kind of yacht you want, YachtWorld suggests finding a broker that specializes in the type of vessel you want. Not only will they know the correct pricing for the yacht that interests you, but they’ll know the extras you can attach to your package. If a firm offers other services that another doesn’t weigh out the pro and cons of who’s going to really push you in the right direction.

Pay Attention to the Pricing

Brokers typically make commission off the boat that they sell. That means their customer service should always be on point. When dealing with large yachts, however, prices could always become more flexible.

As you prepare to make this investment, make sure you contact your insurance agent to secure California Yacht Insurance so everything will be ready to go once you’re ready to set sail.

Stay tuned for our upcoming installments, in which we’ll go over what to ask your yacht broker

About Mariners Insurance

Mariners General Insurance Group was founded in 1959 to protect boat owners and marine business clients. We are marine insurance experts and insure boats worldwide – in every ocean on the planet. Marine insurance is critical if you own a boat or nautical business. Trust the professionals with all of your Boat Insurance needs – trust Mariners Insurance. Call us at (800) 992-4443 any time you have questions or concerns about insurance for your vessel or marine business.