A superyacht is a luxury sailing or motor water craft. In order to be classified as a superyacht, the yacht must be 79 feet in length or longer. Superyachts are very expensive, owned privately and have a professional crew aboard. Superyachts are sometimes called “mega-yachts”. The term “superyacht” was coined sometime in the early 1900’s. The first water craft that was deemed a superyacht was owned by Charles Henry Fletcher and was named the Jemima F. III. It was 111 feet long and was the largest motor powered yacht in the world in 1908.
The number of superyachts has grown since the 1990s. Currently, only yachts that are above 213 feet really stand out from other luxury yachts. These types of yachts typically cost tens of millions of dollars and are built to individual specifications. There was a massive growth in the market for superyachts between 1997 and 2008, but the demand for them has tapered off since 2009. Superyachts and other luxury boats are primarily built in the United States and Western Europe, although there are a number of builders in Asia, Eastern Europe, Australia and New Zealand. Most yachts are privately owned but available for charter part-time. Of course, some superyachts are used exclusively by their owners and some are charter businesses.
Many superyachts include the following (just to make sure their owners and guests don’t get too bored!):
Here are a few special features that can be found on top superyachts of today:
Superyachts are the height of luxury. Today’s superyachts are reserved for the rich and famous; some of the world’s most notable billionaires own luxury yachts. Florida features many yacht shows, including a Miami yacht show on February 15-19th, 2018. The show coordinators boast that they will cover more than 1.2 million square feet of space from 41st Street to 54th Street with the world’s most extraordinary and uniquely designed yachts and superyachts from the world’s foremost custom boat builders.
Even if you don’t own a superyacht, Lanier Upshaw is here to help you with all your Florida personal insurance needs. Contact us today to learn more about how our innovative personal insurance programs are available to meet your unique risk protection requirements.