A yacht, as most would agree, is often treated as a "fancier than a ship" transport. Yacht connotes some level of luxury and entertainment. A yacht is typically between 35 and 160 feet in length. Although some boats, known as superyachts, exceed that limit by far.
Yachts can withstand rougher seas than weekend tour boats, which means they may confront the same maritime threats as a larger cargo ship. A mishap may be financially devastating for a skipper. A properly drafted yacht insurance coverage is a priceless safeguard against this.