The annual expenses of a yacht can vary hugely depending on many factors including size and age. However, there are certain annual expenses that are a necessity. These will include maintaining a professional crew that will man and take care of your asset. Insurance via a reputable broker is another necessity. You should also expect to budget for maintenance costs, whether general upkeep or more advanced work. On top of these costs, there will also be the expense of operating the vessel, including fuel costs, food and beverage, and equipment. Your broker can provide you with some guideline costs for a yacht of your size/style.