Vessel and Equipment Theft
 The insurance industry estimates that approximately 40 to 50 million
 dollars of recreational vessel and marine equipment theft losses
 occur annually in the U.S. alone.

 These figures do not take into the account the large number of
  uninsured or unreported vessel losses.
  The aggregate total of insured, uninsured, and "offshore registered"
  vessel losses is estimated to approach 100 million dollars.
  Vessels face many varied security threats simply because they are
  portable high-value assets. Outright theft of a vessel, followed by
  the burglary of equipment is the primary concerns. There are a
 myriad of other ways that a vessel can be targeted by those with bad
 intent.


 Vessel Hijacking and Kidnapping according to U.S. State Department
 officials, 12,000 to 15,000 kidnappings occur yearly in Latin
 America. The vast majority of incidents are never reported in local
 or international news outlets.
Yachts and modest cruising vessels are often seen as an indication
of wealth, especially in third world countries. In some cases this
can put the crew at peril of kidnapping. Although not a highly
common occurrence, it does happen in some regions.