‘Boat insurance will guard you against losses incurred while operating your boat & while transporting your boat. The majority boat insurance includes coverage for the motor, the trailer & the boat. Boat insurance shopping, it is usually best to start with the insurance company that insures your house & your car. ‘Insurance companies usually give huge discounts to their preferred customers. Good number insurance companies will also give huge discounts to individuals who have successfully completed a “boating safety” course.
Inquire all insurance company that you contact about such ‘discounts. In the majority of cases, they will not tell you about the discounts unless & until one specifically ask.
Do not settle for the rate that your existing insurance-company quotes! Just take the quote, and reply that you will get back to them soon. Using that quote as your base, you need to check if you can get the insurance cheaper at other companies. Using internet resources is a huge way to start. Get the quotes, and then contact the representatives personally to see if you can work out a better deal. Trust me, insurance companies will compete with each-other for business from you. Do not be afraid to tell them the lowest quote that you have been given so far make them work for your business!
Be familiar with what type of insurance you want & need before get in touch with any agents. Some representatives will try to sell you too much insurance causing your premiums to reach skyrocket, while others are not as knowledgeable about the insurance needs of boat owners & would not sell you enough coverage.
You must be protected against losses caused by fire, sinking, theft, storms, stranding, capsizing, explosion & collision. The insurance should cover oars, anchors, fuel tanks, trolling motors, skis, seat cushions, life preservers, dinghies, tow ropes, canopies, tools, & any other equipment that is undyingly attached to the boat.
The different types of insurance that you need include Watercraft medical payments, Watercraft Liability, coverage for repairs, newly acquired watercraft coverage, coverage for wreck removal & coverage for emergency services. In nearly all states, the liability coverage entails Watercraft Medical Payments & Watercraft Liability.
“Watercraft Liability” protects you in the occurrence of an accident that results from the maintenance, use of your boat or ownership. It has to include property damage coverage, physical injury coverage, and even legal defense coverage. It must also protect anyone who drives your boat, as long as they were lawfully allowed to drive the boat.
“Watercraft Medical Payments” coverage will pay medical-expenses up to specific limits for you & the occupants of your boat in the even of an accident.
Additional types of coverage are generally deliberate but should be strongly considered. There is quite a bit that can happen when you operate a water boat, transport and protecting yourself officially should be the main concern!
Yet again, know everything what you want in terms of coverage before you talk to a representative & make sure that you get the insurance that you actually need.