Insurance Info

Now that you have a boat of your own to enjoy, your first thought is probably how soon you can get it out onto the water, but before you actually do that it is critical to make sure that you have protected it with boat insurance. Just like any other possession, such as a home or a vehicle, it is important to be sure that your valuable asset is covered with insurance. Which type of boat insurance is right for you? If this is your first boat, the many different options for boat insurance can certainly be confusing.

Let’s take a look some of the different insurance options that are available for your boat. First, there is full coverage boat insurance. This is also sometimes referred to as comprehensive coverage. This type of insurance provides you with the largest degree of coverage. It will protect your boating vehicle against damage from accidents, vandalism, theft, collision and fire, regardless of whether it is ashore or in the water. You can also add a liability section to this type of coverage insurance that will provide coverage for any damage that might arise due to either bodily injury or property damage. This combination of coverage will ensure that if anything should happen to your boat or if any damage should be caused by your boat, that you will be protected. Continue reading ‘Understanding Boat Insurance’ »

So you’ve bought a boat, congratulations! That is a big investment and will be a joy to you for years. Now that you have a boat you’ll need to know all about insurance. Boats are vulnerable to all sorts of risks that you have no control over. Technical issues, body damage, collisions, even theft. Even if you are not required to be insured, buying boat insurance offers you protection on and off the water.

Buying insurance for you new boat can seem complicated, but really all you need is a boat, a computer and a little know how. First you should evaluate what kind of insurance you need based on the type of boat you own. Classifying your boat is an important step in buying boat insurance. For example, if your boat is 26 feet long or under, you should be getting insurance under the lower classification. If your vessel is over 26 feet it must be classified as a yacht and you’ll be buying boat insurance of a different type. Also figure out the current value of your vessel and what kind of depreciation it will undergo. This will help you in your decisions when choosing the right insurance. Continue reading ‘Be Insured on the Water Too’ »

A long and remembering ride on your newly bought, stylish and trendy boat – sounds great! But before that you have to get your boat insured. You may wonder why? Well the description of this article already states the idea behind getting your boats insured but I would like to explain it a bit further by giving an example to you.

Now suppose, you want to experience an unforgettable trip to the beach near by your house and for that you wish to have your own boat. You don’t have enough money to buy the boat; you started saving some money for this purpose and cut down your expenditures to the maximum level. After few months’ savings, at last you saved enough money to buy your own boat. You went to the best shop in your area and bought the trendiest and up-to-the-minute boat to fulfill the wish you longed for.

You want your dream come true and you were so hasty that you didn’t bother to get your boat insured just because you, yourself not convinced that it is a right thing to do. You went for a ride, on the way coming back, weather started changing and suddenly wind becomes out of control. The splashes of waves were so high that it causes damage to your brand new boat. You somehow managed to come back safely with your boat but your boat needs a repair. Continue reading ‘Boat Liability Insurance’ »

Outdoor enthusiasts will tell you that watercrafts are a fun and great way to enjoy the outdoors. Boats, Sea Doos, Wave Runners and other watercraft are enjoyed by many people. However, statistics show that the use of these recreational vehicles leads to thousands of injuries each year. Because of the risk of injury, acquiring personal watercraft insurance is essential to anyone using these devices.

Personal watercrafts are not usually covered by a homeowner or vehicle insurance policy. People will usually have to purchase a special insurance policy. The insurance you purchase should cover an injury to you or a third party, property damage, passenger liability, medical costs, and theft. The least expensive choice is liability only coverage. This is much like a car liability policy that covers another person in the event of an accident or injury. Continue reading ‘What is Personal Watercraft Insurance?’ »

Summer always remind us the lovely warm days ahead, to spend in the waterways, especially on a boat. Majority of the boat owners tend to consider it as an adorned possession. The lovely days on the boat with friends and family, sailing off at the time of sunset are always memorable. All these incredible experience would turn bad, when your boat is not insured properly. Progressive boat insurance includes all the watercrafts like sail boat, boat, yacht, and other such marine vehicle.

To add extra pleasure during your rides on the waves, the boat insurance is essential and you have to check in for the following coverage in your policy:

Coverage on physical damage
The physical damages to the marine vehicle may occur due to vandalism, lightning, theft, fire, hurricanes or tornadoes, which are very natural. The engines, boat trailer and outboard motors are included in the coverage. The personal equipments present in the boat like, clothing, jewelries, food, mobile phones, etc. are not incorporated. If you are specific about including them, you can look for additional coverage. Continue reading ‘Ensure to Insure Your Boats – Progressive Boat Insurance’ »

Jet Ski Insurance is different in some ways to other types of boat insurance. As with all insurance you should be aware of what is being quoted to you in the form of cover. Personal Watercraft (PWC) or Jet Skis are very popular and are often seen around the coast not only at weekends but also on summer evenings. With the increase of these craft being used there is also an increase in the number of accidents. Collisions between jet skis and other boats happens on a regular basis. Many PWC users are new to boating and because these craft are fast over the water there is little time to avoid obstacles in their way. This is why it is important to insure your jet ski.

There are basically two forms of insurance cover, Comprehensive which provides against accidental damage, vandalism, fire and theft. As well as third party liability. The other is Third Party Liability which covers you if cause injury to other people or damage their property, for example their boat. Many places will not allow you to launch your Jet Ski, if you do not have at least 2,000,000 pounds Third Party Liability Insurance.

Jet Ski insurance differs from other boat insurance with regard to its theft cover. PWC are fairly easily stolen if they are left unsecured. So most policies will require that your Jet Ski is always under lock and key when not in use. Your insurance quote would normally be a lot less if you state your Jet Ski is stored in a locked garage, for instance. Anywhere that is well away from the possibility of thieves is the best place to keep your PWC. Be clear as to what your policy covers, before you agree the cover. Continue reading ‘Why Jet Ski Insurance is Different’ »

Responsible boat owners are faced with similar issues as car owners when it comes to choosing an insurance company. There is no shortage of boat insurance companies but sorting through them all can be overwhelming. So how do you choose? There really is no right or wrong answer to this question, but there are things that should be considered.

Priority one for any boat owner should be what kind of coverage you want. Many people just assume the agent knows their products and buys what he or she may suggest. The price of the premium should not be your main concern, however it will be a consideration.

The cost of insurance is one of those things that seem like a burden. That’s is until you have a claim. Try to choose the maximum boat insurance coverage possible within your financial constraints. You will be glad you did when it is claim time. Continue reading ‘Tips For Choosing Insurance Companies’ »

Pleasure boat insurance on a Sailboat, Motor-driven Yacht or a small Runabout can range from a comprehensive or all risks scheme, to the more affordable, but limit protection of a liability policy. When it comes to deciding on the ideal insurance plan, it’s advantageous to take a moment to consider all potential risks and eventualities, as well as the overall costs to spend to protect the initial investment.

All risks policies offer the widest cover available to a boat owner wishing to protect a new or valuable watercraft. With a comprehensive insurance plan, a boater is ensured full protection as a result of a complete loss, from a devastating storm, or from striking an underwater object, to smaller claims on items of navigational or electronic equipment. All risk schemes will provide protection to the insured vessel, engine and machinery, as well as personal injury, removal of wreck and salvage charges, towing costs, and legal protection coverage. Continue reading ‘Pleasure Boat Insurance’ »

There is no answer when someone asks which boat insurance company is best. There are so many options it is difficult to determine the best. It really all depends on what the specific needs of the person you want to make sure the boat.

Faced with the facts, there are pros and cons of each insurance company you deal with. After all, insurance companies are in the business of making money, not pay out. This means they will do anything in his power to avoid having to pay claims, as this is the way they make money. If they do happen to pay for a claim, then increase in their insurance rates to help cover the loss or simply cancel the policy that best suits your needs. For an insurance company to cancel a policy that is more likely that politics is too much of a risk of continuing to prevent other claims. After having canceled a policy may make it difficult to obtain insurance elsewhere.

Boat U.S. has been to ensure the boats and only boats since it opened in late 1960’s. Is said to offer some of the lowest rates and best coverage in terms of the craft is concerned. Its website offers instant quotes. Continue reading ‘What is the Best Boat Insurance Company?’ »

Collector Boat Insurance is essential for the classic or antique boat enthusiast. Collector boat owners are among the safest, most conscientious boaters on the water. They deserve the most competitive rates, the most comprehensive insurance coverage and the best benefits available in the industry.

What are Collector Boats?

They are usually wood hull boats, over 25 years old, that are meticulously maintained, hand built or restored. However, fiberglass or concrete hulls also qualify. Power boats as well as sailboats can be classic boats. Also, new, “one-off” custom built boats can qualify as a classic boat.

Collector Boats can be:

• Runabouts
• Utilities
• Launches (including steam)
• Skiffs
• Wooden canoes
• Mono-hulled sailboats
• Cruisers and trawlers
• Home-built or kit wooden boats
• Excellent reproductions of classic wooden boats Continue reading ‘Collector Boat Insurance – What to Look For in Classic Boat Insurance’ »