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. (more…)

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. (more…)

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. (more…)

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 (more…)

While many boat owners understand that it is just as important to insure your boat as it is a car or truck, some people may be tempted to insure their boat for only part of the year. Much of this temptation arises from the fact that many people only use their boats at certain times when the weather is pleasant, like the spring and summer months.

During the winter and fall, many recreational boaters choose to store their vehicles in dry-docks, garages, and parking lots, while snows and cold weather keep them off the lakes and rivers. Because they do not intend to take the boat out on the water, some boat owners make the decision to cancel their insurance coverage for the off-season and renew it again when prime season begins.

Some people choose to take such actions because they believe they may save money by removing their insurance payments for part of the year. Unfortunately, this may be a mistake, because accidents can still occur even if the owner believes the boat is safely stored. If a person suffers injury near a stored boat, the owner may still be held liable for injuries and expenses as a result. (more…)