To help you achieve your goals, here are three ways to ensure that your boat insurance rates stay low.
Perform Boat Maintenance to Avoid Towing
Maintaining your Boat is a must to keep it in good running condition. Just like your vehicle, a boat needs to be maintained with all the basics like fuel, oil, filters and other products. The batteries should always be kept in good charging condition. Regular maintenance will ensure that you maximize your time enjoying your boat.
On the other hand, a boat that is not maintained could end up getting towed. This could lead you to file a claim because boat towing services are worth quite a lot of money. Before making a claim, make sure that your policy covers towing as some insurance companies don’t.
Avoid Collisions with Objects or Boats
When you think about collisions, it’s easy to conclude that it can only be with other water vessels. However, most collisions can happen in the harbor where the boat’s hull meets the dock or another hull. Most insurance claims result from boats that are tied on the shore where another operator loses control and runs into other boats. There is not much you can do when you are not on your boat, but you can take some precautions to never run into an accident.
To avoid collisions, make sure to master the maneuvering of your vessel in the open water until you define its limitations. You need to know the ins and outs of operating and as well its response to strong currents and winds. Keep practicing in more difficult areas to ensure that you master your vessel.
Review Your Insurance Policy
It’s essential to review your boat’s insurance policy to know your limitations. Most rejected insurance claims result from being outside the policy’s coverage area. Insurance companies are known to have coverage breaks and you need to know everything about this to make sure you’re protected.
Also, if you agreed to take a discount through a lay-up period, you need to review your policy before you take it for a spin. Discounts on lay-up periods means you agree not to use your boats on certain periods of the year.
You should also check if you are insured for agree value or cash value. An agreed value is supposedly better as it is the amount that you agreed upon with your insurer in the event that your boat sinks and everything is destroyed.
At Wahoo Insurance, we take pride in making sure our clients are well protected at prices they can afford. To learn more about how we can help you please contact our agency at (866) 275-9797 or Click Here to request a free quote.