Statistics in insurance claims reveal the 32% of boat insurance claims are related to collisions. It is the claim type that is most frequent and most costly. Most of the claims reported involved sailing craft, so powerboats and motorboats are less like involved in collisions. Motorboats have fewer claims on the whole. However, you should still know the specific risks and steps that you can take to reduce making claims.
If having fun on the water appeals to you, then you might find yourself in the market to buy a boat. You could purchase a boat for fishing, speed boating or sailing, or a pontoon to float around casually. Just as you insure your car and your home; it's a good idea to get adequate insurance coverage for your boat too.
The cost of insuring a boat can vary widely. Thus, it’s important to get the best deal out there. However, note that the best deal doesn’t necessarily equate to the cheapest policy. You should never skimp on premiums while compromise coverage. So, do a bit of homework. But there are ways to save on insurance and still have proper coverage.
Although boat insurance is not required by law on many waters, getting coverage is a wise idea. Marine loan companies, for example, deem it compulsory to have insurance as part of the lending process. But there are reasons why having boat insurance is a MUST.
Welcome to our new insurance agency blog!
This is our very first post. We're not quite sure what we're going to write about here, but the plan is to create helpful content for customers and prospective clients about information that is relevant to you.
We hope you'll come to view this as a top resource for keeping your family and your finances safe.
Here are a few of the topics we may be writing about: