Looking at Various Boat Insurance Coverage Options
With a boat, your life expands. You can travel to places near and far, swim with exotic marine life and live life at a slower pace—or rack up the thrills by careening over open waters. Of course, as with anything in life, owning a boat comes with some risks. You can minimize them to a certain extent, but the possibility of events such as theft, storms or sinking still remains. Similarly, there is the possibility that a passenger could get injured on your boat or that your vessel would damage another.
Getting boat insurance helps protect your boat, and yourself, in numerous scenarios. That way, you can relax and sail off into the sunset without a care on your mind. This type of insurance need not be expensive, either. In fact, it is possible to get adequate coverage for only $100 a year. Costs do depend on the type of boat you have, such as a powerboat, a sailboat, a pontoon, a bass boat or something else.
Check out potential costs yourself by getting a boat insurance quote now. Or, stick around to read up on the various types of coverage available for your boat. The more you know, the better your chances at obtaining thorough and cheap boat insurance.
Wreckage Removal Insurance
Water Sports Liability
Toxic Waste Liability
Elective Actual Cash Value Hull Coverage
Agreed Value Hull Coverage
Total Loss Settlement Endorsement
You spent a lot of money on your new boat, and if something were to happen to it soon after purchase, you could be out that amount of money—plus the boat. Total loss settlement endorsement helps keep that from happening. It’s on top of existing insurance that gives you the opportunity to get a current vessel if yours is a loss. As far as cheap boat insurance goes, this type of coverage is frequently a good deal. You can get it many times for as little as $10 as long as you add the endorsement no more than a year after purchasing the boat.
There’s no sense in springing for the boat of your dreams only to spend many moments on it worrying about what would happen if you got hit or if someone got injured. There are many insurance coverage options to secure your peace of mind so that you can glide on the water in style.
When comparing boat insurance quotes, though, money may not be your only consideration. For example, some insurers may require you to submit navigation plans and marine surveys. If having to do that makes you feel constrained, don’t opt for insurance through these companies. Always be sure you understand if anything additional is required of you for boat insurance.
One more thing: If you use your boat for business operations such as guiding fishing tours, you may need some types of business-specific coverage. When in doubt, ask an insurance agent.
Get a Boat Insurance Quote Online Today!
Boat Insurance FAQs:
What is boat insurance?
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Do I need to carry boat insurance?
What is the difference between boat insurance and jet ski insurance?
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