There’s more to insuring your boat than you might realize, but a good insurer can help find the policy that’s right for you. Take the coverage that protects the boat itself against damage, theft, fire and other risks. You can pay a higher premium and have a guaranteed payout amount if you make a claim, or pay a lower premium for a cash value policy where the payout amount is based on the market price when you make the claim.
Liability is also a key part of boat insurance. Make sure you’re covered against damage to other people’s boats in a collision, along with injury and personal property damage to passengers on your yacht and other people’s watercraft. Also, be sure that your policy covers any clean-up costs you might have to pay according to current laws and regulations.
Make sure to ask about features that may be optional extras, such as towing costs if your boat breaks down on a trip, coverage against collisions caused by uninsured boaters or costs if you need to move your boat because of a hurricane warning.
To make sure you get the right boat insurance, contact us today for more details.
