Boat
insurance is insurance that covers your boat and your actions while
operating a boat. Unlike automobile insurance, boat insurance varies
greatly depending on whether you boat in lakes or seas or rivers and
how often you boat and whether you dry dock or wet dock.
Boat insurance is divided into liability and optional insurance.
Liability provides you coverage in case you hurt someone or damage
their property. This goes further than a simple collision. Perhaps you
have a crew on your boat that gets injured. If you have insurance, that
can cover like. It functions like home owners insurance in a way.
But yes, you need to worry about boating accidents on the open waters.
Sometimes accidents won't involve people, just property. What if you
scrape your boat bottom on a rock? Who is going to pay for that? Well,
if you have insurance that covers hull damage, then you just have to
pay the deductible and let the insurance company cover the tab. Boat
insurance is really useful if you are going to be boating a lot or if
you own an expensive boat.
Some tips when buying insurance:
1. Have good credit
For some reason, insurance companies care about your credit history, so
make sure you have good credit and you can save a lot of money. Credit
history matters because responsible people have good credit, or so
that's the thinking the number crunchers come up with. Good credit gets
you good rates.
2. Take a boating course
Show the insurers that you actually know how to operate your boat. A
boating education course is typically offered by the state park
department or your local city government. Boating on lakes is dangerous
especially on crowded weekends so it's important to know the rules.
3. Document safety features
Some boats have safety features like lifevests, liferafts, first aid
kits, and so on. Make sure your insurer knows that you have the
necessary precautions in place.
4. Secure storage
Boats that are left out in the open are a risky insurance proposition
because of risk of weather or vandalism. If you store your boat in a
garage you can get a lower rate.
Get an Auto Insurance Quote
* Find a local insurance agent
* Or get a car insurance quote online
* Or call (877) 604-0313
