Whether you’re a novice boat owner or a seasoned veteran of the water, you know the importance of having boat insurance coverage. You also know that accidents often happen and that there is the possibility of filing an insurance claim. No matter what type of vessel you own, protecting your investment is a must. However, as a first-time owner, you may find that choosing the right coverage can be challenging. With plenty of options and a variety of coverages, you need assistance. The following coverage information will help you in the decision-making process so you select the coverage that best suits your needs.
Damage from submerged objects – you might be surprised at how easy it is to run over submerged objects, especially when the water choppy and/or murky. Most boat insurance policies in the state of Florida cover these types of damages. The extent of the damage sustained can range from a few hull scratches to an inoperable boat or motor, depending on the object you’ve hit.
Theft of anchored vessel – unfortunately most boats are readily accessible to thieves. Furthermore, it’s difficult to secure any fishing gear that you might have on board and thieves know this as well. Needless to say, your losses could add up to thousands of dollars. Be sure that you take an accurate cost inventory of all your gear so that you are adequately covered in your boat insurance policy for any such damages and losses.
Collisions with other vessels – believe it or not, collisions involving two or more boats occur on a frequent basis. In some cases, the other vessels involved in a collision may not be insured and compounds the situation. Fortunately, you can purchase coverage that protects you against uninsured boaters. This is similar to the uninsured motorist coverage on an auto insurance policy and is highly recommended if you spend a lot of time on lakes and rivers that are usually crowded with other boaters.
Storm damage (vessel is moored) – no matter where your boat is moored, there are always going to be storms that elevate the risk of damage to it. When a boat insurance company gives you a quote, they always take your location into consideration. So the cost of your premium typically reflects the risk of damage that’s involved.
Theft of a stored vessel – whether your boat is anchored (moored) or stored, it is just as vulnerable to theft. Most insurance policies cover boats and their trailers. So the best way to decrease the risk of it getting stolen is to make sure that you store it in an area that is not only secure, but has restricted access as well. Other than your home, your boat is probably your most expensive asset. So be sure to purchase the right boat insurance coverage to protect that investment.
Call 1-800-585-1665 today to request a quote from InsureAnyBoat.com