Does Boat Insurance cover Mechanical Breakdowns?
One of the more important concerns for boaters to be aware of is the condition of the motor, especially if you haven’t used your boat much during wintertime. Mechanical failures can be very expensive and ruin an entire season of boating enjoyment. So if you experience a breakdown, will your current boat insurance policy cover […]
Do You Understand Your Marine Insurance Policy?
Like most other forms of insurance, marine insurance is comprised of several different elements with the primary ones being coverages, coverage limits, and deductibles. When it’s time to review your policy, you want to remember that the details of it are going to vary based on who your insurer is. The following are some of […]
Commercial Marine Insurance: Bumbershoot vs. Umbrella Coverage
In the world of marine insurance, there are two types of policies that are oftentimes difficult to understand – bumbershoot and umbrella coverage. While navigating these types of policies can be tricky, it’s not impossible. Thankfully, the following information will enable you to learn more about these policies so you understand how they differ. A […]
Avoiding Storm Damage to Your Yacht is all about Preparedness
In recent years, there have been numerous boat and yacht insurance claims associated with storms. It goes without saying that most Floridians are familiar with hurricanes and tropical storms. Furthermore, no one ever anticipates the amount of damage that could be left behind in their wake. Granted, the severity of hurricane force winds can be […]
5 Most Common Insurance Claims that Boat Owners make in the Summertime
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, […]
Docking Safety Tips for Power Yachts
Yacht insurance companies provide a wide range of coverages that protects the vessel owner against accidents, injuries, property damage, and storms. It also protects against some very tricky circumstances that can end badly such as docking the vessel when the situations are less than ideal. Obviously, no one wants to be in the next YouTube […]
Does Your Marine Insurance cover Environmental Claims?
Marine business operators and owners must take precautions regarding the broad range of pollutants that could cost millions of dollars in damage to marinas and shipyards. So it’s important that your marine insurance policy contains adequate coverage for these types of environmental claims. Individuals who process marine business insurance claims see numerous ways that these […]
How to Create the Best Yachting Memories
As yacht owners, we do a lot to ensure having an enjoyable time out on the water. Before we start planning our next excursion, we do the necessary maintenance and make sure that our yacht insurance is current. However, there’s so much more for yacht owners, their families, and their friends to enjoy than the […]
How to Find More Time for Yachting
Whether you’re docked or out on the open water, it’s important to have sufficient yacht insurance coverage at all times. But what if your yacht is moored or harbored more often than when it is being used? What if you feel like you don’t have enough time to get out on the water and enjoy […]
Marine Insurance – Hull Coverage and Deductibles
Whether you own a commercial or pleasure vessel, marine insurance coverage is a must. Your policy will be broken down into two basic sections – hull coverage and liability coverage – as follows: Hull coverage – protects against accidental damage or loss to the vessel as well as its equipment and machinery. Basically, it covers […]