Safety Practices for the Prevention of Yacht Insurance Claims
No matter how experienced you are at yachting and how many precautions you take, accidents are going to happen out on the water. Even though safety doesn’t happen accidentally, it’s vital that you have sufficient yacht insurance coverage. The following is a list of 6 yachting safety practices that could help you avoid accidents in […]
What Isn’t Covered in My Boat Insurance Policy?
Financially savvy individuals who enjoy spending time on the water understand why boat insurance coverage is so important. When it comes to protecting your investment, the right policy will protect you financially should you be involved in a collision on the water. Furthermore, your policy may also safeguard your smaller incidentals as well. Just be […]
Save big on Annual Costs with these 5 Helpful Boat Maintenance Tips
Not only is boat insurance a means to cover unavoidable damages, it is also a great way to cover a number of annual costs. That being said, those rates can increase if your vessel isn’t properly maintained. Although you can keep enjoying your time on the water, it’s best if you can avoid any hassle. […]
Coverages Found in Marine Insurance Policies
Marine insurance is a specific type of transit coverage that protects merchandise and products that are being shipped across domestic and international waters. It will also cover any damages that are incurred during shipment. Depending on the company’s or insured entity’s requirements, this type of insurance can take on the form of a number of […]
Prevent Storm Damage by Securing Your Yacht
Whenever a massive storm takes place and your yacht sustains significant damage, you’ll probably be filing a claim against your yacht insurance immediately thereafter. Although Mother Nature can be very unpredictable at times, these storms should be a reminder that there are certain steps you can be taken in order to minimize the damage to […]
How to Reduce the Cost of Your Boat Insurance with Discounts
Before taking to the water this boating season, it’s important to ensure that you have the right boat insurance coverage. For instance, you should focus on the right amount of liability and property damage coverage. Ironically, many individuals trust their insurance agents and never give a second thought to the rates that they are quoted. […]
Choosing the Right Marine Insurance Coverage for Your Needs
It goes without saying that the time to review your marine insurance policy is not when you have a situation that warrants using it. You should have felt confident about your coverage the moment you selected your protection package. While choosing the right marine coverage to suit your specific needs may be somewhat challenging and […]
Factors that Influence the Cost of Yacht Insurance
As a yacht owner, you have probably discovered smaller boats pay less for their insurance than you do for your vessel. However, this is not to imply that you’ll attract the highest yacht insurance premium rates either. That is reserved for powerboat and speedboat owners since there is a greater risk of accidents occurring and sustaining […]
Causes Of Boat Fires And How To Prevent Them
Every year, hundreds of people who love spending time on the water suffer through the experience of their boat catching fire. The fear that passengers encounter is attributed to exploding fuel tanks, vigorously burning fiberglass, and a number of other untimely consequences. While boat insurance policies protect our investment against this, it pays to understand […]
Top 5 Causes of Marine Insurance Claims
Numerous companies and individuals in Florida own boats. Some are used to transport merchandise and products across international waters while others are used merely for pleasure and recreation. In either case, accidents occasionally happen and owners must file a claim against their marine insurance policies. If you’ve been involved in a mishap on the water, […]