Boat Insurance Quotes: What You Should Keep In Mind

2007-03-08 10:33:40

( Insurance )



There is no way to tell if you will encounter a boating mishap while sailing out at sea. For this reason, you should obtain a boat insurance to protect yourself and the boat you use.

Before you obtain a boat insurance quote, you must be able to determine what kind of coverage you want to include in your insurance policy. Aside from physical damage which covers any damages sustained by the boat from a collision or other reasons, there is also coverage for any damage that your boat causes to a property or person as a result of a boating accident. In addition to this, you can also include coverage for theft, protection for your motor and trailer (damages to any vehicle that was used to transport your boat to a dock) and boat covers. You can also obtain coverage for any damage or loss to any communication devices that you may have in your boat.

You should bear in mind that there are factors that affect the price of boating insurance. Before you are given a boat insurance quote, the broker will normally require information on your experience in operating a boat, the navigational equipment that is installed in your boat and your history in claiming for insurance coverage.

When obtaining a boat insurance quote, some insurance companies can provide you discounts on your premiums if the boat to be insured is brand new, or if you have installed devices that would help prevent theft such as burglar alarms and/or ship-to-shore radios. Your boat insurance quote can also be lowered if you take a reputable boating education course, as this will lessen the chances of boating accidents. There are also instances wherein you can obtain lower boat insurance quotes by purchasing different insurance policies from one insurance company or broker, or renewing the insurance coverage with the same company.

There are two basic boat insurance plans that you can choose from. There is a basic protection plan which can cover for the actual cash value of your boat (the amount of money given to you if your boat is stolen or is totally damaged), any liabilities, fuel spills, emergency assistance and uninsured boater protection.

The total protection plan provides protection for all risks that can be encountered and an agreed cash amount for the replacement of your boat if it is damaged or lost.

Once you have decided on the type of coverages that you want to include in your boating insurance, you should then search for the best boat insurance quote. This can easily be done on the Internet, with quotes being received within the day.


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