Types of Boat Ins Coverages

2007-03-08 10:33:40

( Insurance )



The type of boat ins policy that you purchase will depend on the type of boat you own, its market value and the age of the watercraft. In most cases, the location where the boat will be parked or stored, the sailing record of the owner and its driver also influences the cost of your premium.

Certain coverages must be included in a boating insurance policy, and this will depend on the state where you live.

Most states require you to include coverage for watercraft liability, which covers you for any damages that are unintentionally caused by yourself to another party’s boat or property, as well as your own boat while it is on sail, on land or while the boat is being transported. The minimum amount of coverage that is required will depend on each state.

A medical coverage could also be compulsory. This will pay you for any medical treatment that is incurred as a result of a boating accident up to a certain limit. Coverage will include treatment for yourself and a number of occupants.

You may want to consider including a wreck removal and pollution coverage in your boat ins policy, as the expenses involved in having to a wrecked boat extracted at sea is expensive. This coverage will also pay for any oil or gas spills that are a result of a boating accident.

It may also be beneficial to include uninsured watercraft coverage. This will enable you to get your boat repaired or replaced in the event the damaging party does not have any watercraft insurance coverage or does not have enough boat ins coverage to pay for the damages to your boat.

Towing and assistance coverage can also be good for boat owners. When you encounter any mechanical problems, which make your boat non-maneuverable, you will need to get the assistance of a tug boat service company to pick up your boat, and bring it back to shore for repairs.

Most boating insurance policies will protect your boat, the boat trailer and its motor. It is best to approach an insurance agent to obtain more information on the basic boat ins coverages that your state requires.


All rights Reserved © Tradenet Services srl
Do not duplicate or redistribute in any form.