Cheap Boat Insurance: The Barest Essentials

2007-03-08 10:33:40

( Insurance )



People buy boats to satisfy wanderlust, to get away from the concrete jungle and sail away into the open waters. Some even use their boats as home, anchoring in some dock until the desire to travel hits them again.

BOAT INSURANCE FEATURES

While having a boat is a romantic notion, buying a boat can be quite expensive and the costs to maintain them can be pretty high too. But if you can afford to buy a boat in the first place, then you can very well afford to buy boat insurance as well.

Generally, boat insurance makes sure that your boat is covered against damages to structure and other boating paraphernalia that are inside. Boat insurance also protects against liability cases - your boat insurance will cover the legal costs if you damage someone else’s property, cause harm to another person. Moreover, your boating insurance policy also covers the medical costs if your family or guests get hurt while inside the boat’s premises.

That is not to say that all boat insurance policies will cover all these things. Some are policies that must be purchased separately. Some boat insurance companies will bundle several features into several packages that you can choose from depending on your needs. Of course the most extensive policy will also be the most expensive.

BACK TO BASICS

However, if you are short on funds or simply need the essentials, there are cheap boat insurance plans that provide basic protection. Cheap insurance policies may offer either one of the above-mentioned features, with the others you can purchase as an add-on option. You can buy the cheap boat insurance in the meantime and add to it as more funds become available.

Be careful that you do not sell yourself short on your boat insurance. Particularly if you are purchasing cheap boat insurance. Make sure that you read carefully the policy and know what you are being covered against. While some cheap boat insurance does provide adequate protection, some have barely-there coverage that you are better off without.


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