If you own a boat you want to make sure you have the best protection. After all, a boat is a substantial investment, and usually lenders and marinas ask you to carry insurance all year around.
This essential guide will provide you with some basic concepts so you can explore the waters of Boat Insurance with more confidence. Getting dependable Boat Insurance policy is extremely important, as It’s the best way to navigate with the complete peace of mind that comes knowing that you boat is protected stern to bow.
What is Boat Insurance?
A Boat Insurance is an agreement between you, the owner of a boat or watercraft, and an insurance company. Your policy will protect the boat/watercraft itself as well as any damage you may cause while boating.
Physical Damage and Liability
These are the two main sections of a Boat Insurance Policy. Physical damage refers to the accidental loss or damage done to the boat and its machinery. Liability, on the other hand, refers to your legal obligations toward third parties as owner of the boat.
Other Coverage
Boat Insurance policies vary widely. For example, some carriers provide medical payment coverage for injuries to the insured or occupants, although this may change depending on the company. When you shop around for your Boat Insurance, make sure to look for the assistance of an expert who can help you make sense of the different options available.
Cost
The premium of your Boat Insurance varies depending on many things. The type of boat you own as well as the place where you use it and store it are some of the factors that are considered to determine your premium. As with other types of insurance, your deductible plays an important role in the amount of your premium. A higher deductible means a lower premium and vice versa. You can lower the cost of your Boat Insurance by taking an approved boating safety class.
How Much Coverage Do You Need?
This is a complex question, and the answer depends on your specific situation. For example, a small, expensive vessel may require more coverage than an older, bigger boat. An expert in Boat Insurance can help you determine more precisely what’s the coverage that best fits your situation.
At Delgado’s Insurance we are committed to helping you find a Boat Insurance policy customized to your individual needs.
Contact us today by telephone (951-361-0084, 909-421-9003), email or through our social media accounts to get a free quote and learn more about our Boat Insurance options. Our agents will be more than happy to assist you so you can find the coverage that makes the most sense to you.
