Welcome to Boat Insurance Guide
Marine Boat Insurance Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
You may also listen to this article by using the following controls.
Why You Need Boat Insurance Coverage
from:You need boat insurance coverage for several reasons. Accidents can occur at any time when you own a boat. Having insurance allows you to pay for damages to the boat or to personal property that was on the boat. If you are involved in a collision, you may be responsible for paying for damages to another boat. Insurance can help you cover these costs as well. Medical coverage will protect you, and any passengers you have aboard with you. Boat insurance coverage involves paying a premium, but in case there is an accident, you will be covered.
Another reason you need boat insurance coverage is that many marinas insist you have insurance before using their docks. Because boats are oftentimes very close to one another, the potential for damage is greater. Marinas will not take responsibility for damages that occur while the boat is docked or when you are leaving or entering the marina. Boat insurance coverage is needed to protect everyone. You will have to show proof of insurance when you rent a docking slip. Some marinas sell this type of insurance, but you should read the policy carefully to see what it covers.
The third reason you need to have boat insurance coverage is because of natural disasters including hurricanes, tropical storms, earthquakes, and fire. If you live in a region where these natural disasters occur often, you may be required to buy boat insurance coverage specifically for natural disasters. If this type of insurance is not required, but you want to protect your boat, buying a smaller amount of this coverage is recommended. Boat insurance may cover the cost of a new boat in the event of a natural disaster.
The last reason you need boat insurance is in the case of theft or excessive water damage to your boat. Boats are stolen from marinas and private property all the time. Having boat insurance coverage will allow you to replace the boat or make repairs to the boat if it is found. Excessive water damage includes damage to the external parts of the boat that caused it to sink or take on water. If this happens, you will have to replace internal parts including flooring, upholstery, and mechanical parts as well. These parts can be expensive when you don’t have boat insurance.
As you can see, there are many reasons to purchase boat insurance coverage. There are many policies to choose from and you should choose a policy that covers what you need it to. Protecting yourself from costly repairs allows you to enjoy the time spent on your boat.
Marine Boat Insurance News
Fishing industry is in uncharted waters - Capital City Weekly
Fishing industry is in uncharted waters Capital City Weekly, AK - "There is no more productive ecosystem in the world than the Bristol Bay basin; we've got everything here and tons of marine mammals," said Samuelsen, ... |
Progressive.com Maintains Position as Best Car Insurance Shopping Site - MarketWatch (press release)
Progressive.com Maintains Position as Best Car Insurance Shopping Site MarketWatch (press release) - Progressive offers its products, including personal and commercial auto, motorcycle, boat and recreational vehicle insurance, through more than 30000 ... |
Goetz Boats in receivership, lays off all 75 workers - EastBayRI.com
Goetz Boats in receivership, lays off all 75 workers EastBayRI.com, RI - Mr. Goetz founded what is now called Goetz Custom Boats in a shed near the Herreshoff Marine Museum and has since built over 200 boats. ... |
Top ten reasons for pontoon insurance claims - The Buckeye Lake Beacon
Top ten reasons for pontoon insurance claims The Buckeye Lake Beacon, Ohio - Unlike the average fiberglass runabout, a pontoon boat's aluminum construction and log hull forms set it apart in both on-thewater handling and maintenance. ... |
2009 NPAA Conference A Success - MuskieFIRST
2009 NPAA Conference A Success MuskieFIRST, WI - Under a banner that read, "It's Time to Make a Difference," the marine and tackle manufacturers and anglers heard from experts including TV icon and fishing ... |
Montana engine repair facility sets sights on new boat racing ... - KNDO/KNDU
Montana engine repair facility sets sights on new boat racing ... KNDO/KNDU, WA - Celebrating their 20th year in business, Whispering Turbines, Inc. produces some of the best performing gas turbines in the marine turbine industry. ... |
Chartwell Introduces Commercial Storage Insurance Program - MSNBC
Chartwell Introduces Commercial Storage Insurance Program MSNBC - This program offers specialty insurance coverage for warehouse and storage facilities, including self storage, mobile storage, boat and recreational vehicle ... Chartwell Launches Commercial Storage Insurance Program |