Tag Archives: Boat
How to find the Best Boat Insurance Policy
How to find the Best Boat Insurance Policy
In order to obtain the best possible insurance coverage for your particular watercraft consider taking the following steps.
Research a number of insurance companies, as well as a variety of policies on the internet. This will help you to determine which features you would like to have written into your policy, and which ones you may not feel as strongly about.
After investigating as many companies as you can, select 3 or 4 which offer the most extensive packages. Be certain that each company will be able to meet or exceed your insurance needs by viewing their policy options. When selecting these companies also consider which ones have the most experience in dealing with the type of insurance you want. Boat owners should consider choosing companies which specialize in boating insurance, rather than other types of insurance.
Get at least 3 quotes. These can be obtained online, or by contacting a representative from each company, to explain what you want, and request a quote. Obtaining a quote does not obligate you to purchase the insurance. If you are not satisfied with the coverage offered, or the rates quoted, then you can simply say No thank you.
Dont be pressured into selecting a policy, until you feel confident that you have found the right one. Before you purchase any policy take the time to talk with a representative of the insurance company. Evaluate the service that representative provides. If you do not feel comfortable with one company, consider looking into another. It will be important in the future, should you need to file a claim, that you feel confident that the representative will be attentive to you as a customer.
Tips for finding the Best Boat Insurance Policy
Tips for finding the Best Boat Insurance Policy
In order to obtain the best possible insurance coverage for your particular watercraft consider taking the following steps.
Research a number of insurance companies, as well as a variety of policies on the internet. This will help you to determine which features you would like to have written into your policy, and which ones you may not feel as strongly about.
After investigating as many companies as you can, select 3 or 4 which offer the most extensive packages. Be certain that each company will be able to meet or exceed your insurance needs by viewing their policy options. When selecting these companies also consider which ones have the most experience in dealing with the type of insurance you want. Boat owners should consider choosing companies which specialize in boating insurance, rather than other types of insurance.
Get at least 3 quotes. These can be obtained online, or by contacting a representative from each company, to explain what you want, and request a quote. Obtaining a quote does not obligate you to purchase the insurance. If you are not satisfied with the coverage offered, or the rates quoted, then you can simply say “No thank you.”
Don’t be pressured into selecting a policy, until you feel confident that you have found the right one. Before you purchase any policy take the time to talk with a representative of the insurance company. Evaluate the service that representative provides. If you do not feel comfortable with one company, consider looking into another. It will be important in the future, should you need to file a claim, that you feel confident that the representative will be attentive to you as a customer.
How to Shop For Boat Insurance
How to Shop For Boat Insurance
If you have a boat, you need boat insurance!
Shopping for boat insurance is a bit different from shopping for car insurance, even though the concept is much the same. Boat insurance will protect you against losses incurred while operating your boat, and while transporting your boat. Most boat insurance includes coverage for the boat, the motor, and the trailer.
When shopping for boat insurance, it is usually best to start with the insurance company that insures your cars and your home. Insurance companies usually give deep discounts to their current customers. Most insurance companies will also give deep discounts to people who have successfully completed a boating safety course.
Ask each insurance company that you contact about such discounts. In most cases, they won’t tell you about the discounts unless you specifically ask.
Don’t settle for the rate that your current insurance company quotes! Just get the quote, and tell them you will call them back soon. Using that quote as your base, you need to see if you can get the insurance cheaper elsewhere.
Using online resources is a great way to start. Get the quotes, and then contact the agents personally to see if you can work out a better deal. Believe it or not, insurance companies will compete with each other for your business. Don’t be afraid to tell them the lowest quote that you have been given so far – make them work for your business!
Know what type of insurance you want and need before contacting any agents. Some agents will try to sell you too much insurance, causing your premiums to skyrocket, while others aren’t as knowledgeable about the insurance needs of boat owners and won’t sell you enough coverage!
You should be protected against losses caused by sinking, fire, storms, theft, capsizing, stranding, collision, and explosion. The policy should cover anchors, oars, trolling motors, fuel tanks, seat cushions, skis, tow ropes, dinghies, tools, canopies, life preservers, and any equipment that is permanently attached to the boat.
The different types of insurance that you need include Watercraft Liability, Watercraft medical payments, Newly acquired watercraft coverage, coverage for repairs, coverage for emergency services, and coverage for wreck removal. In most states, the liability coverage entails Watercraft Liability and Watercraft Medical Payments.
Watercraft liability will protect you in the event of an accident that results from the ownership, maintenance, or use of your boat. It should include bodily injury coverage, property damage coverage, and even legal defense coverage. It should also protect anyone who drives your boat, as long as they were legally allowed to drive the vessel.
Watercraft Medical payments coverage will pay medical expenses up to specific limits for you and the occupants of your boat in the even of an accident.
Other types of coverage are usually voluntary, but should be strongly considered. There is quite a bit that can happen when you transport or operate a water vessel, and protecting yourself legally should be a high priority!
Again, know what you want in terms of coverage before you talk to an agent, and make sure that you get the coverage that you need.
Compare rates online, and then contact the agents that offer you the lowest quotes. Attend a boating safety course, and make sure that you get that discount! Once you’ve found lower rates than the original quote that your current insurance company offered you, call them back and let them know that you found a lower rate. See if they can compete – in many cases they will offer to match that rate, just to keep your business! Again – make them work for your business!
CopyRight Ian D. Major 2005.