Boat Insurance for Beginners
Let’s start the new year on the right track. You want to be healthy, you want to manage your finances, and you want to stay safe. But at the beginning of 2013 did you think about insurance? We had a mini-series about updating your existing policies, but what if you’re lost from the start? Don’t fret! From now until the end of January we will give you a blog for each insurance policy we cover. Let’s discuss why insurance is important and how it can help you. If there is a question you’d like to ask us, please write it on our facebook wall! Is there a term you don’t understand about insurance? How does a deductible work? What’s a claim? We will be here every step of the way this month to help you out as best we can. For those of you who are the sea savvy type, boat insurance is for you!
Boat insurance covers damage or loss of a marine vessel, this could include yachts, anglers, and jet skis. Sometimes the coverage extends to cargo on your boat and when that cargo is being transferred from the boat to another place and your docking area. The difference in cost is based mostly on the replacement value and repair costs of the type of boat your insuring. Understandably, yachts will be more expensive to cover than jet skis. It is good to know that boats are like a new car, their value drops as soon as you buy them. But your boat insurance should be taking into consideration how much to boat would cost to replace and how much is owed on the boat itself. Respectfully, this is call hull coverage. What this means is that the boat itself is covered. Simply speaking, Texas Boat insurance is similar to automobile insurance. You want to be protected against:
- Personal injury liability resulting from an accident you caused
- Damage to boat caused by another boat or from striking another object
- Medical expenses resulting from a boating accident
- Injury or damage resulting from the actions of an uninsured or underinsured boater
- Damage to your boat resulting from a storm
For a free Boat Insurance quote, or if you have more questions, Contact Us!