Choosing Your Boat Insurance Policy

Selecting the right boat insurance policy can be a headache, but keeping a few key pieces of information handy can make the process easier:

• Your boat’s value. The value of your boat will affect the cost of your policy.
• The type of boat you have. The type of boat you have will also affect the cost of your policy. For example, a luxury yacht will cost more to insure than a small fishing boat.
• Your driving record. Your driving record will also affect the cost of your policy. If you’ve had accidents or tickets in the past, you’ll likely pay more for boat insurance.
• The area where you live. The area where you live will also affect the cost of your policy. If you live in a coastal area, you’ll likely pay more for boat insurance than someone who lives inland.
• The purpose of your boat. If you use your boat for commercial purposes, you’ll need to purchase a commercial policy, which costs more than a standard policy.

Once you’ve narrowed down your list of potential boat insurance policies, keep the following in mind:

• Make sure you understand what your policy covers. Be sure to read the fine print so you know what is and isn’t included in your policy.
• Compare policies from different insurers to find the best deal.
• Get quotes from several insurers before you buy a policy. This will help you ensure you’re getting the best price.
• Choose an insurer that has a good reputation and is reliable.
• Make sure your policy is up-to-date. Check to make sure your policy covers recent updates to your boat, such as a new engine or navigation system.

More Information on Boat Insurance

Our team can provide more information on how to find the best carriers, lowest prices, and critical coverage options that protect you, your craft, and your passengers. To get started, click the link below or give us a call.