Fire Classifications – Fires Begin From a Number of Sources When applying for boat insurance, make sure that your boat is definitely covered for fire as claims for fire damage and loss are filed the most frequently by boat owners. It’s also good to know the various classifications for fires as well. That’s because, when it comes to putting out a fire, you can’t treat all the infernos the same. For example, fire classifications fall [...]
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It’s Best to Buy a Separate Boat Insurance Policy While you can add boat insurance, in some cases, in the form of a rider to your homeowners insurance, buying a separate boat insurance policy is preferred as you can select coverages that can’t be included on a rider. Actual Cash Value Policies are Less Expensive Boat insurance is offered in an actual cash value policy or agreed value plan. The actual cash value policy is [...]
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Prepping your Boat Against Storms along the Gulf Coast Boat owners, especially if the live along the Gulf Coast, need to carry boat insurance as well as make sure that they are aptly prepared in case of a hurricane. Especially in the late summer and early fall – make sure that your boat is adequately protected against any resulting damage from surges, rainfall, wind, or tornadoes, all associated with hurricanes. Location Details Before prepping your [...]
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Comparison Shop to Make Sure you Obtain the Best Boat Insurance for the Money While you may already be protected with respect to boat insurance coverage, it does not hurt to comparison shop to see if you can get a better deal. Or maybe you just bought a new boat and need to buy boat insurance. Regardless of your particular circumstances, you still need to make sure your plan includes specific coverages. Make Sure Your [...]
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Boats, like Cars, Should be Insured Just like cars, boats, too, need to be insured. In fact, many states in the U.S. require that you cover your boat with minimum liability coverage. In addition, if you finance a boat, you will also need to buy insurance protection as well. Your homeowners plan will provide coverage for your vessel if it is in storage on your property, or some protection in the form of personal liability [...]
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A Variety of Watercraft can be Protected under a Boat Insurance Plan Boat or watercraft insurance is designed to provide coverage for different kinds of boats or personal watercraft (PWCs). Therefore, you need to do a little research first before you find a plan that will cover your particular needs. Usually, regular boat insurance policies can insure boats worth up to a quarter of a million dollars and PWCs that are worth as much as [...]
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When Coverage is Required Generally, as a boat owner, you are not required to carry boat or marine insurance. However, there are some exceptions. For example, if you take out a loan and use your sailboat or power boat as collateral, then you will need to obtain coverage so the bank’s interest is covered. Also, liability coverage is a requirement in some states as well. If you keep your boat docked at a marina, you’ll [...]
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The Types of Boats Covered by Boat Insurance Generally, boat insurance will cover a myriad of different types of recreational watercraft. You can obtain coverage for such boats as fishing boats, pontoons, jet boats, runabouts, jon boats, personal watercraft (PWC), ski boats, bass boats, sailboats, and cabin cruisers. Boat Insurance – Being Fiscally Responsible While it’s not a requirement to carry boat insurance, it really is a necessity for anyone who looks on the protection [...]
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PFDs or Lifejackets – Regulations for Wear Anyone who is operating a PWC (or personal watercraft) and children up to twelve years old, who are in a craft that is not docked or anchored, are required to wear a PFD or personal flotation device. Individuals over 13 years old, who are not operating a PWC, are not required to wear a lifejacket, life vest, or PFD. However, lifejackets should be located onboard which are made [...]
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Obtaining a Boat License: You Must take a Boat Safety Training Course A boat license can be obtained from your state’s Department of Motors Vehicles. To obtain a license, in many cases, you usually must bring proof that you have boat safety training and know how to operate a boat. Therefore, the boat license is proof that you have taken the necessary safety course and can proficiently operate a power boat. A boat license can [...]
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