Boat Insurance

Our specialty insurance company offers excellent Boat Insurance coverage. There really is no way to predict an unexpected event such as a boat accident, theft, fire and hurricane damage or in some cases the boat just sinks. Having  adaquate Boat Insurance will protect you from these unexpected occurances.

To begin with we ask a few basic questions about your boat to ensure a quote that is adaquate for the value of your boat. Some of the questions we ask are:

• Where will you be using the boat? It makes a difference if you are using it inland on a lake, or if it will be in the ocean (or the bay).
• How big is the boat? If your boat is a little 6-foot or 8-foot dinghy, you may not want or need a separate policy to cover it (since small boats are sometimes included in your homeowner’s insurance policy). A larger boat would need its own policy.
• What is the value? This figure can be based on your purchase price, the book value, or the dollar amount determined by a recent reliable appraisal.
• Do you use the boat year-round? If not, where is it stored when it’s not in use? A boat stored indoors at a boat storage facility is safer than a boat sitting in the water at the local marina, so the insurance rates would reflect that different degree of risk.

If an unfortunate event occurs, like a boating accident, there are several factor to consider in order to make the right ramifications such as:

• How badly is your boat damaged?
• How badly is the other boat damaged?
• Was any other property damaged during this accident?
• Was anyone on your boat injured?
• Was anyone on the other boat injured?

It is a good idea to get your boat appraised every few years because if you buy a boat today for $75,000, 5-10 years from now could be worth over $125,000. So your initial Boat Insurance plan may not be adaquate, an insurance plan can always be ratified.

Don’t put your boat at risk for unexpected events and visit our Specialty Insurance web site today.