Things to consider when choosing boat insurance
When you’re out on the open water, there’s nothing quite like the feeling of freedom and independence that comes with owning your own boat. But…
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Is Boat Insurance worth it? You should consider Boat Insurance if:
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Perils like fire, sinking, and storms are typically covered with most Boat Insurance.
Almost any water-based transportation can be covered, including jet skis!
Almost everything is covered with Boat Insurance, including on-board safety equipment like life jackets.
That depends on the policy. Be sure to talk to your qualified agent when you get a quote.`
Again, this depends upon the policy. A policy based on actual cash value will reimburse you for the current market value of the repair or replacement (the original price minus depreciation). Some insurance policies may include agreed value loss settlement for total loss situations. This ensures you receive the policy coverage limits if your boat Is determined to be a total loss.
When you’re out on the open water, there’s nothing quite like the feeling of freedom and independence that comes with owning your own boat. But…
Do you have a boat? If so, then it’s likely that you also have some type of insurance for your boat. But exactly what kind of coverage do you need? What are…