Welcome to Boat Insurance Guide
Marine Boat Insurance Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Why You Need Boat Insurance Coverage
from:You need boat insurance coverage for several reasons. Accidents can occur at any time when you own a boat. Having insurance allows you to pay for damages to the boat or to personal property that was on the boat. If you are involved in a collision, you may be responsible for paying for damages to another boat. Insurance can help you cover these costs as well. Medical coverage will protect you, and any passengers you have aboard with you. Boat insurance coverage involves paying a premium, but in case there is an accident, you will be covered.
Another reason you need boat insurance coverage is that many marinas insist you have insurance before using their docks. Because boats are oftentimes very close to one another, the potential for damage is greater. Marinas will not take responsibility for damages that occur while the boat is docked or when you are leaving or entering the marina. Boat insurance coverage is needed to protect everyone. You will have to show proof of insurance when you rent a docking slip. Some marinas sell this type of insurance, but you should read the policy carefully to see what it covers.
The third reason you need to have boat insurance coverage is because of natural disasters including hurricanes, tropical storms, earthquakes, and fire. If you live in a region where these natural disasters occur often, you may be required to buy boat insurance coverage specifically for natural disasters. If this type of insurance is not required, but you want to protect your boat, buying a smaller amount of this coverage is recommended. Boat insurance may cover the cost of a new boat in the event of a natural disaster.
The last reason you need boat insurance is in the case of theft or excessive water damage to your boat. Boats are stolen from marinas and private property all the time. Having boat insurance coverage will allow you to replace the boat or make repairs to the boat if it is found. Excessive water damage includes damage to the external parts of the boat that caused it to sink or take on water. If this happens, you will have to replace internal parts including flooring, upholstery, and mechanical parts as well. These parts can be expensive when you don’t have boat insurance.
As you can see, there are many reasons to purchase boat insurance coverage. There are many policies to choose from and you should choose a policy that covers what you need it to. Protecting yourself from costly repairs allows you to enjoy the time spent on your boat.
Marine Boat Insurance Specific links
Marine Boat Insurance News
Managing Risk: Going Above and Beyond the Minimum - MarineLink
Managing Risk: Going Above and Beyond the Minimum MarineLink And marine companies, just like other businesses, know the value of protecting themselves against liability with insurance. Yet, in trying to cost-effectively manage risks, marine operators frequently question whether they should go beyond the minimum. |
Be careful when floating your boat - Tahlequah Daily Press
Be careful when floating your boat Tahlequah Daily Press “One of the biggest things we encourage is to check their safety equipment,” said OHP Marine Enforcement Division Boating Education Trooper Tony Richardson. “Make sure it's still in good shape. What we run into a lot of the time is the kids have grown, ... |
New Zealand. Vesper Marine Virtual AIS Beacon receives 2nd 2012 Award for ... - BYM News (press release)
New Zealand. Vesper Marine Virtual AIS Beacon receives 2nd 2012 Award for ... BYM News (press release) Vesper Marine, a leading manufacturer of innovative marine safety products, announced today that its Virtual AIS Beacon for Aids to Navigation has been awarded Special Commendation at the New Zealand Hi-Tech Awards 2012 in the State Government of ... |
Thieves stealing boat engines in Stuart - wflx
Thieves stealing boat engines in Stuart wflx You feel angry. You feel sad," she said. Hawk, an insurance agent by trade, does have insurance on her boat. She said the claim for her stolen property is more than $34000. Karl Harriger, who owns Above & Beyond Marine, is refitting Hawk's boat. |
Sunshine sailors prepare for SB20 Championships - Sail World
 Sail World | Sunshine sailors prepare for SB20 Championships Sail World The polished sailing style of the Club Marine Blue crew set the foundation to win all the major Australian regattas including the 2012 National championship hosted by the Royal Tasmanian Yacht Club on the tricky River Derwent. Based on these impressive ... |