Small Boat Insurance is Easy To Find
photo credit: AbacondaYou can obtain small boat insurance quotes online in minutes. These quotes can be used as comparison with your existing policy to upgrade your policy, or to add new coverage. Having boat insurance is a must, if docking your watercraft in a marina is required for qualifying for slip rental. Small boats are usually designated at 7m or less in length.
There are various kinds of small boat insurance. Dinghy insurance is available it usually includes the basics of theft, fire, accidental capsizing, and collusion. Obviously the value of the boat and serial number are needed to be registered on the policy. A police report for theft, fire and accidental capsizing claims are necessary for claims regarding these incidents. Replacement value and damage claims are predetermined with original policy filing so the cheaper policy may not be the best option, be sure to read the fine print. Collision coverage will usually include hitting foreign objects or another vessel. Racing coverage is entirely separate you need to apply for this coverage. Racing without the proper coverage may leave you with out a boat and owing out money for the person you collided with and or personal liability issues.
Small boat insurance for speedboats will have all the basic minimum and maximum levels of coverage that will be decided by you. Cost for speedboat coverage is higher than that of a dinghy, for the obvious reasons that you will attain higher speed and the likely hood of collusion is higher. If you plan to tow toys or skiers you will need additional insurance for those types of water sports. If you are deciding on racing your boat, you will need special speedboat racing insurance. Other small motorboats usually have policies that are based on motor size. Sailboats are also placed in this category based on the length of craft.
There are other areas you need to be aware of for instance, that levels of liability insurance are in place to adequately cover you, your passengers and any third party that may be exposed to danger in the case of an accident. Replacement value of your craft, accessories and personal belongings need to also be worked into the equation. Medical limits will be predetermined before policy is in force, but you can increase you insurance liability and medical limits at any time.
When deciding to take your boat on a trip, check with your insurance company to make sure they have policy coverage in that area or country. Small boat insurance will give you the peace of mind you need when owning a watercraft.
Posted by maglane
on Sep 27 2011. Filed under Boat Insurance, Insurance News.
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