16 Sep No Comments admin Uncategorized

If you have invested or are about to make an investment on a large recreational equipment like a boat, then you know how much it has cost you. If after you have purchased a boat, you fail to purchase insurance for it against accidents, damage, or theft, then you should remedy it right now!Do not leave it uninsured when it is so easy to get boat insurance quote online. Here are a few things that you will need to know when it comes to getting boat insurance online:

  1. Your homeowners insurance is not going to cover your boat! Even if it does, this protection will extend to really small boats that have no engine or have a very small one. In order to be sure that your craft is well insured, invest ina separate boat insurance policy.
  2. A good boat insurance policy should not just cover the boat itself. It should also extend to the following:
  • Engine
  • Equipment
  • Fishing Gear
  • Trailer
  • Passenger Injury
  • Property damage liability
  • Bodily injury liability
  • Theft
  • Collision
  • Emergency Water towing
  • Personal Effects
  1. If you feel like cutting corners to save money on boat insurance, don’t! Instead, you can take advantage of options that will save you money while still providing complete coverage. You can save on insurance costs, if you bundle insurance policies together, such as home, auto, and boat. Another way is to practice safe boating by enrolling yourself and any members who will be using the boat in a boater safety course.
  2. Distinguish between an actual cash value policy as opposed to agreed value policy. The former refers to getting a payout for your losses that is based on how much your boat is worth at that time in the market. It has an advantage that you will have to pay less up front but the downside is that you a loss will set you back further. With agreed value, you will given the amount agreed upon in case of a loss.
  3. If a family member is driving a boat when an accident occurs, they are also covered under the conditions of the policy.

365insurance offers you an opportunity to get your sea-craft insured with the Nautilus Marine Insurance Pty Ltd. All you need to do is click here and get your boat insured online!