A Few Things to Keep in Mind About Boating Insurance

As we enter the summer months more boat owners are eager to hit the water and more people are interested in owning a boat. You absolutely need boat insurance before you enter the water. Here are a few things to consider when searching for a boat insurance policy.

 

Basics

  • Small crafts are sometimes covered under homeowners/renters insurance
  • Large crafts and personal crafts need their own policy

 

Some Things That Are Covered

  • Loss/Damage to Boat
  • Theft of Boat
  • Injury
  • Property Damage
  • Medical Payments
  • Boat Accessories (Damage, theft, etc)
  • Towing

 

Possible Discounts

  • Diesel powered
  • Fire extinguishers that are Coast Guard approved
  • Radios that communicate to shore
  • Water safety course completion
  • Bundling insurance
  • Staying claim free for two years

 

It is also crucial to practice good boating safety habits along with having the correct insurance coverage. Both of which prevent physical injury and financial turmoil to the owner. Boating is a fun hobby and fantastic summer pastime, but it is important to stay safe on the open water.

 

Some boating safety tips include:

  • Having floatation devices easily accessible
  • Knowing the water traffic laws
  • Being extremely aware in shallow water
  • Not using a boat while under the influence of alcohol, drugs, or other mind altering substances

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