| If you are considering a personal boat purchase, such | | | | documentation for the value of the boat. |
| as a cruiser, a fishing boat, or any other type of boat, | | | | Another type of physical damage policy is similar to |
| you will want to incorporate insurance into the overall | | | | auto insurance, where the insurer pays what the boat |
| cost of the boat. Its a good idea to get boat insurance | | | | was worth at the time of loss, or the actual cash value |
| quotes when you have decided on the make and | | | | of the boat. This type of policy factors in depreciation, |
| model of the boat, or when you are ready to | | | | and is usually less expensive than an agreed or stated |
| purchase. Personal boat insurance is essential for boat | | | | value policy. However, you may get less then you |
| safety and security. | | | | would in the event of a boat loss. |
| The first place to start is with your current auto or | | | | Your policy will also include liability, which will protect |
| homeowners insurance company. A separate policy is | | | | you if you hit another boat, or someone in the water. |
| best for a boat, because you don't want your liability or | | | | You want to make sure your liability limit is high, so you |
| premiums tied into your home-owner's policy. You can | | | | will be fully protected in case of an accident. You will |
| always sell your boat if the insurance is too expensive, | | | | also want to include medical payments, which will |
| but it is much more difficult to do that with your home. | | | | cover any passengers on your boat who are injured. |
| However, if you have your different policy lines with | | | | Other essential items in a boat policy are emergency |
| the same company, than you may get more of a | | | | services, such as towing coverage, which provides |
| discount. After you've gotten the initial quote, you can | | | | coverage if your boat has to be towed back to shore |
| shop around for comparison quotes before you make | | | | because of an accident, and also boat recovery. If |
| your decision. | | | | your boat has sunk, and has to be brought up to the |
| Similar to auto insurance, boating insurance covers | | | | surface, that type of service can be very expensive, |
| liability to others, and physical damage to the vehicle | | | | and you want to make sure its covered in your policy. |
| itself. In addition, there is also additional types of | | | | You may also want to consider additional coverage |
| coverage you can add to your policy. If you have a | | | | for any extra equipment on board, such as fishing gear |
| newer boat, or have a lienholder on the boat, you will | | | | and tackle, as most policies have a coverage limit for |
| want or may need to include physical damage | | | | personal items. |
| coverage on your policy, which covers damages to | | | | Personal boat insurance is a necessity, and should be |
| the hull, parts and machinery of the boat. Agreed value | | | | incorporated into the overall cost of boat ownership. |
| is a type of policy where you and the insurer agree on | | | | By comparison shopping, you can usually get a good |
| the value of the boat, usually based on the purchase | | | | deal on comprehensive insurance. Its better to have |
| cost. If there is a loss, the insurer already knows how | | | | the peace of mind that proper insurance provides, so |
| much to pay for the total loss of the boat. With this | | | | you can truly enjoy yourself when you take out your |
| type of policy, its important that you keep | | | | boat. |