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