• Home
  • Contact
  • –
  • Automotive
  • Entertainment
  • Family
  • Food & Health
  • General

DeeR Digest

  • Business
  • Education
  • Investments
  • Law
  • Tech
  • Travel
  • Lifestyle

Types Of Boat Insurance Coverage

November 4, 2014 by EDTR53 Leave a Comment

The open waters of the world make up over 70 percent of the Earth’s surface, for boat owners, these waters are the symbol of peace or destruction, depending on what nature is throwing their way. The Bermuda Triangle is thought to be the world’s most dangerous waters with boats disappearing under suspicious circumstances much too often. Between the hurricanes, pirates, and general bad luck that a boat captain may run up against, it is no small wonder that there are boat insurance products to fit everyone’s needs. You see advertisements for life, health, auto and home insurance all of the time, if you watch the television at all. Boats on the other hand, are rare. Do you know what type of boat insurance coverages and packages are available?

Size Matters.

Boats come in all sizes and since Florida is a peninsula surrounded by water on three sides, insurance companies that offer boat insurance have a variety of packages for a variety of needs. While you might think the bigger the size of a boat, the bigger the insurance premium, but size isn’t the only factor. You could have a fifty foot party barge and a thirty foot yacht and the insurance will be more expensive on the yacht. Other factors that figure into a boat’s appraised value are similar to an automobile: safety features, how many passengers will it hold, how old is the boat, and what is the replacement value of any add-ons.

As technology improves in the rest of the world, boats implement and utilize every bit of it. The sonar equipment, geographic positioning systems, and modern electronics have completely reinvented the boat industry. It is entirely possible to build a boat you can live on with bathrooms, bedrooms, kitchens and any other creature comforts you can imagine. If you have a top of the line surround system and wet bar or a hand held battery radio, there is a coverage option available to meet your needs.

Types Of Boat Insurance Coverage

Types of Coverage

Regardless of the size or technology on your boat, the boat can be used for a multitude of purposes. A small two man raft may be used for a commercial guided tour. A 120ft yacht may be a vacation spot and a twenty foot pontoon may be a rentable party barge. There are insurance coverage plans for any type of event. Coverage can take a variety of forms and there are many specialized coverages that can be added as riders to your coverage. Coverage typically includes theft, fire, sinking, property damage, boat trailer coverage, collision watersports, and even bodily injury.

How the coverage is applied to each case will vary and the details are important. As a peninsula, Florida is actively engaged in worldwide commerce and the waters off the coast are difficult jurisdictional struggles. With Florida state laws, federal sovereignty regulations, and international maritime laws establishing a complex network of rules, insurance companies must take on complex issues. Licensing and insurance are critical considerations for anyone who wants to become a sea captain. The United States has a long and proud maritime tradition as one of the few nations discovered by the colonial outreaches of Europe. Out of that proud tradition comes a seashore with multiple ports and channels designed with the sailor in mind.

Types of Boats

Anyone who has lived in Florida for any real amount of time and visited the water ports surrounding the state has seen the boats that go roaring by. While some boats could be space ships since they are so technologically advanced, others crawl around giving tours. The way you use your boat makes a tremendous difference in the type of coverage plan you will need.

Charter boats that carry more passengers will need higher bodily injury coverage than a speed boat. A speed boat will have a greater risk of property damage than a sail boat. All boats will have a greater risk of hull damage in Florida than a boat in a lake of Wyoming. The average risk is much greater when you consider the weather conditions alone. With ocean waters presenting the constant risk of corrosion and electrical wiring being susceptible to fire, saltwater boats have to take more intensive precautions. Safety features always reduce the risk of insurance claims and help keep the premiums down.

Buying a boat is a dream for some people and like any dream you would pursue you must do your research. Before you buy your boat try to identify exactly how it will be used and call the insurance companies to see where product cutoffs are for coverage. It may be the case that choosing a 19 foot boat instead of a 20 foot boat may make a huge difference in costs of insurance. Not only will you potentially save money, you will be able to look for features that reduce the costs even further. Of course, you can also simply go to www.insuranceland.org to find quality boat insurance coverage.

The author, Ray Donato, is a proud boat owner who loves the freedom of the open seas, but also wants to make sure he’s covered in case the unexpected should happen and his prized possession is damaged or sunk. To learn more about Ray you can visit on Google+.

Filed Under: General

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Packing Tips for On-the-Go Dancers
  • The New Face of BC.GAME has Launched
  • Introduction to Crypto Casinos
  • What Exactly is Cloud?
  • What Does Software Delivery Mean and How Make It Properly?
  • 5 Best Foods to Eat For Breakfast That Actually Keep You Full
  • Top Ways to Generate More Business This Christmas
  • Pets That Are Most Commonly Seen In Households
  • Unusual Medical Issues and How to Deal With Them
  • How to Choose The Best Elderly Care Options For Your Loved Ones

Categories

  • Automotive
  • Business
  • Education
  • Entertainment
  • Family
  • Food & Health
  • General
  • Investments
  • Law
  • Lifestyle
  • Tech
  • Travel

Tags

Accident Claim Accident injury law Accident lawyers Automotive business car Credit Cards Entertainment Essay writing family fashion Finance Fitness Food & Health general Goa health Healthy Tips home Home Decorating honeymoon destinations insurance Investment Investments iphone law Lifestyle Lose Weight marketing Mental Health Office environment online Personal Injury Lawyer save money supplements tech tips trade show Trading travel Travelling water website wedding weight loss

Archives

  • November 2023
  • October 2022
  • August 2022
  • June 2022
  • May 2022
  • January 2022
  • December 2021
  • November 2021
  • September 2021
  • July 2021
  • May 2021
  • February 2021
  • January 2021
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • January 2019
  • December 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014

Copyright © 2025 · Metro Pro Theme on Genesis Framework · WordPress · Log in