There is something about a ship lost at sea which sends shivers down our spines and evokes a sense of mystery and chilling fatefulness. Maybe because the sea can become an endless void which is instinctively unnerving. However, even though thousands of ships have gone missing at sea some have become legendary and their tales timeless.
What does it cost to have proper insurance for your sailboat? Since we are planning to do extended off-shore cruising, the perfect insurance for our boat should not only be a general liability insurance but we also wanted a full comprehensive yacht insurance that would cover any damage on our boat, no matter what would happen.
If you think that getting the best boat insurance rates is by sticking with the same insurance company that insure your home and car then think again. In fact doing some research into what is available when it comes to this type of insurance could actually end up saving you quite a bit of money in the future.
Repairs to any kind of boat can prove very expensive and that is why getting the right kind of insurance to cover such is important. However as you will soon discover when you carry out a search for the best possible boat insurance rates that they vary widely. So you need to spend time on looking at what is available and comparing the rates charged.
If you own a marine vessel that is longer than 26 feet, you need yacht insurance. (If it is less than 26 feet, you need boat insurance.) Yacht insurance will protect your investment from theft, damage, and other things that can cause partial or complete loss.
If you’re a boat owner, there’s a chance you may have overlooked obtaining the right boat or watercraft insurance policy. Perhaps you’ve been under the impression that your homeowner’s policy covered your boat as well. The truth is that some homeowner’s policies may provide limited boat liability insurance coverage, with the determining factor being usually the power of the boat motor.
The other day, an acquaintance invited me to lunch at a nearby country club, as I drove into the facility, there was a sign by the big pond, which looks like a miniature lake, which said; “No Jet Skiing” – indeed, I got a big chuckle out of that, and I asked my acquaintance about it over lunch. He explained to me that some yahoos every year, and often put their jet skis in the pond and race around. They do it every year, and no one has ever said anything, except for a few older ladies who claim it…
If your business involves the shipment of goods locally or abroad, whether inland or across the ocean, you need to realize that the moment those goods leave the door, they change hands many, many times, and there’s no knowing what may happen. To protect your goods and your business, you need to have marine insurance. But how do you choose the right one?
Your heart’s racing, you’re sweating profusely and you know all eyes are on you. First day on a new job? That recurring dream where you’re standing in front the school in just your underwear? Nah, you’re just riding high on your motorcycle, boat or watercraft. You’ve waited all winter to feel this exhilaration, and now spring has finally sprung. But, before you back that trailer down the ramp or take your bike out of storage, you’ll want to ask yourself one thing. Are your “toys” ready for spring?
Summer’s almost here and millions of Americans will be taking to the nation’s waterways in boats. However, before they back down ramps at lakes, rivers and at coastal communities, boaters should be aware of an additional concern other than seals, fuel systems, GPS units, live wells, fishing tackle and engines. That would be insurance.
