Boat insurance is necessary since a boat is a significant investment and the risk of damage is possible. It is important to determine the appropriate coverage for your specific type of boat. In addition to adequately covering your boat, you need to ask yourself the following questions which will affect your insurance policy needs and price.
Who Will Be Driving the Boat?
Just like with auto insurance, the insurance company will want to know who will be driving the boat before supplying you a policy. They will look into both car driving and boating history on anyone who will be operating your boat. If you are an experienced boat operator who has a claim-free history, you may find you are entitled to discounts on your policy.
Which Months Will the Boat Be in Use?
If you own a large boat (usually over 26 feet) the insurance company may require a lay-up period. This means the boat will be out of active service for specific months. As an example, the lay-up period is typically from October to May (depending on where you live). If you are going to put the boat in the water during this time period, you need to realize you may not have insurance coverage. Be sure to ask what the anticipated lay-up period is for any policy you are considering.
Where Will You Be Traveling?
You need to think about where you plan on traveling. It is likely your insurance policy will have limits on how far away from the coast your boat travels. If you are looking to take a special trip the Bahamas you must check your policy to verify you will be covered for your extended navigation.
Once you have determined these three factors, you can specify your insurance policy needs. This will help ensure you are adequately covered for your personal boating plans. Enjoy the summer on the water!
Get the coverage you need. Call Starr Insurance Agency at (512) 279-2871 for more information on Austin boat insurance.