Buying that boat was a lifelong dream come true! Before you set sail, you will need to bring along more than sunscreen for a day on the water. There is much more to boating than climbing aboard.
The knowledgeable and helpful agents at Oak Ridge Insurance Services want to share some important must-know tips about boat insurance. Here are 4 boat insurance must-know tips before a day on the water.
- Get boat insurance before you hit the water. You will need to know the size, type value of the boat for your agent to determine what type of insurance and how much you will need. Some small boats may be covered under a homeowner’s policy. While large yachts or speed boats will need a separate policy.
- What does boat insurance cover for an Oak Ridge, NC boat owner? Boat insurance policies will pay the cost to replace a vessel less depreciation. A partial or total loss will be calculated differently. Policies typically cover theft, bodily injury, liability, medical, towing, trailer and accessories, and loss or theft of belongings.
- Safety First – Always follow best practices for boat safety. Watch your speed, watch the weather, and never drive while drinking too much alcohol.
- You May Qualify For A Discount – Always ask if there are discounts that you qualify for. For instance, if you have ship-to-shore radios or Coast Guard-approved fire extinguishers, you may qualify. If you are operating a diesel-powered boat, it is not as dangerous as a gasoline-powered one. If you have taken boating education classes or have years of experience you may have earned a discount as well.
Make sure you’re covered before you hit the water. Contact Oak Ridge Insurance Services serving Oak Ridge, NC before you set sail.