Boat insurance is very important to have before stepping off the dock or pier. Boating accidents can cost many thousands of dollars in damages, not even including the cost of the boat. Besides damages from accidents, the boat itself can cost as much or even much, much more than the average car. Most people can only afford the boat once, and are not rich enough to just buy another one (cause if you afford another one, why not just buy a bigger or better one in the first place?). Therefore, boat insurance is essential in protecting you, and your wallet.
Just as boating enthusiasts differ in their aquatic activities and enjoyments, so do boat insurance coverage options also differ. They depend on the boats uses, its monetary value, and its importance to the owner. They can cover almost nothing, or they can cover over double what the boat was worth. It all depends on which you choose.
From simple liability insurance to full coverage life and property insurance, the boat owner will find many available options. Deciding on the one, however, can be a tricky matter. A boater who engages in speed boating, will most likely need a different type of coverage from the boater who enjoys sailing, or the one who embarks only on brief fishing trip, once or twice a year.
Some things to consider when selecting boat insurance are how often you will be using your vessel, and for what purposes. Make sure to organize all these thought so it'll be easy to present to an insurance consultant at the insurance company. Other important factors to consider are the amount of money you have invested in your boat, and the amount of personal property stored on your boat. The boat owner who has installed many high-tech navigation tools or the one, who intends to store expensive sporting equipment on his vessel, will want to carry more insurance than the boat owner who has inner-tubes, and a drinks cooler.
Choosing the right insurance is hard, but making sure you get the right one is crucial to the enjoyment of the water and waves.