Instant Boat Insurance
Instant boat insurance, like its sister, auto coverage, can be secured online or over the phone in a matter of minutes. With a cell phone in hand, watercraft coverage for that beauty can be ordered while the salesperson is getting the paperwork together. In fact, one can have the approval while sitting in the marina showroom, feet up on the console and a new captain's hat firmly in place. Approval for instant insurance is fast and easy, and if the new owner has all the information in hand, can be done in as little as five minutes. Apart from the coverage needed to protect ones' investment, whether the watercraft is new or used, the liability of this possession can become like a loaded gun because in the wrong or inexperienced hands, the craft has been known to injure, maim or even kill. Having even a modicum of indemnity against its misuse or mishandling can provide an owner with some peace of mind.
When one calls for instant boat insurance or applies online, the standard fare will always begin the process. Name, age, address, those who will operate the craft, make, model and size of engine, if it has one, will all be revealed in the interview. Questions about where the watercraft may be used and stored may also enter the discussion. Social security number, perhaps driver's license and a credit check will round out the list of application questions, and when all information has been verified, a credit card will close the transaction. Just as one's credit score will dictate to some degree how much an auto owner will pay for his coverage, a watercraft owner is in the same 17 foot tri-hull runabout. The insurance carriers look upon a checkered credit history as a sign of financial non integrity and fair or not, transfer that judgment to a person's responsibility to handle an auto or watercraft.
And if a person is of the belief that handling a boat is easier than a car, he has never been to Lake Cocopuffs on a July 4th holiday. While there may be many lakes and rivers that are relatively traffic free, there are at least as many where one takes his life in hand every weekend once the push off from the dock has been made. At least on land there are divided highways and stop lights, and there are supposed to be rules of the water but rarely does anyone read them or remember them. And chaos reigns supreme with skiers bobbing up and down in the water, often unseen and teenagers at the helm roar by with eyes on the opposite sex, but not on the water. And suddenly the liability issues of owning a watercraft and the need for instant boat insurance are brighter than an orange life preserver. But brighter than that life preserver is what's looming large at the end of each of our lives. "And as it as appointed unto man once to die, but after this the judgment." (Hebrews 9:27)
One always wants his boat repaired if a buoy is hit and a giant gash is put in the side of the craft, but instant boat insurance is really all about keeping one's house, bank accounts, retirement accounts and sanity intact if a skier is injured while being pulled behind your craft or struck in the water. If that runabout and trailer come off their hitch and plow into a corn field and destroyed, that's a shame and the focus is on the cost of replacing the craft. But if it plows into a school bus full of children, it's unthinkable and the liability is suddenly gargantuan. Just buying instant boat insurance as a quick and easy satisfier of the lender can be a huge mistake without taking into consideration all of the libelous situations owning a craft can present.
Here are some terms an owner will probably hear as he gets ready to buy instant boat insurance. But hearing is not enough; understanding is also called for. Liability coverage means protection from all the things your boat might do to harm others. Physical damage coverage means the part of the policy that describes how much the policy will pay for damages to the watercraft and trailer. The choice may be to choose an all risk kind of coverage, which includes all causes of damage and listed exclusions, such as not being compensated if the craft is hit by a UFO. The all risk is the more expensive type of coverage, but just as sure as causes are excluded, one from the list will happen. In the physical damage coverage section of an instant boat insurance policy, there will be a choice of actual value coverage or agreed value coverage. Actual value coverage, the less expensive of the two, will pay for what the boat is at the time of the accident, while the agreed value is placed in the policy and will be paid, not matter the actual value of the craft.
Agreeing to take a water safety course, and perhaps also one in boat handling can help reduce the premiums of many instant boat insurance quotes. There can be a very wide range of quotes from various indemnity carriers, so if one wants the best deal, don't seek them in the showroom with feet up on the console and hat on head. This may take some time to secure not only the best deal but also the best policy. Remember that many boaters operate without any liability insurance so take that into consideration before signing the final bottom line. Some say a boat is a black hole in which to throw one's money constantly. Don't let that be said about the insurance of that boat.
Marine Boat InsuranceAttaining adequate marine boat insurance is an absolute necessity for anyone who treasures a water craft investment. Some boat owners assume that this coverage is a part of their home owner policy, but this is usually not the case. While small water craft may be covered under a traditional home owner's plan, the coverage may be much more limited than a water sports enthusiast may realize. Unfortunately, these under insured individuals discover this sad reality only when it is too late, leaving these owners with a badly damaged vessel and very little in the way of cash to be used for repairs. The cost of purchasing and maintaining a water craft can be very high. Obtaining a separate marine boat insurance policy that will cover these costs in the event of theft or damage only makes sense for most boat owners. Such policies may cover the costs of replacing a number of individual items including bilge pumps, anchors, masts, deck chairs, batteries, mooring equipment, depth finders, fire extinguishers, motors and engines, life preservers, batteries, covers, seats, bimini tops, oars, solar panels, fuel tanks, emergency devices, and lights. Of course, there will be limitations to any coverage. Unless additional riders have been added to a policy, there are many items that may not be covered in the event of loss. This may include personal items such as jewelry, cameras, or clothing. Sporting equipment such as water skis or scuba geared may also not be covered. However, most insurance agents can work with a client to develop a plan that will best suit the client's particular needs.
The specific features of marine boat insurance can vary, but will generally have certain things in common. As with all insurance products, basic liability coverage will deal with issues such as any damage to property that a policyholder is responsible for should this policyholder be found to be at fault in an accident. If this accident has caused bodily injury to others, the costs of treating these injuries will be handled under liability coverage as well. Of course, there are limits to this coverage, depending on the type of policy that is selected. Requirements on what is covered and the dollar amount that applies can vary from state to state. Some policies will also handle the funeral expenses if any loss of life is the result of an accident that an insured individual is liable for. Payment for the physical damages to the vessel and the cost of salvage efforts will often be covered as well. In some cases, any damage that occurs to a trailer as a result of an accident or natural disaster may be covered. There can be deductible associated with this coverage. Other expenses that might be covered by marine boat insurance could include towing reimbursement, emergency services, or pollution damages as a result of an emission of a petroleum product. Should an uninsured boater cause damage to a policyholder's vessel, there are many coverage options that are available.
Classic and antique vessels are in a category by themselves and therefore require a special type of marine boat insurance. Since the value of a classic or antique water craft can be a somewhat subjective factor, many policies will allow an insured consumer to come to an agreement with the insurance company regarding the worth of the vessel. Current market value will of course enter into the agreed upon amount, but the owner of the boat will have a say as to how much the craft is worth. No one wants to see their hard work and efforts go up in smoke without any opportunity to recover losses. If an antique water craft enthusiast is in the process of restoring a boat, coverage in the event of fire or theft is very important. Reproductions and brand new wooden boats may also be eligible for coverage. Some providers will impose strict regulations on just where an antique or collectible vessel can navigate. If an owner prefers more flexibility in this area, finding a policy that will accommodate this preference may be recommended. In addition, some providers may require that a boat owner keep the vessel laid up over the winter months. Looking into all of these features and finding a plan that best meets the individual client's needs is an important part of purchasing marine boat insurance.
When selecting a provider of marine boat insurance, a consumer should consider many things. The flexibility of coverage options is important. A company's stability and the quality of customer service are also crucial factors. Taking the extra step of making sure that personal water crafts are adequately insured can really pay off in the event of an accident or natural disaster. The Bible talks about the blessings of perseverance. Blessed is the man that endureth temptation: for when he is tried, he shall receive the crown of life, which the Lord hath promised to them that love him. (James 1:12)
While insuring a water craft will involve extra expense, there are ways that a consumer can cut down on costs. Some providers will offer discounts under certain conditions. If an owner completes a course on boating and water safety, this may entitle them to lower premiums. Regular mechanical inspections and replacement of defective parts can yield valuable discounts as well. No matter what approach a water craft owner might choose, purchasing marine boat insurance can be part of responsible ownership.