Keep your head above water and your vessel secure—these boat insurance basics are here to help you better understand how to protect your summer ride.
With Summer peaking its head around the corner, it’s important to understand your insurance policy and the specific coverages it may or may not provide for your boat. With that being said; the size, type, and value of your vessel have a lot to do with your insurance needs. As with any policy, it is important to make sure you understand exactly what perils are covered and what your policy limits are.
Coverage
One of the most frequently asked questions we receive when it comes to boat insurance is if it is included within a homeowner’s policy. While there may be some perils that fall within your home coverage, your homeowner’s insurance is not an adequate substitute for a specific boat insurance policy. You can review specific coverage options by checking the list below and contacting your insurance agent with any questions.
- Collision Damage
- Property damage liability
- Bodily injury liability
- Comprehensive
- Additional coverage options
Discounts
With any policy, it never hurts to check with your agent to see if you qualify for discounts. Although many discounts tend to differ from agency to agency, some of the most common ones include;
- Multi-policy discount
- Full-pay discount
- Boat Education discount
- Homeowner discount
Next time you review your coverage, ask your agent about any special discounts you may qualify for.
Best Practices
With great boating, comes great responsibility.
Did you know that about 40% of boating fatalities occur from drowning or collision? That’s why our last—but probably most important tip when it comes to sailing the seven seas is to stay alert, stay sharp, and stay safe. Regardless of how long you’ve been boating, it’s important to brush up on best practices to help avoid an accident.
- Have your boat inspected
- Make sure there are enough life jackets on board
- Develop and practice a float-plan
- Pay attention to the weather
- Know how to swim and check that your passengers know how too
- Don’t drink and drive—that also applies to a boat!
If you wouldn’t drive a car without insurance, don’t drive a boat without the proper Boat Insurance!
Here at Lantz Family Insurance Agency, we are committed to providing our clients with quality insurance and superior customer service – including when disaster strikes. Should the need arise to file a claim, we’re ready to assist you in any way we can. Call us for a FREE, No-Obligation Quote at 774-992-0789 or email info@lantzfia.com.
Peter C. Lantz, Owner/Agent
Peter C. Lantz (Pete) has been a Licensed Insurance Agent in Massachusetts for more than 10 years. He has worked for Arbor Insurance Brokerage, Inc. as well as USA Wealth Group, Inc. as an Insurance Broker and Financial Advisor during this time. Pete has his Real Estate Brokers’ License, as well as Life and Health Insurance Licenses. Peter is proud to have served in the United States Marine Corps Reserve.
