Boat Insurance Research Paper

Every year, thousands of boating accidents happen in the United States. Out of this, 60 percent results in some kind of injury. Aside from accidents, boats also get stolen. This is why it is very important to get boat insurance. With all the dangers, it would be crazy not to get boat insurance.

Here are a few useful tips when shopping for boat insurance.

1. You should look for an insurance company that is responsive & always available. It is very critical that your company responds when you really need assistance. Help should always be close by when an accident happens, when you need claims or emergency service.

2. You should look for an insurance company with good customer service. It is advisable to choose a company with a large network
Boat insurances come in different prices ranging from the affordable to the ridiculously expensive. It is important to understand the policy and service promises behind the price of the boat insurance It's better to pay for an expensive but good quality boat insurance than a cheap one with limited features. It is not advisable to accept low protection just to get a lower price. Make sure that you get the protection you and your boat require.

7. Consider the type of boat you own before getting boat insurance. Do you own a motorboat, a personal watercraft (PWC), a boat without a motor (canoe, kayak or rowboat)? Consider also circumstances in which you plan to use the boat insurance.

8. Though boat insurance is designed to protect your boat, it is also advisable to take note of the other coverage options available. An important boat insurance option is the medical payment coverage which can offer medical protection for you and your passengers. You can never be so sure of your and your passengers' safety when your out at sea.

9. Another option to consider is water liability coverage. There may be instances when you will accidentally injure a person while on the water, a passenger, a swimmer or a water skier perhaps. This is where water liability coverage comes in handy. This type of coverage also protects you if you collide with and damage another boat or if you hit a
The most important option is the physical damage coverage. This coverage will come in very handy if you hit another boat, a submerged object or a dock and damaged your boat's motor. The physical damage coverage usually has two components:

a. Emergency services protection. This type of coverage provides protection of up to $100. It covers towing and mechanical labor if ever your boat breaks down while you're in the water. Also available is an extra emergency services as an optional coverage for an additional premium.

b. Physical damage protection for valuable boat equipment. This type of coverage protects your valuable boat equipments such as boat covers, docking fenders, portable gas tanks, life jackets, anchors and anchor lines, sonar equipment, water skis, cushions, and your boat engine, compass and gear. Also available is an extra boat protection at an added premium. There is also on the road protection for your boat, trailer and equipment. This also covers protection if ever your boat, motor or trailer is