Your Boat insurance Information

Hot sun and warm water are the norm during the summer months, and these conditions translate to shopping and buying boosted boat so people can enjoy the rays and sprays. If you’re in the market for your own watercraft – or if you’re about to wheel your own boat to the water for some sun-soaked fun – remember that it’s also a good time to consider your boat insurance options.

What Are Types Of Boat Insurance Available?

To cover your boat or personal watercraft (PWC), two types of insurance are available:

* A boat insurance policy from a company specializing in marine or boat insurance, such as Progressive, or
* Additional coverage on your homeowners policy.

Each of these options have major differences, so contact your insurer for more information and consider your needs before you decide Which type of boat insurance to buy.

When Do You Need Boat Insurance?

If you purchase a boat insurance policy from Progressive or another company that specializes in boat insurance, your policy is designed specifically for your boat. With a boat-specific policy, you’ll have the option to choose coverage rather than Agreed Value Actual Cash Value coverage, Which is the only type of coverage available with your homeowners policy.

The difference: Agreed Value coverage lets you decide what your boat is worth, and you’ll receive that amount if your boat is totaled in a covered loss. Even if the actual cash value of the boat is less at the time, depreciation is not considered on claims with Agreed Value coverage.

Does Your State Require Boat Insurance?

Depending on where you live, you may be required to have insurance if you own a boat. If you’re not certain Whether you need it or not, you may want to contact your state insurance department or your insurer to find out if it’s required. Regardless, be aware that boat insurance can cover you in potentially costly situations. So, even though it may not be required, you may want to consider purchasing boat insurance for protection both on and off the water.

Why Buy Boat Insurance if It Is not Required?

It’s always a good idea to have boat insurance, not just in situations that protect your boat from damage, but in situations that Involve injuries to others or damage to other people’s property. Consider the following situations In which boat insurance could benefit you:

* Fuel Spills – The environmental impact from a boating mishap that results in a fuel spill could be costly. For example, if you own a 39-ft. cabin cruiser that holds 300 gallons of gas and you wreck it in a state park, authorities may hold you responsible for the fuel cleanup. If you have a boat insurance policy, you may be covered for this type of damage. If not, you could be held responsible for paying the cleanup costs out of pocket.
* Noncontact Accidents – You may be responsible for your boat’s wake, so if the wash that comes out of your boat when you’re boating causes a wave that capsized another boat, you could be LIABLE for damage to the other boat.

* Off the Water Protection – Even if you’re not boating, your boat insurance works for you. Let’s say your boat is stored at a marina in the off season. Several situations could occur – your boat falls off the jackstands and clips another boat, your fuel tank leaks, your boat catches fire, etc. .. In all of these situations, having boat insurance could benefit you because the damage you cause to other property would be covered. Without boat insurance, you may have to pay for damages out of pocket if no other parties were at fault and / or other coverages not applied.

What Should You Consider Before Buying Boat Insurance?

Look at your options before you purchase boat insurance and gear your level of coverage to your level of living. For instance, if you have many assets, such as a home, cars, a business, etc. .., You may want to purchase a higher level of coverage.

Discounted new boat yacht insurance and encourages safer navigation HARTFORD, Conn. – (BUSINESS WIRE) –
To help promote safe navigation, the passengers, a leading provider of boats and yachts insurance, today announced a new discount * on the boat and yacht insurance premiums for boaters who use the wireless Autotether emergency stop cord. These devices are designed to reduce the chances of a ship out of control by turning off the motor if the boat operator `s going overboard.

According to the U.S. Coast Guard, falls overboard are consistently one of the main

Navigation cause deaths, thousands of dollars of property damage and injuries to innocent victims each year. Incidents in which the operator falls overboard and the boat left without anyone to lead can easily be prevented when appropriate safety devices are used by the ship `s operator.

“Promoting the safe navigation is an absolute priority to passengers as the water falls everywhere in the water at risk, “said Chantal Cyr, vice president of the Division Yachts travelers. “We hope the offer of a boat and yacht insurance premium discount will encourage boat owners to consider using a Wireless emergency stop lanyard to make navigation safer for everyone in the water.

The use of a lanyard emergency stop is required by law in only six states — Alabama, Arkansas, Illinois, Iowa, Nevada and New Jersey. According Autotether, a leading producer of a wireless device emergency stop, most operators surveyed did not carry the emergency stop cord and admitted to leaving the helm at one time or another, when the ship is underway. The main navigators cite reason not to use is that the cord is restrictive and difficulties surrounding the cane, since it’s connected to the operator the ship `s power.

“` We’ve found that surfers do not want to be limited to the head and most emergency stop cords are inconvenient, “said Anthony Viggiano, president of Autotether. “The wireless device relieves the operator of the boat while giving them and crew, the comfort of knowing the boat will stop if the operator is overboard or an audible alarm when a passenger accidentally leaves.

Travelers is currently reviewing the safety devices from other manufacturers in hopes to offer this discount in the future for all sailors who own them.

“Successfully using an emergency stop cord and all the appropriate navigation safety devices could easily be linked to save lives, “said Cyr.

About Travelers

The Travelers Companies, Inc. is one of the main victims of secure property sale
primarily through independent agents and brokers. Travelers understands that life and business are inherently dynamic and that the best way to serve customers is to deliver insurance in line with evolving risks. The company `s diverse business lines offer its global customers a wide range of coverage the car, home and business environments. A Fortune 100 company, travelers have 33,000 employees and 2008 revenues of approximately $ 24 billion. Travelers stock is traded on the NYSE (NYSE: TRV) and is a component of the Dow Jones Industrial Average.

* A discount of up to 2.5% applies only to certain situations and now available for adoption discount wireless devices.The cord can not be available in all states and is subject to individual eligibility.

Traveling by boat is synonymous with cruises and long sea voyages. Traveling by sea is preferred by people who in no hurry to reach their destination and would like to enjoy while going there.
Ferry travel is a good alternative to flying, especially if you intend to leave the country. And if the intention of using their own boat to travel, you will need boat insurance before departure. Marina boat insurance will protect you from adverse incidents that may arise at sea. On the other hand, if you go on board a cruise ship ticket costs typically include the cost of insurance already. Ferry travel is very popular in the states that maintain an international seaport. Examples include Florida, California, Louisiana, Texas, Louisiana, Arkansas, Pennsylvania, Alabama, Minnesota, Wisconsin, Virginia, Maryland, New York and New Jersey.
Boat Insurance For Travelers

1. Boat Accident Insurance
For travel to Europe by boat on your next vacation getaway, make sure you get a boat accident insurance that must cover the unfortunate reality. The potential loss of life, while aboard a cruise ship is possible, so as not to risk going out in the water without it.
2. Health insurance costs
If you board a cruise ship or attempt to travel by ship to Asia, for example, need to ensure that all covered with a traveler’s health insurance before you go. While some cruises offer one for all passengers. But sometimes, their coverage is not sufficient to cover the special allowance and only sustained while in cruise.
3. Luggage and belongings Insurance
This, by far, is the favorite type of travelers insurance. Some people even forget to secure your own person, but never their stuff. While this appears to be very important, should only be secondary in priority. Life insurance and health must always come first.
4. Trip Cancellation Insurance
There are cases that have already booked and paid for the boat trip to Australia, say, and then something beyond your control approached. If you got very sick and need to be hospitalized a few days before his trip and is considered fit to travel by his doctor, insurance companies may reimburse travel expenses already paid.
5. Emergency Travel Assistance
Happen if the unexpected in your trip, whether medical or personal nature, coverage of emergency assistance will help with things you might need right at the time of emergency. Medical equipment or an early flight home are two examples.