5 Mistakes Consumers Make Trying To Save $ On Boat Ins

Posted by Benji Riggins on May 13, 2009 under Boat Insurance | Be the First to Comment

1.  Dropping Insurance Coverage Because The Boat Is Paid Off.

    Boat Insurance covers more than just the vessel, providing coverage for personal injuries, environmental cleanup and liability issues out on the water.

2.  Shopping On Price Alone.

    Paying less for insurance could mean lower policy limits and less coverage.

3.  Lowering Liability Or Other Limits To Save On Monthly Premium Costs.

   An Indepedent Insurance Agent can help a boater identify the proper amount of coverage needed to protect other personal assets, ensuring the boater does not have too much coverage or too little.

4.  Choosing A Deductible You Can’t Afford.

   While choosing a higher deductible can help save on monthly premium costs, boaters should make sure to choose a deductible that they can affod in the event of a claim.

5.  Intentionally Cancelling Boat Insurance Coverage During The Offseason.

   This overlooks many risks that could damage the boat when it’s not in the water such as fire at a storage facility or a fallen tree during a storm.