Finding a good boat insurance agency is essential if you plan on purchasing a new yacht to take out into the open water. Many concerns may emerge after you buy a yacht. You need to ensure that you stay on top of essential maintenance, and you also need to wash and wax it regularly. Choosing the right boat insurance agency is more important than both tasks, but it can be difficult if you don’t know how to find the best yacht insurance.
How to Find the Best Boat Insurance Agency for You
Learn more about your options when it comes to yacht insurance.
Understand What a Boat Insurance Agency Does
Before you decide on an insurance agency, you should understand these companies’ purpose. Your insurer will issue a policy that limits the personal liability you shoulder in the event of property damage, physical injuries, and other losses that result from a boating accident. Likewise, your insurer is the primary point of contact if you need to file a claim. Choosing the right insurer is thus an important decision.
Assess Your Most Pressing Needs
You should assess your most urgent needs when looking for the best boat insurance agency. For most boat owners, protecting their vessels is a top concern. You will likely want full coverage for your yacht so that you can receive reimbursement for its value if anything were to happen to it. Full coverage will also include any necessary repairs. The right insurer will offer this type of boat insurance policy at a price that fits your budget.
Identify Your Top Liabilities
In addition to shielding your yacht from the cost of damage, your insurer should provide coverage that includes damage you cause to other boaters. Nobody expects to get into a boating accident, but according to statistics, thousands of these accidents happen yearly. If you are at fault, you’ll face steep out-of-pocket expenses without the proper insurance. That’s why choosing an insurer that offers sufficient liability coverage in addition to comprehensive coverage options is essential.
Consider Additional Coverage Options
Damaged boats are not the only risk when you are out sailing. Boaters must also know the potential for fuel spillage and other liabilities. If the motor in your yacht is leaking, you may unintentionally leak fuel and find yourself responsible for the resulting pollution. To ensure protection against this liability, contact a boat insurance agency to ask about coverage that includes oil spill liability and other unique exposures you may need to cover.
Find the Right Boat Insurance Agency
Buying insurance is more than just enrolling in a new policy. It’s a partnership and a commitment that both parties must adhere to. That is why finding the right boat insurance agency is so important. Mariners General Insurance Group offers various coverage options to meet boaters’ essential needs. Connect with an experienced agent and find a boat insurance policy that aligns with your boating liabilities so that you can set sail safely.
About Mariners Insurance
Mariners General Insurance Group was founded in 1959 to protect boat owners and marine business clients. We are marine insurance experts and insure boats worldwide – in every ocean on the planet. Marine insurance is critical if you own a boat or nautical business. Trust the professionals with all of your Boat Insurance needs – trust Mariners Insurance. Call us at (888) 402-5018 any time you have questions or concerns about insurance for your vessel or marine business.
