Insuring your boat properly means you won’t get left high and dry if things go wrong. Here are a few tips that are particularly important for boat insurance.
It’s important to know how far you’re planning to travel in your boat, as a policy will typically stipulate a navigational range. If you have an accident beyond the navigational limit of your policy, you may be left unprotected. Carefully consider the navigational range your require before signing anything.
Comprehensive or Specific?
If you’re planning to use your boat every day or each weekend then a comprehensive plan means you’ll be worry free. You can choose to include everything, and you’ll pay the premium. If there’s a specific item you want to insure then you could and benefit from a lower rates.
Will your boat be laid up?
If there are extended periods when your boat goes unused, then you may qualify for lower premiums during those times. When your vessel is stored and maintained properly, you are at a much lower risk for damage. This decrease in risk can equate to major savings.
Aussie Boat Loans are happy to refer you to either an insurance company representative or insurance broker who will give you the help you need.
Apply for boat insurance online with Aussie Boat Loans.
Photo by Eleonora Patricola on Unsplash