Boat and Ship Protection

Owning a boat is a luxury that many look forward to. Whether it is a post-retirement pleasure craft

or a more functional vehicle to be used for fun fishing expeditions, marine insurance should be

used to protect the new toy. Protection on the water is necessary since the number and severity of

many hazards are very high when compared with other forms of transportation.

Marine insurance and boat insurance are a lot like car insurance. Marine insurance and boat

insurance protect the operator from the costs related to covered damages and liability claims.

Marine insurance is very flexible since it needs to cover a wide variety of water craft: from a

personal jet ski to a small trailer hauled boat to a large luxury yacht. Boat insurance can also be

written as simple liability coverage policy or as a full protection hull coverage policy. If the boat is

purchased on a loan, the lender may require hull marine insurance to be purchased until the craft

is paid off so that in the event the craft is damaged beyond repair, the lender can still get paid back

on the loan.

Hull marine insurance is a “full coverage” policy that includes both liability insurance and

insurance on the boat itself. This type of boat insurance is the most comprehensive available,

however riders for contents and cargo can be added, further extending protection. Hull marine

insurance pays to repair the damage done under covered hazards. These hazards that boat

insurance covers in a hull insurance policy include fire, sinking, fuel spills, and grounding. The

attached liability boat insurance policy will cover damage caused by your boat to property

belonging to others, such as another boat, and any bodily injury medical expenses up to the limits in

the boat insurance policy.

Once the boat is paid off, hull boat insurance is no longer required, however marine insurance

should not just be given up completely since the craft faces the same perils. A less comprehensive

liability marine insurance policy cuts out the hull marine insurance section to save money.

Liability marine insurance coverage still covers damage caused by the boat to other property,

including other boats and docking facilities, as well as bodily injury and medical expenses to any

passengers on the boat or other people hurt when the boat collided with something else. Liability

boat insurance can also cover the salvage of your boat in the event of a fire, sinking, fuel spills, or

grounding. For increased protection, dock liability coverage can be added as a rider. Dock liability

coverage protects from lawsuits resulting from damage at a dock or marina or other legal action

taken by a dock or marina against the owner of the boat.

Finding the best marine insurance for your water craft can be very time consuming since there are

so many factors that go into creating a boat insurance policy. Independent insurance agencies can

shoulder most of the workload by shopping for the best marine insurance with their partner

insurance providers. They have the ability to take the time to understand your situation and build

the best marine insurance policy for you and your water craft.

About Boardwalk Insurance: Boardwalk Insurance Group is licensed to write marine insurance

and boat insurance policies in over half the United States and has many other insurance solutions

available through its affiliated insurance providers. For More Details visit

http://www.boardwalkinsurance.com