A standard homeowners insurance policy may be able to cover\na small boat that is used on inland waterways. You will need a boat insurance\npolicy, however, if you have a larger vessel, such as a yacht, sailboat, or\ndinghy, or if you use the boat outside a coastal inlet or away from the beach. <\/p>\n\n\n\n
A typical boat insurance policy will cover several forms of\ndamage, but it may exclude coverage for wear and tear, design and manufacturing\ndefects, animal damage, and other perils. You may be able to choose additional\ncoverage for a specific feature on your boat or a loss due to wear and tear\n(consequential damage). <\/p>\n\n\n\n
An insurer may offer other coverage that extends beyond\nwhat is covered in a standard policy. For instance, you may choose uninsured\nboaters liability, personal effects, medical payments, and towing and\nassistance coverage. You may also be able to purchase additional coverage that\nwill apply for a limited time if you plan to take your boat outside the United\nStates.<\/p>\n\n\n\n
Some boat insurance policies are based on agreed value. An\nagreed value policy provides coverage based on the boat\u2019s value when the policy\nwas written, even if there is a total loss years later and the boat has depreciated\nin the intervening years. That type of policy may have higher premiums.<\/p>\n\n\n\n
An actual cash value policy will factor in depreciation. If\nthe boat is a total or partial loss, the insurance company will pay an amount\nup to its actual cash value at the time of the loss. That type of policy will\nmost likely have lower premiums than an agreed value policy.<\/p>\n\n\n\n
A company that offers boat insurance will base its premiums\non the type, size, age, horsepower, and condition of the boat, as well as how\nand where it is used and how many people own it. Factors such as whether you\nhave taken a boating safety course, whether you have a good driving record, and\nwhere you plan to store your boat if there is a hurricane can influence your\npremiums. If you only use your boat during part of the year and keep it in\nstorage the rest of the time, you can enjoy low rates.<\/p>\n\n\n\n
Petruzelo Insurance can help you figure out what type of\ncoverage best suits your needs. We can get quotes from several companies that\noffer boat insurance<\/a>\nso you can select the policy that is right for you. Contact us<\/a> today to\nlearn more.<\/p>\n","protected":false},"excerpt":{"rendered":" A standard homeowners insurance policy may be able to cover a small boat that is used on inland waterways. You will need a boat insurance policy, however, if you have a larger vessel, such as a yacht, sailboat, or dinghy, or if you use the boat outside a coastal inlet or away from the beach. […]<\/p>\n","protected":false},"author":1,"featured_media":2942,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-2941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boat-insurance"],"_links":{"self":[{"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/posts\/2941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/comments?post=2941"}],"version-history":[{"count":1,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/posts\/2941\/revisions"}],"predecessor-version":[{"id":2943,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/posts\/2941\/revisions\/2943"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/media\/2942"}],"wp:attachment":[{"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/media?parent=2941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/categories?post=2941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/tags?post=2941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}