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The only way to enjoy your time on the water is with the peace of mind that you and your watercraft are covered should an accident occur.
Living in Connecticut offers residents plenty of great water spots to enjoy boating and sailing. From the expansive stretch of shoreline facing the Long Island Sound to numerous lakes and rivers, Connecticut is full of salt and freshwater areas to spend leisurely sails and recreational power boat runs. With boat insurance, you can insure against most risks that come with owning and operating a boat, its motor and the trailer used to tow it.
No matter what type of boat you own, the only way to truly enjoy your time on the water is with the peace of mind that you and your craft are covered should an accident occur. The best way to achieve this security is to purchase boat insurance that can help protect against a variety of risks that include: sinking, fire, stranding and collision.
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Boat insurance is similar to homeowners insurance in that it covers you if you are liable for injury to someone that occurs on your boat. It is like an auto policy in that it covers bodily injury that your boat causes to others, property damage if you hit a dock or another boat, and damage to your boat if you hit something or run around. You can also purchase comprehensive coverage that will cover you in the event of theft, vandalism, or fire; personal property coverage for fishing gear and other items on the boat; uninsured boater insurance; and roadside assistance if your boat needs to be towed.
If your boat is completely destroyed, the amount of money you are reimbursed by your insurance policy will depend on the type of coverage you choose. If you insure your boat for the “agreed value,” you will be reimbursed the amount you paid for it. If you choose “market value,” you will be reimbursed for the value of the boat at the time of the loss, taking depreciation into account. People who own newer boats often choose agreed value, while those with older boats tend to choose market value.
Depending on the insurance company you work with, you may be eligible for a number of discounts related to your boat insurance. Discounts for multiple policies with one insurance company, completing water safety courses, insuring more than one boat and using a boat that is powered by diesel fuel may entitle you to additional discounts on your boat insurance. It pays to inquire with your local insurance agent about what discounts are available and what you qualify for to take advantage of these savings.
Before you set sail or motor out for a day of jet skiing, it helps to know as much as possible about boating safety. Even if you grew up sailing it never hurts to take a refresher course on boat safety to learn about properly using life jackets, what to do if your boat catches fire and how to respond if your boat runs aground. When driving a car on the highway you can't predict how other drivers will react and the same is true for sailing or power boating on the water. Don't assume others will abide by the rules of navigation or that they have the same safety concerns as you do. Protect yourself and your boat with affordable boat insurance and do your best to practice safety on the water.
If you have questions about the type and extent of boat insurance you need to protect yourself and your watercraft, contact a representative at Petruzelo Insurance today. They will get started on a plan that can give you peace of mind when enjoying your time on the water.
When considering insurance for your boat you will also need to factor in the accessories on the boat including anchors, oars, tools, extra fuel tanks and life preservers. The agents at Petruzelo Insurance have over 50 years experience helping boat owners in Connecticut find the coverage they need to make their sailing and boating experiences fun and safe.