A Beginner’s Guide to Boat Insurance

Have you recently bought a sailboat, speedboat, luxury yacht or kayak? If you do not have much knowledge about boating, you are probably thinking that your boat is covered in your homeowner policy. However, your boat is far from your home insurance. Boat insurance is more of a combination of your auto and home insurance. For instance, just like home insurance, a boat policy will cover for someone injured on your vessel and you will as well get a choice to get a replacement or cash compensation. The policy will also cover for physical damage on your boat when you hit an object, for another person’s property damaged during an accident or bodily injuries on the people being ferried. These are similar terms in auto insurance. Linda Dugan Insurance also provides coverage against theft, fire, vandalism and for your personal property such as your fishing gear.

Different from car or auto insurance, however, boat policy can allow you to suspend coverage for some of the periods that you are not using the boat. However, if your boat is out of the water, attached to your car or truck moving around Astoria, OR, your boat is covered by your car insurance. Thus, your boat policy will not pay for your yacht, property damaged or any bodily damage that might occur. The more difficult situation is if your boat is damaged while parked on your property. This is because your home insurance may provide coverage or fail to do so in such a situation. To protect your boat against this, Linda Dugan Insurance recommends an umbrella policy. This is advantageous because, if somebody is injured, it comes ahead of your home insurance and even covers up to the additional limits. Be cautious of some policies offered in Astoria, OR that do not cover for your boat out of the waters of U.S. and Canada. Visit Linda Dugan Insurance to get help with your boat insurance.


Why should you have a life insurance cover?

When it comes to securing a future for your loved ones, it does not matter whether you are a resident of Astoria, OR or Texas. Everybody feel obligated to give their loved ones a good life even after they pass on. That is only possible if you buy a life insurance cover. As a resident of Astoria, Linda Dugan Insurance gives you the necessary advice and knowledge before selling the covers to you.

Among the reasons you should buy a life insurance cover include;

To cover children’s expenses

As a guardian or a parent with kids depending on you, you will want to know that nothing will come between your kids’ education. Life insurance helps pay school fees for children whose parent had bought a cover after his or her death.

To pay off significant debts

Through life insurance policies as offered by Linda Dugan Insurance, in the event of death, the benefits can help the family members who are left behind clear big debts like mortgages which can be such a burden when one spouse or the family breadwinner passes on.

To help with burial expenses

The benefits that the family receives after the death of a partner or a parent can also be used to clear major medical bills and funeral expenses if the family cannot cater for them. The remaining portion of the money can be used to supplement the income of the surviving spouse till they coup with the needed economic adjustment.

Buy business share

After the death of a business partner, your life insurance cover pays a significant role in helping you keep the business afloat without selling it. You can use the money to buy his or her shares. It is worth noting that you can purchase a term life insurance cover or whole life cover depending on your needs and capability.