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.