Best Boat Insurance Tips UK

Having boat insurance is an absolute necessity for all UK boat owners.

There are 2 main types of boat cover that you should have:

1. Physical Damage Coverage:This cover usually includes repair and maintenance of your boat and it’s parts if it’s vandalised, stolen or damaged by wind, hail, fire, lightning, or explosion.

2. Watercraft Liability Coverage: Sometimes even the safest captains can have a nasty accident on the water. This cover will protect you from legal and damage costs associated with accidents on water.

Ten things you should do to get the best boat cover out there:

1. Write down all the details of your boat, year of manufacture, number of owners, replacement cost, use and so on, also get all the relevant documentation about the boat together. Then look both online and offline to locate leading insurers who offer insurance coverage for the model of boat you own.

2. Once you have a list of insurance companies contact then online, offline or through agents. Ask for a schedule of benefits and the policy key facts from which you can determine important aspects of the policy like coverage, facilities, premiums, and so on.

3. Make a comparison of at least 3-4 insurance policies. Compare costs as well as coverage. This will take a bit of time but be worth it when you locate the best policy for your boat.

4. If you want to save time try an insurance agent that specialises in boat insurance. They will most likely be able to get a very good deal.

5. Different boats need different types of cover. Look for some boating sites online, that have specific information on your type of boat and what kind of insurance it needs.

6. Find out what agreed value/stated value; actual cash value; and exclusions and excess means and how hey affect you.

7. Most policies define navigation limits. Understand what it means as well as terminology like brown water and blue water.

8. Ask about umbrella policy. Umbrella policies are affordable around USD 150-500 per million.

9. Look up your prospective insurance company on the FSA(Financial services authority) web site to make sure they have a good history.

To enjoy ownership of a boat you need to ensure that your insurance policy works for you and that your interests and the boat are well protected.

3 Responses to “Best Boat Insurance Tips UK”

  1. Kylie Batt - April 12th, 2010

    Гониво…

    верстальщик-печатник 2. Watercraft Liability Coverage: Sometimes […….

  2. Kylie Batt - April 21st, 2010

    По моему мнению Вы допускаете ошибку. Предлагаю это обсудить. Пишите мне в PM, поговорим….

    Помощник юриста/ юрист 2. Watercraft Liability Coverage: Sometimes […….

  3. Kylie Batt - May 13th, 2010

    Это будет последней каплей….

    заведующий складом Having boat insurance is an absolute necessity for all UK boat owners.
    There are 2 main types of boat cover that you should have:
    1…..

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