Things to know about the Insuring Your Boat
Boat owners should understand how marine insurance differs from that of their car. There is little difference between the two types of policy except for the amount of cover provided with boat insurance is considerably larger. Though one goes by land and the other by sea, there are variations beyond the basic coverage common to both. Boat and yacht policies can even vary between companies that specialize in marine insurance. The standard policy, the watercraft liability insurance coverage, is required by law in most states. This insurance policy provides coverage if damage occurs to a person or property as a result of actions taken on your boat. This is true whether or not it is during transportation or actually on the water. This is a law requirement in having this type of liability coverage, and each area will have its requirements as to how much you will need. It is wise to consult with an insurance agent to find out what is necessary to meet the requirement of the law. Liability...