- 1). Gather as much information about your boat as you can find. You'll need to know its make and model, the year it was manufactured and where it's kept and how often you use it. The more details you have on hand, the more accurate your comparison of the market will be. You may also need details of any claims you've made on previous policies.
- 2). Establish what you want and need from a boat insurance policy and what level of coverage will be best for you. Think about whether you want third-party coverage, coverage for towing provisions, protection in the event of collisions, storm damage coverage and so on.
- 3). Contact as many boat insurance providers for a quote as you can and supply them with information about your vessel and what level of coverage you will need. Some services, like the Boat Owners Association of the United States and the American Boating Association, can provide quotes online through their websites, whereas others may require you to contact a sales adviser.
- 4). Review all the quotes you receive and compare which one provides the most comprehensive coverage at the most competitive price. Before taking out a plan, it's wise to check the credit rating of your chosen provider with one of the commercial credit rating agencies like Moody's Investors Services, Fitch Ratings or Standard & Poor's. If your insurer goes broke, you could be left without coverage or any claims you've made unpaid.
previous post
next post