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How Boat Insurance Lets You Enjoy Your Boating Lifestyle
What is boat insurance?
Is boat insurance a good investment?
It is worth considering having boat insurance coverage, even in states that do not require it.
If you live in a state that doesn’t require boat insurance, there’s no reason not to take out coverage. Your boat is an investment, but an investment that takes a beating over time. You should be mindful that it’s subject to hazards like hurricanes and fires. This may also include instances when you’re caught off guard and the risk around you is not visible which also affects third parties like passengers and properties.
Boat insurance can cover many different types of watercraft including yachts, powerboats, sail boats, jetskis, dinghies and houseboats.
Types of Boat Insurance:
This is the most basic level of boat insurance coverage and may only cover you for damage to another person's boat or property. Third-party property does not cover you for any damage to your boat or property.
Third-party fire and theft
This increases the coverage of your boat insurance. There might be increased coverage for injuries your boat causes to others and in addition, you might be covered if your boat is stolen or is damaged in a fire or earthquake. However, this type of boat insurance may exclude floods, storms and hail damaage.
How can Advisr help you?
Avoiding boating accidents is one of the best ways to protect yourself, but sometimes accidents happen even when you’re careful. When they do, boat insurance can offer protection in the case of risks in your boating lifestyle. Contact a boat insurance broker via Advisr now and get you connected with the right boat insurance broker in Australia.
All information above has been provided by the author.
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