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Boat insurance - talk to the boat insurance experts. Get your boat insurance sorted and spend more time out on your boat.
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Boat Insurance Brokerages
Boat Insurance can be complex. Here are three key questions to consider when evaluating boat insurance.
How much do I need to insure my boat for?
Determining how much to insure your boat for is an individual decision based on your risk appetite. You want to make sure that your sum insured aligns with the cost or value of the boat. Underinsurance can leave you short if you need to replace or repair your boat.
What is included with boat insurance?
Boat insurance includes lots of different components. To truly understand your requirements, we'd encourage you to talk with an insurance broker to better understand your risks and the various boat insurance policies that exist to help reduce your exposure.
Who are the best providers of boat insurance?
Great question! Ask an insurance broker what they think. There might be different providers who are better matched to different customers and boat owners. So finding the best provider of boat insurance for you is more important than finding the best providers across the market.
Boat insurance is a specific insurance policy designed to provide coverage for your boat. Boat insurance provides protection to you in the event of damage or loss of your boat.
The cost of boat insurance depends on a few key factors. Firstly, the boat that you are looking to get covered with boat insurance. In addition to the boat, there are details about your boat that influence the cost of your boat insurance. Here are some factors that impact the cost of boat insurance
- The type of boat you want to insure.
- How old your boat is.
- State where you boat resides
- The size of your boats motor.
- Where you use you boat.
- How you use your boat.
What does boat insurance typically cover? Here are a few areas that are usually covered with a boat insurance policy. Please check your boat insurance product PDS or talk with you an insurance broker to understand what your current or potential boat insurance policy includes and excludes.
Collision damage: Usually covering repair and replacement of you boat. Some exclusions can include cleaning up of any wreckage.
Property damage liability: Covering accidental crashes into another boat or damage caused to dock or marina.
Engine damage: Check what levels of coverage are provided and the circumstances under which coverage is maintained.
Bodily injury: Coverage for accidental injury that occurs to a person during the operation of you boat.
Weather damage: Some policies may include coverage for specific weather-related damage to your boat and some policies might have specific exclusions.
Comprehensive: Comprehensive boat insurance coverage can include additional coverage for medical expenses, fishing or boating equipment, oil spills, under or uninsured claims and other possible inclusions.
Using an Insurance Broker for your Boat insurance needs ensures that your business has managed its risks. Every business is different and an insurance broker can help by assessing your unique business risk profile and providing advice on the best insurance cover, including Boat insurance for your business. An insurance broker will also help when it comes time to claim, advocating for you to negotiate the best outcome in the settlement of your claim with the insurer. So whether it's damage to another craft or dock, fuel spill liability or damage to your boat including hull, sails, machinery and more, your Insurance Broker can assist you to be covered.
Advisr connects people with an insurance broker they can trust. Advisr helps you to find an insurance broker who has expertise in the areas you are looking for. With insurance brokers from all over Australia, you can find and connect with an insurance broker that is right for you.
Our CEO, Andy Jamieson. He’d love to hear your thoughts, feedback, questions and comments to help us to understand how we are going at connecting businesses and insurance brokers.
- Drop Andy a note: Andy@Advisr.com.au
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