[inline:marine.jpg]Boat, Yacht and Boat Dealer and Marina Insurance serving New York and Vermont
How do you know if you are getting the best boat insurance coverage and value for your boat? It all starts with your choice of a marine insurance broker or agent - the important link between you and your marine insurance company. It is the agent's job to review your boat insurance coverage needs and to make sure that you have a policy that is tailored to meet your particular situation. If you work with an insurance agent that specializes in marine insurance, your agent will understand your needs and be able help you purchase the right insurance protection. Your agent will also be able to help you at the time of a loss.
A knowledgeable marine insurance agent who knows the industry, the local marinas and repair yards can help speed up the settlement process. The bottom line is making sure that any repairs made to your boat will result in structural integrity and acceptable cosmetic restoration in the event of a covered loss. Edmunds Stevens’ insurance agents will be there to walk you through any questions you may have about getting the right marina or boat insurance coverage for your boat.
It is also important to understand the different types of marine insurance available to you. Marine insurance quotes for sailboat insurance, powerboat insurance, yacht insurance, watercraft insurance, charter boat insurance, charter fishing insurance, and motorboat insurance can all vary depending on the boat insurance dealer or boat insurance company you contact. Edmund Stevens specializes in each of these areas, and can help you get a accurate online boat insurance quote in minutes!
The biggest exposure to loss for any boat owner is the liability imposed by law against him for injury to other people and other property. Here, the sky is the limit! Damage to your own boat is secondary; the maximum amount you can collect is stated in the insurance policy. That amount can be either replacement cost or fair market value, depending on the marine insurance company.
[inline:damage.jpg]The Hull Coverage or Property Damage section of your boat insurance policy will reimburse you for damage to your boat, machinery, sails, spars and equipment needed for the normal operation and maintenance of your boat. Most policies provide coverage on an "all-risk" basis. Losses under an all-risk policy may be settled on an "agreed value" basis, with no deduction for depreciation, or on an "actual cash value" basis, where depreciation is taken into account.
Personal Property coverage provides coverage for clothing, personal effects, fishing gear, sports equipment that belongs to you, while these items are onboard your vessel.
Your Watercraft Liability insurance coverage is much broader than the personal liability insurance included in the standard Homeowners policy. Your Homeowners policy will not usually include either the Jones Act or the Longshoreman's and Harborworker's' Compensation Act. In addition, it will not cover the cost of salvage, otherwise known as the raising, removal or destruction of the wreck of your boat.
Medical Payments pays for necessary and reasonable medical, ambulance and hospital expenses for persona injured in, upon, boarding or leaving the insured boat.
Uninsured Boaters coverage provides coverage for bodily injury received aboard your vessel, you may be legally entitled to recover from the uninsured owners or operator of another boat.
Pollution coverage is also available, along with Commercial Towing and Assistance.
When your boat is laid up for the season, do not consider dropping your insurance protection. Boatyard fires, building collapses do occur and thieves do break in. Cradles can collapse and people can be hurt while working on your boat.
Make sure that your final decision on insurance protection is based on an "apples" to "apples" comparison of boat insurance coverage. Also look at the value-added items the agent or boat insurance dealer offers. You may need extended navigation limits that a non-marine agent cannot offer.
Understanding your insurance needs as well as the policy details can provide you with peace of mind and let you concentrate on the real reason you purchased your boat - relaxation and enjoyment.
Edmund D. Stevens Insurance – We are a leading commercial boat/marine insurance company/dealer serving Vermont (VA), Ohio (OH), Pennsylvania (PA), and the Buffalo & Western New York (WNY). We deliver quick and accurate online marine/boat insurance quotes for sailboat insurance, powerboat insurance, yacht insurance, watercraft insurance, charter boat insurance, charter fishing insurance, motorboat insurance and more. We can help you find the right boat insurance coverage for your personal or commercial boat! Request a quote now!