Sail boat insurance policies can be custom fit to suit the 19' Trailerable sailboat to the 46' Custom Motor sailor and able to offer a multitude of comprehensive packages and competitive prices. A standard sailing vessel insurance package often includes such essentials as Physical damage (hull and machinery), Liability, Medical expenses, Personal effects, and Oil leaks.
To be able to track down the most competitive package it can often help to use the services of one of the reputable marine brokers or agents. This takes the hassle out of the search for the most appropriate insurance coverage. The agents are able to compare multiple sailboat insurance policies from the largest insurance providers with ease. This will in most cases return the best deals on offer.
Once those quotations are put before you its crucial to known the coverage on offer is adequate to protect the sailing vessel in all situations. Before accepting a quote take a moment to review the terms, conditions, and exclusions.
Some of the important questions to ask when reviewing the policies are - does the insurance stipulate a off-season or lay up dates, is the mast, spars, sails and rigging covered, and if covered is it full cover or is it just two-thirds of the value covered. Is the cruising area sufficient for the planned sailing trips and who is allowed to be in control of the vessel, is it just the insured or is anyone with boating handling experience able to take the helm.
It's also a good idea to appreciate the extent of the coverage on offer. Is the insurance a agreed value policy (sum insured is agreed on at the time of arranging the insurance) or actual cash value (insured value is calculated on the age and condition at the time of a loss). All of the points just mention can have a dramatic impact on how a future claim is settled and the resulting compensation in the event of a loss.
Quotes often feature a choice of deductible amounts; with the higher the deductible figure the more affordable the annual premium will be. Opt for a deductible amount that's able to combine a great premium with a deductible amount that the policy holder can afford to pay in the event of suffering a loss.
Its also wise to plan ahead. Does the policy offer flexibility in the coverage offered, such as is the intention there to compete in local club races or meetings or to hire the vessel out on a skippered or bareboat charter, and can the cruising area be extended for a one off trip to an island at a later date. Those are just a few of the possible add-ons that might be required at a later date.
Whether its a entry level day sailor or a offshore racing sloop in need of coverage there are a variety of sail boat insurance plans to assist in offering tailor-made cover to suit the specific needs at hand.
If you're interested in getting a list of the best Boat Insurance Companies, including a variety of boating tips and ideas, take a look at http://www.RecreationalWatercraft.com
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