Tagged: insurance
Reduce Risk
It’s the start of a new boating season and there is a lot of activity going on. Boats are being upgraded with new electronics, sanded, painted, and waxed. One element of the prep process that you, the owner, should handle is the paperwork review. Is your registration up to date? Is you mooring or slip fee paid? Is your policy still the right fit for your needs? Insurance policies can be written to reimburse you for the “market value” or “agreed” value of your boat. It’s possible that the payoff associated with each could be substantially different, so you’ll want [...]
Smart Boating 193 – Marine Insurance
This show highlights some of the most important sections of a typical boat insurance policy.
Smart Boating 156 – Insurance
This show illuminates important insurance policy sections that boaters should review and evaluate to ensure that they're properly covered.
Avoiding the “Up Periscope” Command
It’s early in the season, and while many boats have been launched, a large number of them are not being used much due to chilly breezes and cold water temperatures. While most people would not consider this to be a dangerous situation, it really is, particularly to the welfare of the boats. Industry statistics indicate that four times as many boats sink at the dock than underway. There are a variety of reasons for this, but the primary ones are underwater fitting failures and rain/snow. Fitting failures are relatively clear; a fitting designed to keep water out fails, and provides [...]
Smart Boating 22 – Boat Insurance
This show sheds light on the various components of a marine insurance policy and those that boaters should pay closest attention to.
Smart Boating 21 – Salvage
This show focuses on the differences between salvage and towing situations, and the factors to consider when taking action to avoid potentially costly mistakes.