Insuring Your Boat
Owning a boat requires you to have made considerable investments. Yes, you’ll probably have spent thousands of dollars buying the boat. Even after that, there are loads of registration that you need to conduct that requires money. You haven’t even considered the cost of maintaining the boat. Now, when you consider all this, you can easily conclude that owning a boat requires you to make a significant financial commitment. Now, the question is, do you want to leave such investment unprotected?
We believe that this isn’t the case. Unfortunately, as much as it is unwanted, there is a wide range of threat that your boat face. We say threat in that you can easily identify them, but it is almost impossible to anticipate them. For instance, you know an accident is bad news for your boat. However, you can’t tell when an accident will occur. In turn, it becomes necessary for you to take active steps to ensure that you keep your investment protected in the event of any of these threats.
This is where insurance comes in. It is an arrangement that allows you to protect yourself and your boat in the case of unwanted negative events. In turn, you can get compensated for the damage to the boat and not have to lose your financial investment. For instance, you may get repaid for the cost of repairs, meaning you don’t have to pay for this yourself.
At Elliot7 Marine Brokers, we recognise the relevance of an insurance cover in the overall security of your boat. In turn, we partner with a wide range of insurance companies to ensure that you are not left behind as you seek to protect your boat.
What Boats Can You Cover
You can cover a wide range of boats under an insurance cover. The available options for you include:
- Runabouts
- Cruisers
- Powerboats
- Commercial Boats
- Multihull
- Sailboats
- Dinghies
- Ski Boats
- Canoes and Kayaks
So, regardless of your type of boat, you’ve got nothing to worry about. Our insurance partners are available to ensure that you remain protected.
What Gets Insured
When you go for an insurance cover with our partners, you get the following covered.
- The Hull
- The Boat Tender
- The Trailer
- Your Equipment and Accessories
- Motors (this includes the trolling and auxiliary motor)
- Masts, Rigging, Spars, and Sails
The Scope of the Insurance Cover
When you opt for an insurance cover, you receive protection from a wide range of occurrences. These occurrences cut across the following:
- Accidental damage
- Damage from fire, flood, or storm
- Damage from collision and crash
- Damage from an explosion, tsunami, and earthquake
- Attempted theft or theft
- Emergency expenses
- Vandalism
- Storage or salvage cost
- Cost of clean up
- Cost of funeral
- Rescue services
- Towing services (land)
- Hull inspection
- Liability cover
However, beyond this, you can also add other options that you want to cover. They include:
- Personal content
- Sailboat racing
- Liability cover for floatation devices and water-skiing
- Cover for lay up
So, you can click here to get started and discuss with our partner your needs.