09 Feb 5 Key Factors That May Affect Your Boat Insurance Premiums
Boat insurance is just as important as having auto insurance, although it isn’t required in most states. As a boat owner, it’s up to you to protect yourself and others by being as safe as possible. That includes purchasing a quality boat insurance policy that will provide you with the coverage you need while having fun on the lake.
Here are five key factors that can affect your boat insurance rates.
- The Right Safety Equipment
Part of being a safe boater is having all the right safety equipment on hand. This includes a first aid kit and various tools you may need in an emergency. Most states require that you carry a life jacket for every person on the boat. It’s also a good idea to have a few extra flotation devices. When buying flotation devices, make sure they are approved for boating.
- Safe Boating Education Course
No matter how old you are, it’s always a good idea to sign up for a safe boating course. Knowing how to handle your boat properly is essential for the safety of those riding with you and others on the waterway. It will also keep you up-to-date on any new boating laws or regulations that may be passed. Safe boating courses aren’t just for teens and young boat operators. Everyone should take the course, no matter what their ages!
- Clean Driving Record
Most insurance providers believe that if you have a clean driving record, you will also be responsible while operating your boat. Having a safe driver discount on your car insurance will greatly benefit you when applying for boat insurance. The longer you can avoid getting a traffic ticket or being involved in an accident, the more money you will save.
- Multi-Policy Discounts
Bundling several policies together will qualify you for a multi-policy discount. Usually, policies that are available for bundling include homeowners policies, auto policies, boat insurance, motorcycle insurance, and recreational vehicle policies. Bundling your policies together means fewer administrative tasks, allowing both you and your insurance company to keep things organized.
- Coverage Options
The coverage option you choose for your boat will determine the amount of your deductible, as well as how much your premiums will be. It will also determine how much protection you will get if an accident occurs.
At Dougherty Insurance, we are committed to protecting you and your family from financial hardship. No matter what type of insurance you need, we can help you find the right one. Contact us today to get started on your personalized boat insurance in Illinois, Wisconsin & Indiana.