| Buying a sailboat, yacht, jet ski, or other watercraft | | | | include reductions for having a new boat, an |
| can be an exciting experience. Once you have set up | | | | automatic fire extinguisher, and/or a burglar alarm as |
| your new boat, you should consider purchasing | | | | well as having completed an approved boating |
| watercraft insurance to protect against damages. | | | | education course. Your ship-to-shore ratio may entitle |
| There are many good reasons to invest in this type | | | | you to further discounts on your watercraft |
| of insurance. | | | | insurance policy. |
| There are many states that currently require boat | | | | Like shopping for auto insurance, it is important to |
| owners to purchase insurance. One of the factors for | | | | compare the rates offered by different companies |
| this is the increasing number of property damage | | | | before you make a final decision. A good place to |
| cases involving boats and watercrafts. Even if | | | | start is with your current insurance company, which |
| watercraft insurance is not a requirement in your | | | | will usually offer discounts for having multiple policies |
| state, it is usually a good idea to purchase some type | | | | with the same agency. Watercraft insurance is also |
| of policy. | | | | offered by many automobile insurance companies, or |
| When discussing a watercraft policy with your | | | | these companies may be able to refer you to an |
| insurance agent, you want to look for a policy that | | | | insurance agent who specializes in boat policies or to |
| includes comprehensive coverage. In other words, | | | | another reputable marine insurance company. If you |
| the watercraft insurance policy should cover liability, | | | | are shopping for a company on your own, be sure to |
| theft, physical damage, medical payments, motor, | | | | check the Better Business Bureau so that you don't |
| trailer, docking fenders, boat covers, as well as any | | | | get ripped off. |
| communication devices that you may have. | | | | Owning a watercraft is a big responsibility. As such, |
| Although it is true that this insurance can be costly to | | | | consider purchasing watercraft insurance in order to |
| obtain, many boat owners are entitled to certain | | | | protect your new asset. |
| discounts on their policy. These discounts might | | | | |