Buying a boat is a big decision—and we think it’s a great one. So, when you buy your dream boat from top-rated custom boat builders and register it, then what next? It is better to get insurance right?
Most homeowners insurance riders apply only to use inland waterways, lakes and rivers. Coverage seldom extends outside a coastal inlet or along the beach. If you plan to boat “outside the inlet” you definitely need an experienced marine insurer. You can buy your boat from best custom boat builders via https://hikemetal.com/.
Many other factors will lead you to a qualified marine insurer, too, and here are the things to consider:
- Age of Boat
- Length
- Value
- Speed/Horsepower
- Condition (Does it meet US Coast Guard Standards in effect at the time it was built?)
- Primary residence (If the boat is used as a primary residence)
- Type (Inboard, Outboard, utility, cruiser, bass boat, saltwater fishing boat, performance boat)
- Homemade (Boats without a serial number are tricky but many kits are okay)
- Houseboats with no motor
- Ownership (more than 2 owners)
- Where it will operate (Ocean, lakes, bays, rivers, Great Lakes)
These are some of the factors that will lead you to get your boat insurance done with ease. Start with a little fact-finding. Ask your boating friends which company they use and how their claims have been handled.
The way an insurer has handled claims in the past is a good indicator of the quality of service you can expect in the future. State insurance regulatory agencies are also a good reference and can be found online.
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