If you own a boat, you may be looking for a reliable boat insurance provider. If so, look no further than K&N Brokerage. We take into account your individual needs and concerns when recommending the most suitable type of coverage for you.
What Does Boat Insurance Mean?
Boat insurance is also known as marine insurance and protects you financially in the event of an accident or damages. Although boat insurance is not mandatory in many states, the marina you dock at and/or your lender may require that you take out a policy. Even if that’s not the case, it’s always a good idea to get insured so that you can protect yourself, your investment, and others around you. Very few states require boaters to take out insurance and when in place, this requirement often only extends to boats that operate on 50 horsepower and higher.
Why is Boat Insurance Important?
Some boaters may be wondering if their boat is covered by homeowners’ insurance policies. This may be possible, but the coverage is very often inadequate and limited, especially if you own a larger, motorized boat. Similar to auto insurance, you can choose from a range of coverages to protect your boat. Depending on the specifics of this policy, you will be covered for injuries sustained on the boat, damages sustained by the boat, hurricane haul out, mechanical breakdowns, and many more. Boat insurance is important if you do not wish to be left out of pocket during an emergency.
When Do You Need Boat Insurance?
During the process of purchasing a boat, you can start shopping around for boat insurance coverage. This is particularly true if you are financing your boat through a lender. In most cases, lenders will require boaters to take out comprehensive coverage throughout the duration of their loans. In certain states, boat insurance can also be mandatory, so always make sure you are aware of your obligations. Even if it is not compulsory, purchasing boat insurance proves to be a wise decision for many boaters, especially if you consider your boat an investment or if you use it regularly.
How Long Does It Take to Get Boat Insurance?
When getting boat insurance, the first step is to obtain a quote. It helps if you are sure of the coverage you want to get, however, if you are not, take some time to find out more about your options before making a decision that will work best for you. The quote you receive will depend on
factors such as the size of your boat, how often you use it, and more. When you have decided on a policy to take out, having all the required documents ready will speed up the process.
Why Choose K&N Brokerage?
At K&N Brokerage, our insurance specialists are familiar with the laws surrounding boat insurance policies and can advise you on the most suitable coverage to fit your needs. If you have any questions about K&N Brokerage’s boat insurance specialists, feel free to call us at 718-739-9090 or send an email to [email protected]