With boating season upon us, here are some things #MitchellNoelInsuranceyou
recommends that you should be looking for when purchasing a #boatinsurancepolicy
. Your boat is possibly the second largest investment you'll ever make. Take the time to explore and understand your insurance options and remember, price should not be the issue.
If you plan to leave your 'home' cruising grounds, be sure you're covered. This is especially true if you plan foreign travel to the Caribbean, Canada or Mexico. You might need an endorsement.
Look for an arbitration clause under the Claim Settlement section. It's your guarantee that when you get into a difference of opinion, you'll have a third party to help make a fair call.
See what the deductible is and if it varies depending on the claim issue, like hurricane coverage. Understand what salvage is and how if affects your claim.
You should never be without adequate liability insurance. Accidents do happen and you could be in a situation where someone is seriously hurt or you caused major damage to another boat or facility. A minimum coverage of $500,000 is recommended, and based on your individual situation, it could be considerably higher.
We live in a litigious society and your agent should be able to suggest a realistic and meaningful coverage to keep you protected. At #MitchellNoelInsuranceMitchell
, we're committed to finding the best policy that works for YOU.