Tired of winter weather bringing freezing temperatures and icy driving conditions? Spring my not be right around the corner but we can act like it is. This January 26th, 27th, and 28th we will be at the Three Rivers Boat Show. The boat show will be at the David L Lawrence Convention Center. This show will be part of the bigger Pittsburgh Outdoor Expo. Boat Insurance can be a little bit tricky. Most companies will insure a boat, however, some companies may be a better fit than others based on where you plan to use the boat and what coverage’s you need for your boat. Do you take your boat into ocean waters? Does your boat go to Canada? These are factors that could determine where you want to place your boat insurance. Another major factor that could influence your decision on where to insure your boat would be the valuation of the boat after a claim. There are two main ways that a boat is valued when it comes to insurance, actual cash value and agreed value. Actual Cash Value would take deprecation into account. Insuring your boat for actual cash value can save you a little bit of money, but in the event of a claim you would be subject to having your boat depreciated in value and then have the deductible as well. Agreed value is just like it sounds, you and the insurance company agree on a value of the boat, the boat is then insured for that value minus the deductible.
Do you have electronics such as depth finders, GPS equipment, Sonar equipment, or just things like an upgraded radio? These are typically items to are included on a boat policy, but at a low amount. Increases and upgrades to these items could leave you with a coverage gap. If you use the boat for fishing, fishing equipment you keep on the boat could be listed as well. Many companies now write boat insurance similar to car insurance with coverage for uninsured boaters, towing, and emergency services. Boat insurance can be what you want out of it.
Have a boat or know someone who does? We would be happy to help with a boat insurance quote and/or asses boat insurance needs. We encourage you to come to the Pittsburgh Boat Show and discuss your boat or any other insurance concerns you have.
