As fun as boating is, there are times when unfortunate accidents happen, and when they do, you’ll find out just how good your boat insurance coverage is. We won’t try and pick which insurance is best for you, but try and give you a couple things to look for.
One of the first things we do is see what others have to say. While you have to take what you read on the internet with a grain of salt, forums like The Hull Truth provide a wealth of information of other’s experience. One of the names that kept coming up, and in a positive light, is BoatUS. Many have stated that is is one of the best, but perhaps not always the cheapest option. This is the first judgement call to make; do you want the most affordable, or do you want the least hassle when something does happen?
One other name we saw pop up is State Farm; one we have personal experience with. Many times, we have thought about getting insurance quotes form other providers, but when we think back about our experience with State Farm, we realize that they have covered us EVERY time we have had an issue without pushing back. And, not only have they always covered us, they always gave us what we thought have been very reasonable reimbursement for our incidents. We wish we were getting paid to tell you that, but this is our uncompensated personal experience. We have heard many horror stories about other insurance companies paying out, but we have literally never had a single issue with them. We imagine you would likely have a similar experience with any of the MAJOR providers, like Nationwide or Allstate.
Once you have decided if you are looking for the cheapest or the best, the first thing to do is to reach out to a few companies for quotes. To make sure the playing field is level, make sure they quote you similar (if not the same) overages and deductibles. The next thing you need to do is examine the fine print! What is covered, and what is specifically excluded? Here are some more tips: