Boat safety is crucial to protect you and your passengers. Boat insurance also offers essential protections, which is why it’s so important to choose wisely. The following are a few things to keep in mind when in search of a suitable policy for your craft.

Do:

Choose the right type of policy.

In a situation where your boat is a total loss, the type of policy you select is crucial. An agreed value policy entails agreeing to a certain value with your insurer. In the event a covered peril renders you boat inoperational, this is the exact amount you will receive. Conversely, an actual cash value policy uses the current market value of your boat to determine the correct payout. That means that depreciation will be a factor.

Know how costs are determined.

When calculating your cost for boat insurance, agents look at many different factors. Your boat’s age, condition, and size are all used to come up with an appropriate figure. The type of boat you own also matters. For instance, a houseboat will likely cost more to insure as compared to a fishing boat.

Don’t:

Forgo a safety course.

Even if you’re a seasoned boater, safety courses have a lot of value. This is especially true when shopping for insurance. Insurance costs are calculated based on risk, and a person who’s taken a safety course is naturally assumed to be a much lower risk than a person who has not.

Opt for minimum coverage.

Many boaters benefit from additional coverage. An all-risk policy expands your coverage to include different types of perils, such as a mechanical breakdown. If you frequently participate in fishing tournaments, you can also opt for professional angler coverage. This protects items like fishing equipment and other essential items.

Wilson Insurance Agency prides itself on offering a wide selection of personal insurance policies. Along with comprehensive boat insurance policies, they also offer coverage for cars, motorcycles, ATVs, mobile homes, and condos. If you’re a business owner, they help protect your enterprise with umbrella policies, property insurance, and commercial auto. As an independent agency, you can rest assured that you’ll receive the best policy at a reasonable price thanks to their working relationship with numerous carriers. Learn more about getting insurance coverage in Dalton, GA, today by calling (706) 278-0549. You can also visit the website to get started on a quote.