Instant Boat Insurance
Instant boat insurance, like its sister, auto coverage, can be secured online or over the phone in a matter of minutes. With a cell phone in hand, watercraft coverage for that beauty can be ordered while the salesperson is getting the paperwork together. In fact, one can have the approval while sitting in the marina showroom, feet up on the console and a new captain's hat firmly in place. Approval for instant insurance is fast and easy, and if the new owner has all the information in hand, can be done in as little as five minutes. Apart from the coverage needed to protect ones' investment, whether the watercraft is new or used, the liability of this possession can become like a loaded gun because in the wrong or inexperienced hands, the craft has been known to injure, maim or even kill. Having even a modicum of indemnity against its misuse or mishandling can provide an owner with some peace of mind.
When one calls for instant boat insurance or applies online, the standard fare will always begin the process. Name, age, address, those who will operate the craft, make, model and size of engine, if it has one, will all be revealed in the interview. Questions about where the watercraft may be used and stored may also enter the discussion. Social security number, perhaps driver's license and a credit check will round out the list of application questions, and when all information has been verified, a credit card will close the transaction. Just as one's credit score will dictate to some degree how much an auto owner will pay for his coverage, a watercraft owner is in the same 17 foot tri-hull runabout. The insurance carriers look upon a checkered credit history as a sign of financial non integrity and fair or not, transfer that judgment to a person's responsibility to handle an auto or watercraft.
And if a person is of the belief that handling a boat is easier than a car, he has never been to Lake Cocopuffs on a July 4th holiday. While there may be many lakes and rivers that are relatively traffic free, there are at least as many where one takes his life in hand every weekend once the push off from the dock has been made. At least on land there are divided highways and stop lights, and there are supposed to be rules of the water but rarely does anyone read them or remember them. And chaos reigns supreme with skiers bobbing up and down in the water, often unseen and teenagers at the helm roar by with eyes on the opposite sex, but not on the water. And suddenly the liability issues of owning a watercraft and the need for instant boat insurance are brighter than an orange life preserver. But brighter than that life preserver is what's looming large at the end of each of our lives. "And as it as appointed unto man once to die, but after this the judgment." (Hebrews 9:27)
One always wants his boat repaired if a buoy is hit and a giant gash is put in the side of the craft, but instant boat insurance is really all about keeping one's house, bank accounts, retirement accounts and sanity intact if a skier is injured while being pulled behind your craft or struck in the water. If that runabout and trailer come off their hitch and plow into a corn field and destroyed, that's a shame and the focus is on the cost of replacing the craft. But if it plows into a school bus full of children, it's unthinkable and the liability is suddenly gargantuan. Just buying instant boat insurance as a quick and easy satisfier of the lender can be a huge mistake without taking into consideration all of the libelous situations owning a craft can present.
Here are some terms an owner will probably hear as he gets ready to buy instant boat insurance. But hearing is not enough; understanding is also called for. Liability coverage means protection from all the things your boat might do to harm others. Physical damage coverage means the part of the policy that describes how much the policy will pay for damages to the watercraft and trailer. The choice may be to choose an all risk kind of coverage, which includes all causes of damage and listed exclusions, such as not being compensated if the craft is hit by a UFO. The all risk is the more expensive type of coverage, but just as sure as causes are excluded, one from the list will happen. In the physical damage coverage section of an instant boat insurance policy, there will be a choice of actual value coverage or agreed value coverage. Actual value coverage, the less expensive of the two, will pay for what the boat is at the time of the accident, while the agreed value is placed in the policy and will be paid, not matter the actual value of the craft.
Agreeing to take a water safety course, and perhaps also one in boat handling can help reduce the premiums of many instant boat insurance quotes. There can be a very wide range of quotes from various indemnity carriers, so if one wants the best deal, don't seek them in the showroom with feet up on the console and hat on head. This may take some time to secure not only the best deal but also the best policy. Remember that many boaters operate without any liability insurance so take that into consideration before signing the final bottom line. Some say a boat is a black hole in which to throw one's money constantly. Don't let that be said about the insurance of that boat.
When one calls for instant boat insurance or applies online, the standard fare will always begin the process. Name, age, address, those who will operate the craft, make, model and size of engine, if it has one, will all be revealed in the interview. Questions about where the watercraft may be used and stored may also enter the discussion. Social security number, perhaps driver's license and a credit check will round out the list of application questions, and when all information has been verified, a credit card will close the transaction. Just as one's credit score will dictate to some degree how much an auto owner will pay for his coverage, a watercraft owner is in the same 17 foot tri-hull runabout. The insurance carriers look upon a checkered credit history as a sign of financial non integrity and fair or not, transfer that judgment to a person's responsibility to handle an auto or watercraft.
And if a person is of the belief that handling a boat is easier than a car, he has never been to Lake Cocopuffs on a July 4th holiday. While there may be many lakes and rivers that are relatively traffic free, there are at least as many where one takes his life in hand every weekend once the push off from the dock has been made. At least on land there are divided highways and stop lights, and there are supposed to be rules of the water but rarely does anyone read them or remember them. And chaos reigns supreme with skiers bobbing up and down in the water, often unseen and teenagers at the helm roar by with eyes on the opposite sex, but not on the water. And suddenly the liability issues of owning a watercraft and the need for instant boat insurance are brighter than an orange life preserver. But brighter than that life preserver is what's looming large at the end of each of our lives. "And as it as appointed unto man once to die, but after this the judgment." (Hebrews 9:27)
One always wants his boat repaired if a buoy is hit and a giant gash is put in the side of the craft, but instant boat insurance is really all about keeping one's house, bank accounts, retirement accounts and sanity intact if a skier is injured while being pulled behind your craft or struck in the water. If that runabout and trailer come off their hitch and plow into a corn field and destroyed, that's a shame and the focus is on the cost of replacing the craft. But if it plows into a school bus full of children, it's unthinkable and the liability is suddenly gargantuan. Just buying instant boat insurance as a quick and easy satisfier of the lender can be a huge mistake without taking into consideration all of the libelous situations owning a craft can present.
Here are some terms an owner will probably hear as he gets ready to buy instant boat insurance. But hearing is not enough; understanding is also called for. Liability coverage means protection from all the things your boat might do to harm others. Physical damage coverage means the part of the policy that describes how much the policy will pay for damages to the watercraft and trailer. The choice may be to choose an all risk kind of coverage, which includes all causes of damage and listed exclusions, such as not being compensated if the craft is hit by a UFO. The all risk is the more expensive type of coverage, but just as sure as causes are excluded, one from the list will happen. In the physical damage coverage section of an instant boat insurance policy, there will be a choice of actual value coverage or agreed value coverage. Actual value coverage, the less expensive of the two, will pay for what the boat is at the time of the accident, while the agreed value is placed in the policy and will be paid, not matter the actual value of the craft.
Agreeing to take a water safety course, and perhaps also one in boat handling can help reduce the premiums of many instant boat insurance quotes. There can be a very wide range of quotes from various indemnity carriers, so if one wants the best deal, don't seek them in the showroom with feet up on the console and hat on head. This may take some time to secure not only the best deal but also the best policy. Remember that many boaters operate without any liability insurance so take that into consideration before signing the final bottom line. Some say a boat is a black hole in which to throw one's money constantly. Don't let that be said about the insurance of that boat.
Instant Boat Insurance
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Reviewed by Anonymous
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