Tag: boat insurance policy

State Farm boat insurance claims frequently involve small objects

Nordstrom
Boat insurance - Boat on water

Striking things under the surface of the water are leading to a rising amount of damage. State Farm recently released boat insurance data showing that striking floating or submerged objects are the leading cause of claims for the last five years. The insurer also released recommendations to help watercraft owners to avoid costly damage. While boat insurance is vital to have in case damage happens, what’s even better than having adequate coverage is not having to make a claim in the first place. State Farm is hoping that watercraft owners…

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Boat insurance policyholders don’t always understand their coverage

Nordstrom
boat insurance

Many customers don’t realize that there is a great deal more to this protection than meets the eye. Boating season is now fully underway and boaters have purchased their boat insurance policies for the season. That said, many of the 87 million recreational boaters in the U.S. don’t seem to fully understand those policies. Recreational boaters buy insurance coverage year after year without knowing important points about it. Among the most important types of boat insurance coverage is the form that provides protection when it’s not in use. When your…

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Boat insurance may be necessary even after homeowners coverage

Julie Campbell
Boat Insurance

The boating season has already started but many enthusiasts don’t realize that they’re not adequately protected. Although the season for watercraft has had its unofficial start and people have been flocking to their local lakes to be able to get as much out of this year’s warm weather as they possibly can, but many don’t realize that they will likely require additional boat insurance to provide them with the coverage that they need. It isn’t uncommon for people to think that their homeowners insurance or cottage policy is enough. AAA…

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Boat insurance lawsuit filed regarding sunken ship

Julie Campbell
boat insurance ship

The owner of the vessel that sunk is now filing a number of suits in relation to the incident. The owner of the tall ship Larinda and of a commercial vessel that sunk, has now launched a wave of different legal actions with the Nova Scotia Supreme Court, in Canada, regarding its boat insurance coverage and other issues. The documents that were filed by the plaintiffs name issues of misrepresentation and of negligence. According to the filings, LeGrow’s Marine Ltd., Larinda Ltd., and the president and director of those two…

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Finding and choosing the right boat insurance quote

Nordstrom

U.S. Coast Guard data is currently showing that property damage that includes boats is significantly increasing, which is also boosting the need for not only boat insurance, but the correct policy. As a result of the rising instances of property damage with boats, many states are now making boat insurance mandatory. Even if you are not in one of the states that require you to be insured, if you have a loan for your boat, or if you use a marina, the odds are that you will need to purchase…

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