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Boat Insurance

What happens when a boat is written off by an insurance company?


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Wiki User
2004-06-18 17:09:21
2004-06-18 17:09:21

When a boat is written off, it becomes salvaged, usually it is destroyed to prevent further liability.

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Start with obtaining a quotation for boat insurance, and let the agent/company know that you will be chartering the boat. If the chartering operations are incidental, the boat insurance may extend coverage. They will ask if the boat to be chartered includes a captain or not. Another recommendation is to call a boat charter company and ask for an evidence of insurance. Then you can contact the insurance company that provides it.

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The company offers the following types of Commercial Marine Insurance: Boat Rental Insurance, Boat Club Insurance, Charter Fleet Insurance and Passenger Boat insurance which includes tours, excursions and ferry.

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Grange insurance is an insurance company and is not specifically required to operate a boat. Boating insurance is however required in many areas. Check with your local laws on insurance requirements.

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Check out a Company Called UMU they have a Boat Insurance Basic page that answers some great questions about the the insurance policies.

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The best company to get boat insurance through is probably Progressive Insurance or Nationwide Insurance. Although you may want to check your current companies rates if you already have car insurance through them.


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