Don’t Allow Your Summer Fun to Turn into Disaster – Purchase Boat Insurance

Do you have a boat you enjoy during the summer months? Do you reside in Mt. Ephraim, NJ? If so, the Marino Agency Inc. is the firm to see for a quote on boat insurance.

It is the opinion of insurance professionals that everyone who owns a boat should consider purchasing boat insurance. It can cover the expenses of accidental damage from a collision with another boat, dock, or other watercraft.

The type of boat, its length, and expected use will dictate the boat insurance rates. Whether you own a speed boat, yacht, or small fishing boat, it will significantly affect your premium cost. But on average, boat insurance typically ranges on average from $200 to $500 per year.

How much should a boat be insured for? Whatever it would cost you to replace it with the same quality and kind. This is referred to as “stated value” or “agreed value” coverage. In the event of a total loss, it will pay the full insured amount.

Full coverage boat insurance will provide:

  • Liability coverage is basic coverage that protects anyone your boat could injure.
  • Medical payments will pay for medical expenses that you or any of your passengers onboard could suffer due to an accident.
  • Salvage coverage is also known as wreckage removal. If your boat is totaled in an accident, this coverage will take it away, especially if it is a hazard to navigation.

Accidents can happen on the water as easily as on the road. Don’t allow your summer fun to be halted because of a water mishap. Let the Marino Agency Inc. agents answer any questions you may have about boat insurance and continue your summer fun. Contact them today. You will be glad you did.