In considering taking out comprehensive marine insurance you are embarking on an important financial decision, because it is a fact that a boat is probably one of the largest expenditures you will ever make in your life.
If it is damaged in dry dock or out at sea than the cost to repair it will be considerable, and if you have a problem at sea then you also need to make sure that you have some kind of emergency cover in place for storm damage, hi-jacking and recover costs.
When looking for marine insurance quotes online you should endeavour to have certain information readily to hand so that your insurance can be readily arranged. With this the four things that virtually all online marine insurers ask for are:
– Hull Size
– Intended usage for the craft
– Engine Type, and
– Production Year
If you try to get boat or yacht insurance from a boat insurance broker offline then you will find that considerably more information than this is requested, so it is a good idea to get a few online quotes, even if you do end up seeking out more specialist advice from an insurance broker you trust.
You may well find that the quotes that you get online are in fact cheaper, because the amount of information is less, and hence the quotes tend to be more general. Clearly, before you sign any policy documents therefore you should make sure to double check that the policy is as comprehensive as you like, and that it offers both adequate protection, and the nuances of cover that you were seeking.
