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Author: Mansi Gupta
There is no right answer when someone asks
which the best boat insurance company
is. There are so many choices available that
it is hard to determine the very best. It really
all depends on what the specific needs of the
person wanting to insure the boat are.
Facing the facts, there are pros and cons about
every insurance company that you will deal with.
After all, insurance companies are in business
to make money, not to pay it out. This means
that they will do anything in their power to
not have to pay for claims, as this is the way
they make money. If they do happen to pay for
a claim then they will raise the rates on your
insurance to help cover the loss or they will
simply cancel the policy, whichever best suits
their needs. For an insurance company to cancel
a policy they have most likely determined that
the policy is too much of a risk to continue
to prevent any further claims. Having a policy
cancelled can make it difficult to get insurance
elsewhere.
BoatU.S. has been insuring boats, and only
boats, since they opened in the late 1960's.
They are said to offer some of the lowest rates
and best coverage depending on the craft covered.
Their web site offers free instant quotes.
National Marine Underwriters is another strictly
boat insurance company. They offer insurance
in the 48 contiguous states with some limited
territory extensions from time to time. In business
since 1983, they offer lower rates and comprehensive
coverage for all risk factors.
Progressive Boat, a division of Progressive
Grouip is one of the cheaper boat insurance
companies but they are said to not offer nearly
as many services and less comprehensive coverage.
They do offer free online instant quotes and
their staff is said to be one of the most knowledgeable
and friendly groups in the business.
American Boating Association is also an option
in the boat insurance world. They offer competitive
rates that are comparable to Progressive Boat
but they are a little shy in the services area.
Free instant online quotes are available. Quotes
are also available by telephone but it you should
expect a long wait on the line. Their staff
is professional and friendly.
To determine the best boat insurance
for you then go to a site that offers multiple
quotes from several different insurance companies.
This will provide you with the best basic information
about several companies at the same time which
will save you time versus calling all the individual
insurance companies.
Many sites offer guaranteed rates if you accept
one of the quotes they provide but this is not
a widely accepted practice. Keep in mind that
insurance companies are not necessarily bound
to a quote they provide. Insurance companies
will want to verify all information provided
to them before making a policy available for
purchase. This is required to protect against
insurance fraud, which is quite commonplace
in this world sadly enough.
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