Insurance Corner | Top 10 Boat Insurance Claims
Article courtesy of NBOA Marine Insurance
Boating is certainly one of the most relaxing and carefree activities you can do on the water, however it doesnít come without risk. If youíve ever run aground or hit a submerged object, then you know the inherent danger in operating a boat, even for the avid captain.
Unfortunately, boat collisions are an all-too-common occurrence, regardless of how well you prepare.†In fact, boat collisions are more prevalent than boat theft.
How to Protect Your Vessel
Besides preparing for your outing, using Marine charts and having safety equipment such as EPIRBs and sonar devices installed onboard, you can better protect yourself, your passengers and your boat by having comprehensive boat insurance.
Most Common Boat Insurance Claims
Most boaters enjoy the season without a problem. However, some have accidents, whether they are at-fault or not. Submerged objects are the most common boat insurance claim. Mainly due to the high frequency of submerged logs or debris in water, and the fact that normally they canít be seen until theyíve already hit the engine. Below is a list of the most common boat insurance claims:
- Hitting a submerged object while cruising
- Theft while anchored
- Collision with other boats while boating
- Storm damage while moored
- Theft while in storage
- Accidental damage while cruising
- Flooding while moored
- Sinking while moored
- Owner negligence while cruising
- Accidental damage while moored
Thefts while anchored are more likely to occur during the warmer summer boating months, so it is important to remember a few practical tips to prevent the theft of your boating equipment and supplies while the boat is anchored:
- Remove any expensive electronics from sight.
- Donít leave anything of value on the deck.
- Properly secure the motors, tenders and life rafts to the boat.
- Secure all boating equipment, such as oars and anchors to the boat.
Understanding your boatís limits before you push off, knowing the weather and tides, and properly installing safety and navigational equipment are key in preventing accidents.
If you do have an accident, then being protected by the right boat insurance is paramount. At NBOA Marine Insurance, we know accidents happen. Whether it is a broken propeller or a more serious accident, NBOA is there to help you get back on the water safely. For more information about boat insurance, or to receive a free boat insurance quote, visit www.nboat.com or call 1-800-248-3512 to speak directly to a knowledgeable marine insurance specialist.
NBOA Marine Insurance is a purveyor of value: quality, impeccable customer service and competitive insurance rates. We say it time and time again, at NBOA Marine Insurance, our marine insurance agents are also boating enthusiasts. We have extensive knowledge of the water, and have made it a priority to educate the marine savvy on the many things we have gathered throughout the years.