Is boat insurance mandatory?
The risk of damage to a boat is surprising large: collision, engine failure, theft, vandalism, fire, vermin and rodents. While you are not obligated to have boat insurance, sailing with a good insurance policy will give you the peace of mind of knowing that your property and loved ones are protected. APRIL Marine offers complete […]
Why buy boat insurance? Can’t I just add my boat to my home insurance?
As a boat insurance specialist, APRIL Marine’s insurance policies offer pleasure boaters coverage that goes well beyond that of home insurance: emergency towing, 24/7 assistance on water and on the dock, coverage for water sports and fishing equipment, pollution and wreck removal, concierge service, rental costs for a replacement boat, and much more!
Is cheaper always better?
Generally, no. As with most things in life, you usually get what you pay for. This also applies to watercraft insurance. Everyone loves saving money, but shaving a few bucks off your insurance premiums can mean deep reductions in your coverage. The most important thing is to have the coverage you need.
How much should I insure my boat for?
If you are financing your boat, you should insure it for at least the amount still owing on it. If in doubt, your marine insurance broker can give you a value range for your watercraft. You can also consult a boat dealer. The best policies will cover your watercraft for what’s called an “agreed value.” […]
Should I go with liability or all-risk coverage?
Liability coverage covers you against claims for property damage and bodily injury. All-risk coverage covers liability as well all possible risks of damage to your boat, apart from certain exclusions. There are many reasons to opt for all-risk coverage: no depreciation on the amount you receive in the event of the boat’s total loss, coverage […]
Who is covered under my boat insurance?
Our policy covers you, the policyholder, as well as your spouse and dependents, along with members of your immediate family and any other person operating your boat with your permission and legally able to drive. You are ultimately responsible for the actions of anyone driving your boat. Our policies apply to non-commercial watercraft only. You […]