Many boaters may be unaware of the navigational limits on their boat insurance policy.
"Many policies contain what is called, “a navigational warranty, It’s usually covers the inland waters of the U.S. and Canada or the coastal waters of the U.S. and Canada for smaller boats up to 26 feet, or for larger craft, the territories that are defined by geographical points.
For instance, one of them goes from Eastport, Maine, to Cape Hatteras, N.C.; another goes from Eastport, Maine, all the way around Florida to the panhandle."
Make sure your policy provides coverage where you want to roam. It may exclude certain areas for political or security reasons (think Somali pirates). And if you decide you want to explore and do a one-time trip, ask your insurance agent if they can provide you the ability for the one-time trip.
Some policies contain optional endorsements that can help pay to move your boat out of harm's way when a named storm approaches.
How can you save money on boat insurance?
Get specific. Don't buy a yacht policy if you own a dinghy. There are many varieties of boat insurance, including powerboat, charter boat, sailboat, houseboat, bass boat, wooden boat, fishing boat, pontoon boat, personal watercraft and so on, each with its own price structure and set of features.
Go all-in on safety features. Many carriers offer policy discounts for gadgets that protect their investment, such as wireless auto tethers that act as an engine kill switch should the skipper or any of the passengers fall overboard.
Take a boating class. A trained boater is a safer boater.
Give us a call, we are happy to help.