{"id":262,"date":"2019-12-06T09:00:00","date_gmt":"2019-12-06T09:00:00","guid":{"rendered":"https:\/\/www.mccormickinsuranceinc.com\/blog\/?p=262"},"modified":"2019-12-06T20:47:42","modified_gmt":"2019-12-06T20:47:42","slug":"a-short-guide-to-boat-insurance","status":"publish","type":"post","link":"https:\/\/www.mccormickinsuranceinc.com\/blog\/a-short-guide-to-boat-insurance\/","title":{"rendered":"A short guide to boat insurance"},"content":{"rendered":"

As a boat owner in the Pembroke Pines, FL area, it is critical to have the correct insurance in place to make sure your asset is protected in the event it is damaged, or you are sued. The specialists at McCormick Insurance Inc. are to help guide you to understand the various boating insurance options and put together a plan that is right for you. <\/p>\n

The types of boats that need insurance<\/h2>\n

Many people assume that a homeowner’s policy will provide coverage for boats; however, that coverage is minimal. It is meant to cover boats such as a canoe or a very small boat with an engine. If you have a larger or expensive boat, such as a yacht, sailboat, or any vessel that goes over 25 MPH, you will need a separate insurance policy. <\/p>\n

The types of coverages available under a boat policy<\/h2>\n

For the most part, boat insurance is a liability policy that will protect you against claims for damages or injuries caused by your boat. A boat insurance policy may also cover the following, check with your agent to confirm which coverages you have under your policy. <\/p>\n

Guest passenger liability which covers others who drive your boat with your permission <\/p>\n

Medical expense coverage that pays the medical expenses of you and your passengers <\/p>\n

Damage to equipment attached to the boat such as an anchor<\/p>\n

Coverage for theft and vandalism <\/p>\n

The types of value under a boat policy<\/h2>\n

There are two types of methods to determine how you will be paid in the event your boat is damaged or destroyed. <\/p>\n

The actual value is when the insurer will pay you the market value of your boat at the time it was destroyed. <\/p>\n

Agreed to value means you and your insurer come up with an agreed-to amount before you purchase the policy.<\/p>\n

If you are interested in learning more about boating insurance, reach out to an agent at McCormick Insurance Inc. today. We proudly serve the area Pembroke Pines, FL area.<\/p>\n","protected":false},"excerpt":{"rendered":"

As a boat owner in the Pembroke Pines, FL area, it is critical to have the correct insurance in place to make sure your asset is protected in the event it is damaged, or you are sued. The specialists at McCormick Insurance Inc. are to help guide you to understand the various boating insurance options […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[30,31],"class_list":["post-262","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-mccormick-insurance-inc","tag-pembroke-pines-fl"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t