{"id":342,"date":"2021-07-20T04:00:00","date_gmt":"2021-07-20T04:00:00","guid":{"rendered":"https:\/\/www.mccormickinsuranceinc.com\/blog\/?p=342"},"modified":"2021-07-13T18:16:58","modified_gmt":"2021-07-13T18:16:58","slug":"4-must-have-coverages-in-your-boat-insurance","status":"publish","type":"post","link":"https:\/\/www.mccormickinsuranceinc.com\/blog\/4-must-have-coverages-in-your-boat-insurance\/","title":{"rendered":"4 Must-have Coverages in Your Boat Insurance"},"content":{"rendered":"<p><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\"><span style=\"color:#0e101a\">The boating season is here. As the temperatures creep up, it&rsquo;s time to get your boat from storage and hit the waters. But whether it&rsquo;s sailing, picnic, or fishing, you need watercraft insurance from McCormick Insurance Inc. to have a relaxed time in the water. That said, if you own a boat in Pembroke Pines, FL, here are four boat insurance coverages you must consider.&nbsp;<\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\"><span style=\"color:#0e101a\">But before then, you need to distinguish between the actual value and the agreed value when shopping for boat insurance. Here is the difference:<\/span><\/span><\/span><\/span><\/span><\/p>\n<ul>\n<li><span style=\"font-size:11pt\"><span style=\"color:#0e101a\"><span style=\"font-family:Calibri,sans-serif\"><strong><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">Actual value:<\/span><\/span><\/strong><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">&nbsp;This value takes into account the depreciation factor when compensating you for your loss.&nbsp;<\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span style=\"font-size:11pt\"><span style=\"color:#0e101a\"><span style=\"font-family:Calibri,sans-serif\"><strong><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">Agreed value:<\/span><\/span><\/strong><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">&nbsp;When looking for compensation for repairs or replacement of your boat, you get the amount agreed upon between you and your insurer.&nbsp;<\/span><\/span><\/span><\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><strong><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\"><span style=\"color:#0e101a\">Must-have boat insurance coverages<\/span><\/span><\/span><\/strong><\/span><\/span><\/p>\n<p><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\"><span style=\"color:#0e101a\">While there are many boat insurance coverages, your policy should have a minimum of the below:&nbsp;<\/span><\/span><\/span><\/span><\/span><\/p>\n<ul>\n<li><span style=\"font-size:11pt\"><span style=\"color:#0e101a\"><span style=\"font-family:Calibri,sans-serif\"><strong><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">Liability coverage:<\/span><\/span><\/strong><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">&nbsp;When you are legally liable for an accident, you could face property damage and bodily injury claims. Without boat insurance, you may have to finance third-party claims from your pocket.&nbsp;<\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span style=\"font-size:11pt\"><span style=\"color:#0e101a\"><span style=\"font-family:Calibri,sans-serif\"><strong><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">Physical damage coverage:&nbsp;<\/span><\/span><\/strong><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">Comprehensive coverage comes in handy when not using your boat. It protects your boat against non-collision risks like theft, vandalism, fire, and certain natural calamities. On the other hand, collision coverage protects your boat against physical damage sustained in a collision.<\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span style=\"font-size:11pt\"><span style=\"color:#0e101a\"><span style=\"font-family:Calibri,sans-serif\"><strong><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">Medical payments coverage<\/span><\/span><\/strong><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">: This coverage pays for the medical expenses for you and your passengers when involved in a boating accident.&nbsp;<\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span style=\"font-size:11pt\"><span style=\"color:#0e101a\"><span style=\"font-family:Calibri,sans-serif\"><strong><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">Uninsured boater coverage:<\/span><\/span><\/strong><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\">&nbsp;What would happen if you collide with a boater without insurance? If they are deemed liable, you could be faced with uncovered property damage and bodily injury costs. For this reason, you need uninsured watercraft coverage to cushion you against less-responsible boaters.<\/span><\/span><\/span><\/span><\/span><\/li>\n<\/ul>\n<p><span style=\"font-size:11pt\"><span style=\"font-family:Calibri,sans-serif\"><span style=\"font-size:12.0pt\"><span style=\"font-family:&quot;Times New Roman&quot;,serif\"><span style=\"color:#0e101a\">While boat insurance is broad, having the above coverages is an excellent place to start. If you are unsure what coverages you need in Pembroke Pines, FL, please connect with McCormick Insurance Inc. for guidance. Here, we believe that there exists no one-size-fits-all boat insurance. As such, we provide tailor-made boat insurance to suit your personalized needs.<\/span><\/span><\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The boating season is here. As the temperatures creep up, it&rsquo;s time to get your boat from storage and hit the waters. But whether it&rsquo;s sailing, picnic, or fishing, you need watercraft insurance from McCormick Insurance Inc. to have a relaxed time in the water. That said, if you own a boat in Pembroke Pines, [&hellip;]<\/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-342","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-mccormick-insurance-inc","tag-pembroke-pines-fl"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mccormickinsuranceinc.com\/blog\/wp-json\/wp\/v2\/posts\/342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mccormickinsuranceinc.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mccormickinsuranceinc.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mccormickinsuranceinc.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mccormickinsuranceinc.com\/blog\/wp-json\/wp\/v2\/comments?post=342"}],"version-history":[{"count":1,"href":"https:\/\/www.mccormickinsuranceinc.com\/blog\/wp-json\/wp\/v2\/posts\/342\/revisions"}],"predecessor-version":[{"id":343,"href":"https:\/\/www.mccormickinsuranceinc.com\/blog\/wp-json\/wp\/v2\/posts\/342\/revisions\/343"}],"wp:attachment":[{"href":"https:\/\/www.mccormickinsuranceinc.com\/blog\/wp-json\/wp\/v2\/media?parent=342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mccormickinsuranceinc.com\/blog\/wp-json\/wp\/v2\/categories?post=342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mccormickinsuranceinc.com\/blog\/wp-json\/wp\/v2\/tags?post=342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}