Classic Truck Insurance--Truck Insurance Quote--TN-GA-FL-KY-OH-MS-AL-LA
  • Wix Facebook page
  • Wix Twitter page
  • Home

  • Insurance Quote

  • Short Term Insurance

  • Get Your Authority

  • Brokers

  • About Us

  • Certificate Requests

  • Truckers Tool Kit

  • Available Truck Coverages

  • Truckers Health Benefits

  • Truckers Safety

  • Members

  • More

    Classic Truck Insurance

    Call us today at 888-498-0255​

    The One Stop Shop for Transportation Services

    Learn About Boat Insurance

    It’s best to buy separate boat insurance, rather than adding your boat to your homeowner's policy. Many homeowners’ policies limit or don’t cover marine-specific risks, such as salvage work, wreck removal, pollution or environmental damage.

    Home>>Boat Insurance>>Learn About Boat Insurance

    Learning about Boat Insurance

     

    Insurance Factors

    
    Insurers consider many factors when deciding whether or not to offer a policy. Almost any vessel can be insured— for a price. You just want to make sure the policy meets your needs.

    

    • Age of Boat
    • Length
    • Value
    • Speed
    • Condition (Does it meet US Coast Guard Standards)
    • Primary residence (If the boat is used as a primary residence)
    • Type (Amphibious boats)
    • Homemade (Boats without a serial number, many kits are okay)
    • Houseboats with no motor
    • Ownership (more than 2 owners)

    Types of Boat Insurance

    There are two basic types of boat insurance—“agreed value” and “actual cash value.” How depreciation, is handled, is what sets them apart. An "agreed value" policy covers the boat based on its value when the policy was written. While it can cost more up front, there is no depreciation for a total loss of the boat (some partial losses may be depreciated). "Actual cash value" policies cost less up front, but factor in depreciation. In other word, the policy will only pay up to the actual cash value of the boat at the time it is declared a total or partial loss.

     

    Kinds of Policies
    Marine insurance covers a wide berth of watercraft. You may be surprised to find what can be insured. Marine insurance policies include:

    • Boat
    • PWC / Watercraft
    • Yacht - Generally, vessels 26' and smaller are called "boats,” and "yachts" are 27' and larger. Yacht coverage tends to be broader and more specialized because larger boats travel farther and have more unique exposures.
    • Sailboat
    • Dinghy
    • Boat & PWC Rental – Although this is generally not required, rental insurance will help cover any damage the vessel, as well as the operator and passengers.
    • Boat Clubs – Covers all members of club while operating a boat.
    • Professional (ProAngler, Fishing Guides & Charters) – These policies are very customizable and can cover items like travel to a tournament, equipment and more.

    

    Learn the basics of boat insurance. Why you need it, what it includes and how to get it.

    

    What Boat Insurance Policies Cover
    How and where you boat determines the type of coverage you need. An "All Risk" policy will offer the best protection. However, an “all risk” policy does not cover every type of loss; in insurance terms “all risk” just means that any risk not specifically omitted in the policy is covered. Typical exclusions include wear and tear, marring, denting, animal damage, and manufacturer’s defects, defects in design, and ice and freezing.

    

    You may also be able to add extra coverage. Available options may include: medical payments, personal effects, uninsured boaters liability, and towing and assistance. Most policies will cover permanently attached equipment, as well as items like anchors, oars, trolling motors, tools, seat cushions, and life jackets. Be sure to discuss these options with your agent.

    

    Types of Coverage
    This will depend on the type of policy, but common coverage add-ons (in addition to basic ones above) include:

     

    Specialized Coverage – Coverage for something specific on your boat like an expensive prop or accessory.
    Salvage – Coverage that pays to remove your boat due to damage, from substantial to minor.
    Consequential Damage - Covers a loss that was the result wear and tear rather than an accident (rot, mold, corrosion).
    Towing – Towing your boat across a body of water to safety.
    Cruising Extension – You can get temporary, additional coverage if you plan on leaving the USA (typically to Mexico or the Bahamas).


    Claims
    Hopefully, you will never need to make a claim but if you do, it’s good to be prepared. You are not required to carry proof of insurance on your boat, but it’s a good idea keep claim information handy for an emergency. Ask how the claim process works when you’re shopping for policies. Naturally, it should be quick and easy. In addition, find out if your agent (or other representative) will be available if you need help dealing with the aftermath of a claim, such as arranging for towing or salvage, rather than just cutting a check and leaving.

    

    Find out what kind of coverage you want based on your needs.

    Boat Insurance Cost
    Shopping for Boat Insurance
    Boat Insurance Cost Factors
    Discounts

    Shopping for Boat Insurance


    Start with a little fact-finding. Ask your boating friends which company they use, and how their claims have been handled. The way an insurer has handled claims in the past is a good indicator of the quality of service you can expect in the future.

    

    You can also research insurance carriers at www.ambest.com/ratings. The ratings are an independent judgment of an insurer's financial strength; look for an "A" rating (excellent) or better. State insurance regulatory agencies are also a good reference and can be found online.

    

    Boat Insurance Cost Factors
    Many factors are used to set the cost of a policy, and they vary among insurers. Here are some items to consider:

    Cruising Area – where you boat
    Boating Safety Education –if you have been formally trained or certified
    Good Driving Records –both boating and driving
    Liability Limits - the higher the limit the higher the cost
    Deductible - the higher the deductible the lower the premium
    Discounts

     

    There are a few ways to reduce your boat insurance costs. If your boating is restricted by seasons, for example, your boat is in storage during the winter, you can get deductions for winter layup. Many insurers offer discounts for good driving records and for anyone who has completed boater education classes. Finally, it usually costs less to be insured in fresh water versus salt, so be sure to discuss where you boat with your agent. You may earn extra savings by bundling your coverage with the same company that insures your home and/or car.

    Figure out how much you can expect to pay for insurance based on your needs.

     

     

    Need to Quote Different Insurance?

    Truck Insurance​
    Short Term Truck Insurance​
    Motorcycle Insurance​
    Boat Insurance​
    Mobile Home Insurance​
    Motor Home Insurance​

    ​Auto Insurance
    Occupational Accident Insurance​
    Workers Compensation Insurance

    HOURS OF OPERATION

    Monday-Friday

    8:30am-5:00pm EST

     

    ADDRESS

    2005 Ailor Avenue

    Knoxville, TN 37921

    sales@classictruckinsurance.com

    Tel: 888-498-0255

    Fax:865-522-7772

    • Wix Facebook page
    • Wix Twitter page

    www.classictruckinsurance.com

    www.getyourauthority.com

    www.brokercontingentcargo.com

    www.shorttermtruckinsurance.com

    www.freightbrokerbondbmc84.com

    © Copyright Classic Truck Insurance. All rights reserved.

    Classic Truck Insurance Privacy Policy

    ​Insurance Choices

    Truck Insurance

    Semi Truck Insurance

    30 Day Short Term Truck Insurance

    Log Truck Insurance

    Tow Truck Insurance

    Cement Truck Insurance

    Dump Truck Insurance

    Auto Insurance

    Motorcycle Insurance

    Boat Insurance

    Mobile Home Insurance

    Motor Home Insurance

    ATV Insurance

    Occupational Accident Insurance

    Workers Compensation Insurance

    

    About Classic Truck Insurance

    ​States For Truck Insurance

    ​Trucker Toolkit

    Insurance Glossary

    Certificate of Insurance

    Truckers Safety

    Truckers News Blog

    Bobtail/Physical Damage

    Commercial GL

    Motor Truck Cargo

    Truck Insurance Videos

    Truckers Fuel Feed

    How to Become a Truck Driver

    How to Get a Truck Driving License

    Truckers Drug and Alcohol Testing

    Compliance, Safety, and Accountability

    ​

    Trucking Services

    ​​​​​F​reight Broker/Forwarder Services

    What is Freight Forwarding

    What is Freight Brokering

    Learn about Broker Bonds

    Get Your Authority

    Short Term Truck Insurance

    Broker Bond Application

    Contingent Cargo Insurance

    Towing and Roadside for Truckers

     

    Disclaimer:  Our General insurance Glossary is for general information only. We  do not warrant the information found here as usual and customary for assessment of insurance claims or pay outs. Insurance terminology could vary widely per State or Insurance company acceptability. Contract language can vary widely dependent upon  many factors. The information contained here is meant to be general in scope. We recommend contacting your insurance agent or the insurance bureau in your state for exactly what is appropriate in your state .

    Pennsylvania
    Rhode Island
    South Carolina
    Tennessee
    Texas
    Utah
    Virginia
    Washington
    West Virginia
    Wisconsin
    Oregon
    Maine
    North Carolina
    New York
    New Mexico
    New Jersey
    New Hampshire
    Nevada
    Nebraska
    Montana
    Missouri
    Mississippi
    Minnesota
    Michigan
    Massachusetts
    Maryland
    Arizona
    Arkansas
    California
    Connecticut
    Delaware
    Florida
    Georgia
    Idaho
    Iowa
    Illinois
    Indiana
    Kansas
    Kentucky
    Louisiana
    Alabama
    Ohio
    Oklahoma
    About Us
    Contact Us
    Partner Insurance Carriers
    Hospital Medical Insurance
    Life Insurance
    Dental Insurance
    Vision Insurance
    Short Term Disability
    401 K for Truckers
    Accidental Death

    Trucker Health Benefits

    Click Here For Health Insurance