Your clients probably think the consequences of a loss involving their boat is at best a headache, and at worst a hit to the wallet plus hours lost on the water. What exactly are consequential losses? How do they relate to boat insurance, and why is it important to boaters? Here’s a simple example that explains just why consequential losses matter to your customers. A comprehensive boat insurance policy will likely protect your...
The Price of Boat Insurance
So you’ve just helped your customer secure coverage on her home and car, and perhaps an umbrella policy as well. You offer to obtain a quote for coverage on the family boat, but your customer advises that it isn’t necessary because the loan on it has been paid. Many boaters cancel their coverage once their loan is paid off and coverage is no longer required, as it is only mandatory in Utah and Arkansas. People may think that, because...
Striking a Submerged Object
One of the most common claims your boating customers will encounter is striking a submerged object and damaging an outdrive. Although such accidents are relatively safe for boat passengers and crew, they will require immediate repairs to the watercraft and often result in more extensive damage than what is immediately apparent to your customer. Striking something under the water can result in damage to the propeller, propeller shaft, gears, skeg...
Boat Insurance Savings 101
At SkiSafe, our job is to help you provide your customers with the best and most competitive boat insurance coverage on the market. However, there are a few things you can advise your customers that will help keep their premiums down without compromising on coverage at all. Here’s a quick list of ways your customers can save money on their boat insurance: Take a boating safety course. Grow into larger vessels as they gain experience. Maintain...