Top 3 Marine Insurance Claims
If you own a boat, you need to protect your investment. While you know to seek out insurance, you may not understand the importance of comprehensive or extensive coverage. You need to make sure that you’re covered for the most common New York marine insurance claims. Here are three of those.
Submerged Object Impact
No one wants to think about their ship coming into contact with any sort of submerged object. These collisions are not only dangerous but you can lose a lot of money just from a small impact.
A lot of weather damage occurs on the water. High winds and heavy rain damages ships. It’s important for you to have full coverage when it comes to weather damage. Take into consideration where the ship is stationary most often and make sure that your boat has the proper amount of coverage.
Theft and Vandalism
Theft and vandalism are most likely to occur to a docked vessel. Sometimes, thefts might take ship components or high valued items from the ship and in other cases; they may steal the entire vehicle.
Likewise, vandals tend to destroy the value of your boat quickly.
Owning a boat is a lot of responsibility. You need to make sure that you’re taking proper care of it. Knowing the most common New York marine insurance claims may help you decide which coverages to choose.