Boat owners need to understand how important their boat insurance coverage purchase decision is. We can help you make the right decision about buying boat insurance in Granbury, TX. Get in touch with us at Texas Classic Insurance to learn more about your insurance options.
When you choose a boat insurance policy, you need to avoid mistakes that could end up costing you a lot of money.
The following are four things not to do when you need boat insurance:
Procrastinating about buying boat insurance
Buy boat insurance right away before you take your boat out and use it. Boat insurance protects the investment you make in your boat.
Boat insurance also protects you from severe financial consequences if you are held liable for accident damages resulting from a boating collision.
Purchasing an actual cash value policy
An agreed value policy guarantees you that you’ll get a certain amount back if your boat is destroyed in an accident.
If you choose an actual cash value policy, you may get much less than your boat is worth in the event of a total loss because your boat has depreciated significantly in value.
Assuming you’re covered through your home insurance
Although home insurance may offer limited coverage for your boat, this coverage is generally not adequate to protect you if you get involved in an expensive accident.
You need to purchase a separate boat insurance policy if you want an adequate amount of financial protection.
Buying a boat insurance policy on impulse
Put thought and research into your boat insurance policy choice. Make sure that you understand what you’re getting and that you compare quotes from multiple providers.
Call us to get a policy quote
You need to do your research before you buy boat insurance. At Texas Classic Insurance, we’ll be happy to assist you with finding coverage for your boat in Granbury, TX.