Our friends over at Boatmo.com are leaders in helping you find that perfect boat for sale but they also offered some advice to obtain the best possible insurance coverage for your new boat, consider taking the following steps.
Research a number of insurance companies, as well as a variety of policies on the internet. This will help you to determine which features you want written into your policy, and which ones you may not feel as strongly about. Never just put in minimal effort and go with the first one you find. Just like auto insurance, it certainly pays to shop around.
After investigating as many companies as you can, select 3 or 4 which offer the most extensive packages. Be certain that each company can meet or exceed your insurance needs by viewing their policy options. When selecting these companies also consider which ones have the most experience in dealing with the type of insurance you want. Boat owners must carefully consider picking insurance companies that specialize in everything boating, rather than having their hands in all different types of insurance too.
Get three quotes at a minimum. These can be obtained online, or by contacting a representative from each company, to explain what you want, and request a quote. Obtaining a quote does not obligate you to purchase the insurance. If you are not satisfied with the coverage offered, or the rates quoted, then you can simply say no thank you. Just remember that you can also speak with an agent and tell them you are shopping around and the lowest quote you have up to now. If they really want your business, they will match the premium coverage and try to get you in for less than the price you were quoted by other companies.
Never feel like you have to choose the very first boat insurance company or agent that you speak with. Before you purchase any policy, take the time to talk with a representative of the insurance company. Evaluate the service that representative provides. It will be important in the future, should you need to file a claim, that you feel confident that the representative will be attentive to you as a customer. If you are having trouble getting someone to talk to you or you are on hold for longer than normal, how do you think they’re going to treat you if you ever have to call them to file a claim?
Do your homework now while you still have leverage on your side. An hour of your time could save you hundreds in premiums. Visit Boatmo.com for more info: