Are you getting out of this heat...in one or all of these fun toys? If so, we recommend a helmet, life jacket, lawn chair, ice chest, and most importantly, good insurance!!!
Whether it is a jet ski, motorcycle, boat or travel trailer, you will want to make sure you have the proper coverage in place to keep you and your adventure and trip successful. From the www.dmv.org: If you use your vehicle to pull trailers, you should really consider purchasing trailer insurance. This type of insurance will protect you from financial hardship if you damage the contents of your trailer and/or cause damage to another while using your trailer.
While trailer insurance is not a legal requirement in any state, it can especially be valuable to you if you use your trailer on a very regular basis. We’ll review the basics of this type of coverage and go over when you might need it. Not only on ground but in the water, you will need insurance on boats as well. From www.bankrate.com it shares why you will need boat insurance.
"Many homeowners policies will have a minimal amount of coverage for really small boats with either no engine or a very small engine, like a sailboat," says Mitch Jawitz, vice president of marketing and distribution at The Hanover Insurance Group. "But if you're buying a $10,000 or $20,000 boat, your homeowners policy is not going to cover you for what you need."
Lynne McChristian, the Florida representative for the Insurance Information Institute, says boats are unique and require their own policy.
"Your boat has nothing to do with your home, any more than your car can be covered under your homeowners insurance," she says. "Your home isn't mobile. Your boat, like your car, can go anywhere, so it requires a separate policy."
That said, you may save money by bundling your boat policy with your home or auto insurance.
"There's often a cross-sell discount," says Chantal Cyr, vice president of product management for Travelers. "At Travelers, if your boat is less than 30 feet and you have one or more policies, you can save 10 percent for one policy and 15 percent for the second."
A personal loan can be a great option for financing a boat.
Like home insurance, a boat policy covers you for liability if someone is injured on your craft and gives you the choice between replacement cost or cash value in a total loss.
Like auto insurance, boat coverage typically includes coverage for bodily injury that your boat inflicts on others, property damage your boat inflicts on docks and other boats, and physical damage to your boat should you hit something or run aground. You can also purchase comprehensive coverage against theft, vandalism, fire and flood, personal property coverage for your fishing gear, uninsured boater insurance and even roadside assistance in the event you need a tow.
Unlike home and auto, a boat policy may allow you to "lay up" or suspend coverage for specified periods when you're not using the boat.
"Sometimes boaters aren't aware of that and (on) some nice day in November, they take the boat out for the day and have an unfortunate incident, only to find out that their boat was to be out of the water from Oct. 15 to April 1," says Cyr.
Call the April Schaffroth Farmers Agency at 602-297-5155 BEFORE your trip to check your coverage.
Why do I need boat insurance?
If you're new to boating, you may be under the impression that your homeowners insurance will magically stretch to cover your boat. Sadly, in most cases it won't."Many homeowners policies will have a minimal amount of coverage for really small boats with either no engine or a very small engine, like a sailboat," says Mitch Jawitz, vice president of marketing and distribution at The Hanover Insurance Group. "But if you're buying a $10,000 or $20,000 boat, your homeowners policy is not going to cover you for what you need."
Lynne McChristian, the Florida representative for the Insurance Information Institute, says boats are unique and require their own policy.
"Your boat has nothing to do with your home, any more than your car can be covered under your homeowners insurance," she says. "Your home isn't mobile. Your boat, like your car, can go anywhere, so it requires a separate policy."
That said, you may save money by bundling your boat policy with your home or auto insurance.
"There's often a cross-sell discount," says Chantal Cyr, vice president of product management for Travelers. "At Travelers, if your boat is less than 30 feet and you have one or more policies, you can save 10 percent for one policy and 15 percent for the second."
A personal loan can be a great option for financing a boat.
How does it differ from home or auto insurance?
In some ways, boat insurance is a mash-up of home and auto insurance.Like home insurance, a boat policy covers you for liability if someone is injured on your craft and gives you the choice between replacement cost or cash value in a total loss.
Like auto insurance, boat coverage typically includes coverage for bodily injury that your boat inflicts on others, property damage your boat inflicts on docks and other boats, and physical damage to your boat should you hit something or run aground. You can also purchase comprehensive coverage against theft, vandalism, fire and flood, personal property coverage for your fishing gear, uninsured boater insurance and even roadside assistance in the event you need a tow.
Unlike home and auto, a boat policy may allow you to "lay up" or suspend coverage for specified periods when you're not using the boat.
"Sometimes boaters aren't aware of that and (on) some nice day in November, they take the boat out for the day and have an unfortunate incident, only to find out that their boat was to be out of the water from Oct. 15 to April 1," says Cyr.
Call the April Schaffroth Farmers Agency at 602-297-5155 BEFORE your trip to check your coverage.
