Boat insurance policies are designed to offer protection against a number of risks of owning and operating your boat, its motor, and the trailer. Moreover, boat insurance policy also offers protection against medical payments and liability lawsuits. There are a number of boat insurance companies in India to buy boat or yacht insurance from. You can instantly get boat insurance quotes online. Boat insurance policy basically provides replacement cost coverage on repairs. Under boat insurance policy, total loss claims are settled on an agreed value basis, which means you will be reimbursed on the basis of your policy coverage limits.
What Does Boat Insurance Cover?
Boat insurance policy in India covers physical damages. It is a must to buy boat insurance to secure your boat against damage and loss caused by common risks, such as sinking, storms, fire, collision and theft. Physic damage under boat insurance policy generally covers the boat motor(s), boat hull, the boat trailer if requested and described boat equipment. You can easily purchase boat insurance online by simply availing quotes.
Examples of Physical Damage Covered under Boat Insurance
Following are the list of damaged property of boats that are covered under this policy. • Boat, motor, trailer
Various Types of Boats That Can Be Insured
Types of Perils Covered Under Boat Insurance Policy
Boat Liability Insurance Coverage
Boat liability insurance policies are designed to offer coverage in case your boat causes injury to others or damage to other boats, structures or docks. Such damage or injuries can be due to situations caused by your vessel or direct contact with your vessel. Boat liability coverage can provide protection against lawsuits, including the payment of legal fees and settlements.
Additional Coverage
You can however go for some additional coverage with your basic boat insurance plan in exchange of added premium. Boat insurance companies offer a number of additional and optional coverage from which you can easily choose from.
Types of Insurance Plans
Car Insurance
Car Insurance is a type of vehicle insurance policy that protects your car & car owner from any risks & damages that may lead to financial losses.
Travel Insurance
Travel insurance provides comprehensive coverage against things that are likely to spoil your trip. It covers your medical expenses and other risks so that you can enjoy your trip hassle-free.
Life Insurance
Life Insurance is a financial product, wherein the policy holder and the life insurance company comes to an agreement.
Business Insurance
Business insurance coverage protects businesses from losses due to events that may occur during the normal course of business.
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