Four rules to follow when you buy boat insurance

If you’re looking for boat insurance in Round Rock, TX, we can come to your assistance. DGIA LLC is an insurance provider that can meet your boat insurance needs. 

There are a few important rules that boat owners should follow when they buy insurance.

The following are four rules to follow when you buy boat insurance:

Choose an agreed-value policy

You can choose whether you buy an agreed value policy or an actual value policy. Agreed value policies are ideal because they ensure that you’ll be compensated for a certain amount in the event of a total loss. This way, you won’t be compensated less because your boat has gone down in value as a result of depreciation. 

Be aware of the boat insurance requirements you must meet

Boat owners are often required by their boat loan lender or marina to have boat insurance. You need to know how much coverage you’re required to have to make sure that you’re meeting the rules of your lender or marina. 

Buy added liability coverage

Investing in added liability coverage can really pay off. Liability expenses can be very high if you are held responsible for a boating accident. With added liability coverage, you can avoid having to pay expenses out of pocket. 

Make sure you have total salvage coverage

Some boat owners overlook total salvage coverage when they buy boat insurance. If your boat gets wrecked, salvage coverage will pay to remove it from the water. This can be a significant expense, so you’ll definitely want to include coverage for 100 percent of salvage costs. 

Reach Out To Us

When you buy boat insurance, you need to get policy quotes on insurance providers offering coverage in Round Rock, TX. Call us at DGIA LLC and we’ll give you a quote on a policy that will cover your boat.