Category: Boat Ownership

Buying boat insurance is similar to buying insurance for an automobile, but coverage options differ on boat insurance policies. Insurance for a boat depends on many factors including laws in a particular area, the type of boat being insured, the size of the engines in the boat and whether the owner took any training courses. Problems that can arise with boat insurance include the type of coverage that was purchased, coverage requirements and how the value of the boat is determined.

Water sports enthusiasts usually consider a boat to be an all-in-one recreational vehicle as it can be used for waterskiing, wakeboarding, fishing, riding to your preferred vacation destination, sailing to weekend getaways, or just for lounging around. However, boats require a significant investment, and since they are used and stored in water, they are vulnerable to external risks, particularly technical snags or body damage. Therefore, getting your boat insured is a good idea.

The changing nature of boat design reflects how the sport has evolved over time. Skiers prefer small, soft wakes. Wakeboarders, on the other hand, want big wakes from which to launch aerial maneuvers. But when mom and dad are die-hard skiers, and the kids want to wakeboard– and with $25,000 and more at stake–then what?