Tag: watercraft insurance

Making For A Worry-Free Summer On The Open Waters

Posted on by butlervetinsurance

Insuring Your Boat & Watercraft

The time has come to load up the trailer and get your boat back out on the open waters. As you prepare your boat and other mini watercrafts for the best time of year, it is important that you make sure you are properly covered. Without the right boat insurance and watercraft insurance policies, it is nearly impossible to enjoy the open waters without worrying about inadequate coverage. Gathered is all the must-know information regarding boat insurance so that you can be an informed vessel owner:

  • While you may have been misinformed that your homeowners insurance will cover your boat, it is important to note that you only receive a very limited amount of coverage and the size of your boat will determine whether or not you receive any.
  • Many new boaters assume that they do not need boat insurance if their boat is not valued at much, but this is far from the truth. Boat insurance offers much more than just coverage for your boat, as you need coverage against the many liability risks associated with the open waters.
  • Hazards that are covered by most standard boat insurance policies include fire, collision, theft, vandalism, lightning, and some incidents that happen on land.
  • Boat insurance premiums are dependent on a wide range of factors, including whether or not you will be going with a standard policy or a customized policy. There other factors of course, including extra coverage, increased coverage limits, the size of your boat, the value of your boat, and of course, which waters you will be navigating.

Contact Stromsoe Insurance Agency for all of your California boat insurance and watercraft insurance needs. To ensure that you feel confident about your boat’s security, we will custom tailor a policy that meets your exclusive coverage needs.

Insure Your Toys During Summer Time

Posted on by butlervetinsurance

Now that the summer months are finally upon us, people all over the country are lining up at docks to launch their WaveRunners, Jet Skis, and Sea-Doos. You have worked hard to be able to purchase your personal watercraft, so you must realize how important it is to purchase an insurance policy that will protect you financially. Here are just a few of the risks you take each time you take your watercraft out for a ride:

  • Damage due to crashing into another rider
  • Damage to another rider’s craft or dock
  • Damage done in transport due to an automobile accident
  • Negligence resulting in the injury or death of another person

Personal watercraft insurance will help protect you from situations like these. Typically, these insurance policies will continue to protect you and your watercraft, even if you have loaned it to another person. But wait! Pay close attention to every detail of your policy. There may be exclusions that will get in the way of the coverage you need. Here are a few examples:

  • Personal Watercrafts that have been adjusted to boost speed or performance
  • Using a personal watercraft after dark
  • Using a personal watercraft without a valid driver’s license

Many individuals assume that their personal watercraft is covered under their homeowner’s insurance. This is rarely the case, and when it is, often doesn’t provide adequate coverage. When searching for the policy that is suitable for your lifestyle, don’t forget to scour for possible discounts. You will likely qualify for multiple deductions that will save you a great deal of money.

If you have any insurance related questions, don’t hesitate to contact one of the top independent insurance firms in California, Stromsoe Insurance Agency! Stromsoe offers quality commercial and personal insurance policies that are sure to meet all of your insurance needs.

Do You Need A Separate Watercraft Policy For Your New Boat?

Posted on by butlervetinsurance

Before you go out and purchase that new boat you have been dreaming about all winter, consider the importance of also purchasing the proper watercraft coverage that you will need for your new toy.

Many people mistakenly believe that their boat will be covered under either their Personal Auto policy or Homeowners policy. Auto policies do not provide liability coverage or coverage for damage on boats. Homeowners policies might cover only boats that have low value or are low-powered. So before going out and purchasing a boat, contact us to discuss the proper watercraft coverage that you will need.

Here are some considerations when it comes to figuring out if you will need separate watercraft coverage for your boat. These types of boats will require a separate insurance policy:

  • >> Any boat valued at more than $1,500
  • >> A sailboat that is more than 26 feet long
  • >> Powerboats that have motors exceeding 25 horsepower

Insurance companies will often deny coverage for particular types of watercraft unless you arrange for proper coverage before hitting the water. These types of watercraft might be denied coverage:

  • 1. Watercraft such as jet skis or wave runners, due to the high number of accidents with them.
  • 2. Houseboats, homemade or kit boats, competition bass boats, and speedboats.
  • 3. Boats that are more than 15 to 20 years of age, due to a higher loss frequency (Note: It is also wise to order a marine survey or inspection of an older boat before purchasing, which can point out deficiencies in the boat that could cause you to reconsider the purchase or renegotiate the price).

Finally, when it comes to purchasing the proper watercraft coverage needed for your new boat, also consider purchasing a Personal Umbrella policy. This policy would be in addition to a watercraft policy and is especially beneficial if you are going to purchase a speedboat, one designed for skiing or any other type of craft that has a higher potential for loss of life or damage. Umbrella policies are relatively inexpensive and will provide additional coverage above the liability coverage found in a watercraft policy.

If you have any questions about your protection, call the Stromsoe Insurance Agency Total Protection Team for the right answers to your questions.

Here are 4 EASY ways to reach us:

1. Call 877-994-6787 or 951-600-5751
2. Fax 951-677-6265
3. Email – [email protected]
4. Visit Exclusive New Website –  agency.thebutlerweb.com