toneeees
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[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Canceling Your Policy During the Winter Months? Don't be Left Out in the Cold![/FONT]
[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]The lake is frozen solid, the dock is covered in snow, and the only thing your boat's been good for is hiding Christmas presents from ever-curious children (and now even that is over). So why not save a few dollars and consider canceling your boat insurance policy? After all, what could possibly happen to your prized possession during the winter months when it's locked away in the garage? The answer: Quite a lot.[/FONT]
[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Contrary to popular belief, the amount of claims filed during cold-weather months is shocking. Over the last three years, nearly two out of every ten claims filed from Minnesota to Maine were filed during the fall and winter months. In the off-season, situations emerge that can cost you thousands. Without the proper coverage, boaters would find themselves left out in the cold when a claim must be made.[/FONT]
[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]While many boaters may be able to justify dropping collision coverage - which pays for damages in the event of an accident that would generally occur only when the boat's in the water - in the off-season, other situations come up that can cause thousands of dollars in damages that, without the proper coverage, boaters would have to pay for out of their own pockets.[/FONT]
[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Considering dropping comprehensive coverage? Know this: The majority of boat claims are for fire, theft, vandalism, and flooding - all of which occur year round. Without comprehensive coverage, which pays for damage caused by circumstances other than a boat collision, boats damaged or destroyed by these events would not be covered.[/FONT]
[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif][Editor's note: For more information on how best to save money on your boat insurance, contact the National Boat Owners Association (NBOA). Call 1-800-248-3512 or visit www.nboat.com][/FONT]
[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Boaters could also be held responsible for injuries that occur on or around their boats, even during your lay-up period, and even if the injured person was there illegally. Without liability coverage - which pays for injuries to other people or damage to their property if you cause an accident - you, and not your insurer, could be legally responsible for damages or the injured parties' medical bills.[/FONT]
[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]These examples demonstrate why it's a good idea to keep your coverage year-round. So the question remains, what other options are available when it comes to saving money on your marine insurance?[/FONT]
[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Choose policies that offer the following special coverage options and discounts:[/FONT]
[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Call 1-800-248-3512 or visit www.nboat.com to request a free quote online.[/FONT]
[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]The lake is frozen solid, the dock is covered in snow, and the only thing your boat's been good for is hiding Christmas presents from ever-curious children (and now even that is over). So why not save a few dollars and consider canceling your boat insurance policy? After all, what could possibly happen to your prized possession during the winter months when it's locked away in the garage? The answer: Quite a lot.[/FONT]
[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Contrary to popular belief, the amount of claims filed during cold-weather months is shocking. Over the last three years, nearly two out of every ten claims filed from Minnesota to Maine were filed during the fall and winter months. In the off-season, situations emerge that can cost you thousands. Without the proper coverage, boaters would find themselves left out in the cold when a claim must be made.[/FONT]
[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]While many boaters may be able to justify dropping collision coverage - which pays for damages in the event of an accident that would generally occur only when the boat's in the water - in the off-season, other situations come up that can cause thousands of dollars in damages that, without the proper coverage, boaters would have to pay for out of their own pockets.[/FONT]
[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Considering dropping comprehensive coverage? Know this: The majority of boat claims are for fire, theft, vandalism, and flooding - all of which occur year round. Without comprehensive coverage, which pays for damage caused by circumstances other than a boat collision, boats damaged or destroyed by these events would not be covered.[/FONT]
[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif][Editor's note: For more information on how best to save money on your boat insurance, contact the National Boat Owners Association (NBOA). Call 1-800-248-3512 or visit www.nboat.com][/FONT]
[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Boaters could also be held responsible for injuries that occur on or around their boats, even during your lay-up period, and even if the injured person was there illegally. Without liability coverage - which pays for injuries to other people or damage to their property if you cause an accident - you, and not your insurer, could be legally responsible for damages or the injured parties' medical bills.[/FONT]
[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]These examples demonstrate why it's a good idea to keep your coverage year-round. So the question remains, what other options are available when it comes to saving money on your marine insurance?[/FONT]
[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Choose policies that offer the following special coverage options and discounts:[/FONT]
- [FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Disappearing deductibles reduce the selected comprehensive and collision deductible 25% for every claim-free policy period (the deductible is the amount you are required to pay before your insurance company starts picking up the tab). If you go four policy periods in a row without having a claim, you'll then have no deductible, meaning no out-of-pocket expense if you do need to file a claim.[/FONT]
- [FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Agreed Value coverage is another option. Most insureds make the mistake of renewing their policy at the same value as when they purchased their boat three years ago; what they don't realize is that values depreciate over time. In the event of a claim, they would only be eligible for coverage of the current estimated value, even though they have been paying a premium based on their purchase price. To avoid over insuring your vessel, choose a policy with Agreed Value coverage. It guarantees the face amount of your policy will be paid in the event of a total loss, no matter how old your boat is. The potential savings and benefits from this option are truly priceless.[/FONT]
- [FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Boating History and Safety Education provide discounts as well. If you have taken safety courses from the United States Coast Guard, hold a captain's license, or have no history of previous losses, you may be eligible for discounts (up to 10%). Even keeping equipment like safety devices, depth finders or GPS instruments on board will lead to deductions on your premium.[/FONT]
[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Call 1-800-248-3512 or visit www.nboat.com to request a free quote online.[/FONT]