Insurance Corner | Top 10 Boat Insurance Claims

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[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Boating is certainly one of the most relaxing and carefree activities you can do on the water, however it doesn't come without risk. If you've ever run aground or hit a submerged object, then you know the inherent danger in operating a boat, even for the avid captain.[/FONT]

[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Unfortunately, boat collisions are an all-too-common occurrence, regardless of how well you prepare. In fact, boat collisions are more prevalent than boat theft.[/FONT]

[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]How to Protect Your Vessel[/FONT]

[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Besides preparing for your outing, using Marine charts and having safety equipment such as EPIRBs and sonar devices installed onboard, you can better protect yourself, your passengers and your boat by having comprehensive boat insurance.[/FONT]

[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Most Common Boat Insurance Claims[/FONT]

[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Most boaters enjoy the season without a problem. However, some have accidents, whether they are at-fault or not. Submerged objects are the most common boat insurance claim. Mainly due to the high frequency of submerged logs or debris in water, and the fact that normally they can't be seen until they've already hit the engine. Below is a list of the most common boat insurance claims:
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1. [FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Hitting a submerged object while cruising[/FONT]
2. [FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Theft while anchored[/FONT]
3. [FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Collision with other boats while boating[/FONT]
4. [FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Storm damage while moored[/FONT]
5. [FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Theft while in storage[/FONT]
6. [FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Accidental damage while cruising[/FONT]
7. [FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Flooding while moored[/FONT]
8. [FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Sinking while moored[/FONT]
9. [FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Owner negligence while cruising[/FONT]
10. [FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Accidental damage while moored[/FONT]

[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Thefts while anchored are more likely to occur during the warmer summer boating months, so it is important to remember a few practical tips to prevent the theft of your boating equipment and supplies while the boat is anchored:[/FONT]

• [FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Remove any expensive electronics from sight.[/FONT]
• [FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Don't leave anything of value on the deck.[/FONT]
• [FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Properly secure the motors, tenders and life rafts to the boat.[/FONT]
• [FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Secure all boating equipment, such as oars and anchors to the boat.[/FONT]

[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]Understanding your boat's limits before you push off, knowing the weather and tides, and properly installing safety and navigational equipment are key in preventing accidents.[/FONT]

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[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif]If you do have an accident, then being protected by the right boat insurance is paramount. At NBOA Marine Insurance, we know accidents happen. Whether it is a broken propeller or a more serious accident, NBOA is there to help you get back on the water safely. For more information about boat insurance, or to receive a free boat insurance quote, visit www.nboat.com or call 1-800-248-3512 to speak directly to a knowledgeable marine insurance specialist.[/FONT]

[FONT=Trebuchet MS, Lucida Grande, Arial, sans-serif] NBOA Marine Insurance is a purveyor of value: quality, impeccable customer service and competitive insurance rates. We say it time and time again, at NBOA Marine Insurance, our marine insurance agents are also boating enthusiasts. We have extensive knowledge of the water, and have made it a priority to educate the marine savvy on the many things we have gathered throughout the years.
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