Here is an excerpt from a new blog post at GreggMarcus.com:
Purchasing a boat is exciting but understanding the insurance requirements of that new purchase can be very confusing. Gregg S. Marcus, a Long Island Insurance Executive shares the most important things to remember about boat insurance below. A smart boater can make the right choice on insurance by following these tips:
Know your insurer
There many ways to purchase boat insurance, either as an add-on to a homeowner’s policy, purchased from an independent insurance agent or directly from a marine insurance company. Buying a marine policy directly from the insurer you know or through a marine insurance specialist is best. When it is added on to your homeowner’s insurance policy, there are often limits or no coverage for marine specific risks like salvage recovery. Ask friends who are experienced with marine insurance and check insurance company ratings before making a decision.
To read this post in it’s entirety, click here to visit the Gregg Marcus official website.