Boat insurance rates in CA

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Emergency Medical Insurance
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Understanding Boat Insurance Coverage

• With over 75 million people in America involved
  in recreational boating (according to the
  National Marine Manufacturers Association) it
  is hardly surprising that boat insurance rates in
  CA is a topic that interests so many. However,
  for many boat owners, the concept of boat
  insurance remains unknown.

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What is Boat Insurance?

• Boat insurance covers a boat owner in the event
  of a loss or damage caused to the boat. It covers
  most types of water-based vehicles that run on
  motors, counting fishing boats, paddle boats,
  yachts and leisure boats. A boat insurance policy
  wont however, cover PWCs (personal watercrafts),
  kayaks or canoes.

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Understanding Boat Insurance Coverage
1. What is Covered?
Boat insurance policies usually include coverage
for any physical injury that the policy holders
boat imposes on other boats, docks, and people.
It also covers any form of physical damage caused
to the policy holders boat in case it hits
something. There are several options for
purchasing inclusive coverage against burglary,
wreckage, fire, and floods. Liability coverage
can also be purchased for personal items such as
fishing equipment and also curb assistance in
case the boat needs a tow.
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Understanding Boat Insurance Coverage
 2. What is Not Covered?

• In case the insured boat is being transported on
  land boat policies will not pay for
• The loss of life
• Physical Injury
• Property damage
• If the boat is damaged when parked on the owners
  property, it falls under homeowners insurance
  policy. Since terrestrial liability is not
  included in boat insurance policies, it is
  advisable to protect the boat and the assets in
  the boat from potential issues while boat is on
  land.
• Most boat insurance policies also mention
  a navigational warranty. Only the inland waters
  of America and Canada are covered.

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The average boat insurance rate in CA
On an average, yearly boat insurance rates in CA
can range from a few hundred to 1,000. Rates are
based on the type of boat and the profile of the
boat owner (history of boat insurance claims,
credit score, driving record, age, etc.) What
also matters is the type of boat the length and
size of the boat, the horsepower of the boat. In
most cases, boats that have higher horsepower
engines are given costlier boat insurance rates
in CA. Another factor that plays a huge role in
determining the insurance premiums is the
expected use of the boat. If the boat owner only
intends to take his boat for sporadic fishing
trips, the rates will naturally be lower than
that for a boat owner who intends to paraglide.
Rates for speedboats, small fishing boats, and
yachts differ a lot on rates. On an average, the
most basic boat insurance package will cost 500
a year.
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Promax Insurance Agency
Devoted to lessen boat insurance rates in
California, Promax Insurance Agency has become
a great advisor for all their customers.
Stubbornly safeguarding the best arrangements for
their customers, Promax Insurance Agency as an
independent insurance agency guides its
customers, shops around and negotiates to get
the cheap and best boat insurance policies.
FOR MORE INFORMATION
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