All You Need To Know Before Buying Boat Insurance In Killeen

by Administrator 24. August 2020 11:57

Boat insurance provides financial protection to a boat owner against any damage or losses incurred by a covered event. Before buying boat insurance, it is important to understand the basics of boat insurance coverage.

What Types Of Boats Are Covered?

Boat insurance can be bought to cover different types of boats including personal watercraft, jet boat, sailboat, fishing boat, house boat, etc.

What Is An Event?

An event describes an accident or peril against which boat insurance coverage is valid. It is described in the insurance coverage documents

What Does Boat Insurance Cover?

Boat insurance includes different coverage options:

  • Collision Coverage: It provides protection against financial losses incurred due to collision of the insured boat.
  • Roadside Assistance: It covers the cost of trailering or towing the boat on the road. The coverage is offered up to a coverage limit.
  • On-Water Towing: If the insured boat breaks down on the water and needs to be towed to the shore, this covers the costs incurred up to the coverage limit.
  • Total Loss Replacement: This coverage option allows total replacement of boat in case of damage, depending upon the conditions and limitations of the coverage bought.
  • Additional Coverage: In addition to the basic coverage options, customers can choose from additional coverage options such as bodily damage, third party liability, etc.

How Does Boat Insurance Work?

Before buying boat insurance, it is important to decide the amount of coverage, deductible, and types of coverage needed. Once the boat insurance coverage is active, the insured can file a claim in case of any damage is caused by a covered event. After the claim is filed, an insurance claims officer analyzes the damage caused against the coverage bought. The damage is documented and a suitable claim amount is sanctioned.

Shawn Camp Insurance Agency, Inc. offers a wide range of boat insurance coverage options at an affordable price to its clients in Killeen, TX. The agency allows its customers to either choose suitable boat coverage options or opt for customized coverage. For more details on things you need to know before buying boat insurance, visit 2705 E. Stan Schlueter Loop, Suite 101 Killeen, TX – 76542. You can also call at (254) 526 – 0535.

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Coverage Options For RV Insurance

by Administrator 13. August 2020 09:03

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