Boat Insurance: Need & Benefits

by Administrator 24. December 2021 10:39

Tags: ,

Why to Insure Your Boat?

by Administrator 30. August 2021 09:48

Purchasing the right insurance policy for your boat is crucial. Boat insurance protects the boat owner against damage, theft, third party liability, etc. Let us take a look at the benefits of boat insurance:

  • Property Coverage: Getting boat insurance helps to protect your boat from damage caused by an accident and even helps to replace a boat if stolen irrespective of whether it is on water or land. The property coverage provided is equivalent to the actual value of the boat or the agreed amount of coverage.
  • Liability Coverage: This covers the expenses incurred to compensate for damage to another’s property due to one’s boat. The financial liability of damage caused due to an accident consists of the cost of repairs and also medical bills incurred due to injury to another person (hospital bills, X-rays and medications).
  • Uninsured Watercraft Coverage: If an uninsured watercraft collides with your boat and injures you or a passenger on board, boat insurance may help compensate you for the damages. So, even if you are amid those who are not insured, boat insurance lets you enjoy peace of mind knowing that you are protected in case of an unexpected happening.
  • Off-Season Protection: Boats that are stored away for the winter also need boat insurance to protect them from damages and risks during storage e.g. vandalism, fire, theft or any other calamity. With the right kind of boat insurance, you are not liable to handle the expenses of losses during storage yourself.
  • Total Loss Replacement: Boat insurance provides compensation for cases where a vessel sinks or is damaged beyond repair. An insurance policy that includes total loss replacement ensures that you get back to water as soon as possible. This is highly beneficial for an avid boating lover or for those who indulge in boating as a primary activity.
  • Cost of Coverage: The coverage for boat insurance depends on what your insurance provider offers, your budget, type of boat and personal requirements. To know the right boat insurance required for your boat, it is advisable to consult an insurance agent in your area. If you want additional coverage for boat trailers, accessories, special equipment, roadside assistance, total loss replacement and so on, ask your insurance provider about the same.
Visit Shawn Camp Insurance Agency, Inc. at 2705 E. Stan Schlueter Loop, Suite 101 Killeen, TX – 76542 or call at (254) 526 – 0535 for boat insurance in Central Texas.

Tags: ,

Boat Insurance Checklist

by Administrator 22. April 2021 08:12

Summer is around the corner and it is time for adventure seekers to get their boats out and hit the water. However, it is also the right time to review your boat’s insurance and ensure it is up to date for maximum protection during your fun outing. A comprehensive boat insurance coverage protects you from costs associated with physical damage, towing expenses, damage to people and things on the boat and more.

Here is a checklist to ensure you get right coverage for your boat:

  • Cost Of Insurance: When determining the cost of boat insurance, a number of factors come into play. These include level of coverage, type of boat (make, model, year, etc.), boating history and experience, prior claims and more.
  • Coverage Provided: Seek information about the amount of coverage provided by the insurance. Inquire whether it provides comprehensive coverage for accidental loss, theft, damage, etc. All kinds of boats are covered under boat insurance and you can also get specific coverage such as jet boat insurance, fishing boat insurance, personal watercraft insurance, house boat insurance, etc.
  • Replacement Costs: If you are interested in replacing your boat in case of an accident, the amount of coverage purchased should be almost the same as that of its market value. Most insurance companies provide those with comprehensive and collision coverage an amount equivalent to the cost of returning the boat to its original condition.
  • Bodily Injury And Property Damage Liability: This coverage provides the boat owner with bodily injury liability when present in a boat accident and also covers liability for injuring others. It compensates with the amount of repairing or replacing the boat, object or property damaged and also the legal expenses involved.
  • Additional Coverage: Ask your insurance provider whether additional coverage such as on-water towing, roadside assistance (payment for towing the boat to the nearest repair shop) and more are provided.
  • Insurance During Storage: If you are wondering whether you need boat insurance during that time of the year when your boat is stored away, you should definitely insure it. A boat insured during storage is protected from hail damage, theft and a number of other hazards. Ask your insurance agent whether you can drop some coverage while your boat is in storage.
Shawn Camp Insurance Agency, Inc. offers affordable boat insurance to its customers in Killeen, TX. The customers can personalize insurance coverage as per their requirement. For more details on boat insurance, visit 2705 E. Stan Schlueter Loop, Suite 101 Killeen, TX – 76542. You can also call at (254) 526 – 0535.

Tags: ,

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.

Tags: ,

Boat Insurance: Choosing The Right Coverage

by Administrator 25. April 2020 07:07

Boat insurance provides financial protection for a boat (and its contents) in addition to medical coverage, liability protection, and other covered events. Whether you already own a boat or watercraft or are planning to buy one, it is important to protect your legal liability obligations and personal property in case of an accident. Boat insurance is required for yachts, large sailboats, jet boats, personal watercraft, and other watercraft.

Listed below are some tips for choosing the right coverage for boat insurance:

  • Costs And Discounts: The cost of boat insurance depends on the insurance coverage limit, horsepower, size, value and type of boat. In a typical insurance plan, a certain amount of deductible is given for property damage, medical payments and theft. Most companies also offer discounts for anyone taking safety courses and one who has not made a boat insurance claim previously.
  • Type Of Coverage: Boat insurance covers damage due to fire, theft, lightning, collision and vandalism, damage to permanently attached equipment and the boat. Coverage options available to boat owners are bodily injury liability, property damage liability, guest passenger liability, medical payments, roadside assistance, on-water towing, total loss replacement, etc. 
  • Policies: Boat owners should be aware of policies in boat insurance related to navigational limits, marine inspections, layup periods and underage operators. If you wish to broaden your navigational limits, you will have to pay higher insurance costs. Do not use your boat during a layup period as this could dismiss your insurance coverage. Also, ensure that the boat is driven as per the age and license provisions stated in the policy.
  • Basis Of Coverage: When making a claim for loss/damage to the boat/yacht, it should be clear whether the coverage for the damage will be based on the Actual Cash Value (ACV) or the Agreed Value. If the damage to a boat is considered a total loss, it will be covered as per the amount agreed upon in the insurance plan. In case of a partial loss, the damage is compensated for in the form of a replacement cost, minus the deductible. An ACV policy compensates for the total loss up to a vessel’s current market value minus depreciation. For partial losses, the payment excludes the physical depreciation of damaged items and the deductible stated in the plan.

Shawn Camp Insurance Agency, Inc. offers boat insurance to its customers. The agents assist the buyers in selecting the right coverage for their boat. Coverage options offered to the customers are Roadside Assistance, On-Water Towing, Total Loss Replacement, etc. For more details on choosing the right coverage for boat insurance, visit 2705 E. Stan Schlueter Loop, Suite 101, Killeen, TX – 76542. You can also contact (254) 526 – 0535. 


Tags: ,

Coverage Checklist For Boat Insurance

by Administrator 27. March 2020 02:45

Tags: ,

Features Of Boat Insurance

by Administrator 29. October 2019 06:12

Tags: ,

Comprehensive Guide To Boat Insurance

by Administrator 15. July 2019 11:14

The boat insurance provides complete coverage in case of any theft or damage to a boat due to mishap or peril. 

If you are keen on getting your boat insured, following are a few guidelines that will be helpful in choosing an insurance plan with the right amount of coverage:

  • Type Of Vessel: When purchasing boat insurance, it is important to determine the type of vessel you want to insure and the insurance policy that will be suitable for it. Also, consider factors such as the age of your boat, its condition, whether it is used for primary residence, its function, ownership status and where it will operate i.e. ocean, lakes, bay or rivers.
  • Types Of Coverage: There are various types of insurance coverage options for boats like collision damage, property damage, injury and personal property. Depending upon your requirements, you can also choose from specialized coverage options such as Roadside Assistance, On-Water Towing, Total Loss Replacement, and more.
  • Coverage Value: It is the amount paid by the insurance agency if a claim is filed. The amount of coverage that you will receive depends upon type of insurance plan chosen, condition of boat, depreciation value, its usage and a number of other factors.
  • Amount To Pay: The total amount that you will have to pay for the boat insurance is calculated by the insurance provider based on numerous factors. It depends on the type of vessel you own, level of coverage, amount of deductibles, liability limits, the state you live in, etc.
  • Discounts: Most insurance companies offer discounts for factors such as no claims history, extra safety attachments, certification or training for driving a boat, etc. Ask the agents if you qualify for any discount. 
  • Claims: Before purchasing boat insurance, discuss the procedure of filing a claim in case of any mishap. Ask about the first point of contact, timeframe of reporting a damage, documents required for filing the claim, mode of filing a claim, etc.

Shawn Camp Insurance Agency, Inc. provides various coverage options for boat insurance. The company also offers progressive home insurance, auto insurance and motorcycle insurance to its customers. For further details on boat insurance, visit 2705 E. Stan Schlueter Loop, Suite 101, Killeen, TX - 76542. You can also call at (254) 526 – 0535.

Tags: ,

Mistakes To Avoid While Buying Boat Insurance

by Administrator 26. March 2019 06:05

Tags: ,