Insurance Blog
Monday, 26 June 2017 15:08

Boat Insurance Keeps You Afloat!

boating

Make sure You Have Boat Insurance to Weather Any Storm

If you enjoy fishing, sailing, yachting, or cruising around on a powerboat, make sure you have boat insurance that covers your liability risk as well as your watercraft, equipment, and passengers. Perhaps you have a beach or lake cabin and like to tow water skiers or tubing enthusiasts. Maybe you have the party boat and every Fourth of July you load up your vessel with guests, food, and libations.

Water activities are a great way to bring people together, but it is important to remember that accidents, injuries and fatalities do happen, especially when alcohol is involved. To get the right coverage that will protect your financial investment, work with one of our Baldwin / Welsh & Parker agents. Your local agent knows the risks and regulations and can help ensure that you are fully covered when you head out on the water.

Critical Steps for Boating Safety

  • Take a boating safety course
  • Educate your passengers on safe boating techniques
  • Make sure all passengers wear life vests
  • Follow all rules of the waterway you frequent
  • Stay sober, particularly if you are at the helm
  • Get boat insurance to ensure you are protected for the risks involved in boating, from liability claims to theft, storm damage and capsizing 

 

What Does Boat Insurance Cover?

The exact boat coverage you need depends on multiple factors. Small boat insurance is very different from yacht insurance, for example. However, for most types of boats, the three kinds of coverage in a basic boat insurance policy include:

  • Bodily injury liability for expenses related to the injury of another person
  • Property damage liability for expenses related to harming another person’s property
  • Physical damage for damage to your own property, including your boat and trailer

 

You also may want to add additional types of coverage to your boat insurance policy in order to fully protect yourself and your property. Here are some examples of additional coverage:

  • Property coverage for equipment such as tools, life preservers, anchors, and oars
  • Insurance for fishing equipment like your rods, lures, nets, and tackle
  • Towing coverage when your boat becomes disabled and needs servicing
  • Medical payments coverage for hospital and funeral expenses for you or your passengers
  • Uninsured/underinsured boaters coverage if you have an accident with another boater whose insurance is not sufficient to cover damages 

 

As with all insurance, the amount of benefit or reimbursement you have in the event of an incident is set at the time you buy your policy. Be sure to talk with an experienced independent agent who can make sure you have sufficient insurance for the risks you encounter. 

 

What Kinds of Boats Need to Be Insured? 

You can insure just about any kind of vessel, whether you have a yacht, speed boat or personal watercraft (PWC) like a JetSki. Every type of boat has the potential to be stolen or damaged, and can be involved in an incident that results in harm to another person or their property. Even if your boat is docked or stored in your garage, it can potentially be vandalized, damaged in a fire or storm, or stolen.

Many owners of small watercraft such as canoes, rafts and kayaks assume they will be covered under a homeowners or renters policy. This may be the case, up to a specified limit in your home policy. However, when it’s time to make a claim, you don’t want to be surprised to find out that this limit is not adequate to cover the value of your investment.

Be sure to consider the amount of coverage you would need to repair or replace each of your boats and recreational vehicles if damaged or stolen and ask your agent to help you get the right coverage for those items.

Call Us!

Our Baldwin / Welsh & Parker local independent can provide personalized assistance and quotes. Your agent can also look for discounts, such as multi-policy discounts and premium reductions if you have taken a boater safety course. Call us today and get the help and advice you need so you are prepared for your next adventure.

american flag 2a 

From Trusted Choice

According to the US Consumer Product Safety Commission, 60% of all fireworks injuries occur around July 4th.Many communities smartly celebrate the Fourth of July with firework shows. These are managed by professionals and executed under controlled circumstances, allowing for the safe enjoyment of the show by the public .However, lots of people also celebrate Independence Day with fireworks at private events, like backyard barbecues, picnics and beach parties.As much fun as these light shows are, please remember these explosive devices must be handled with care.

 

The National Council on Fireworks Safety offers the following tips for safe use of fireworks:

  1. Know your fireworks; Read the warning labels and performance descriptions before igniting.
  2. Have a designated shooter to organize and shoot your family show.
  3. Alcohol and fireworks do not mix. Save your alcohol for after the show.
  4. Parents and caretakers should always closely supervise teens if they are using fireworks.
  5. Parents should not allow young children to handle or use fireworks.
  6. Fireworks should only be used outdoors.
  7. Always have water ready if you are shooting fireworks.
  8. Obey local laws. If fireworks are not legal where you live, do not use them.
  9. Wear safety glasses whenever using fireworks.
  10. Never relight a “dud” firework. Wait 20 minutes and then soak it in a bucket of water.
  11. Soak spent fireworks with water before placing them in an outdoor garbage can.
  12. Never attempt to alter or modify consumer fireworks and use them only in the manner in which they were intended.
  13. Report illegal explosives, like M-80s and quarter sticks, to the fire or police department.

 

The quickest way to ruin your holiday is to have a friend or family member injured by a mistake with something as volatile as fireworks. You also want to make sure that you’re minimizing the risk to buildings and cars in the area where you celebrate, as mishandled fireworks pose an obvious fire risk. Make sure if you’re using fireworks you’ve got lots of clear space away from houses, garages, etc. Make sure you understand the risks you face if you’re using fireworks as part of your holiday celebration and please follow these safety instructions.

We wish everyone a happy and safe 4th of July!

 

Additional information:

US Consumer Product Safety Commission

National Council of Fireworks Safety

Pick pocket

Your summer and vacation plans will be the best ever - especially if you follow the checklist below! Remember to contact your Baldwin / Welsh & Parker agent for questions regarding insurance coverage for your vacation home, rental property, boat, or rental car. Here are 9 of the best quick tips we have found to keep you and your loved ones secure and safe!

Before You Leave

  1. Scan important travel documents and store them in a secure online repository. In the event that your information is lost or stolen, using an online repository allows you to easily access copies of your passport, drivers license, visa, and any other vital identification from anywhere in the world. Remember to do this for every person traveling with you, including children.
  2. Register in the Smart Traveler Enrollment Program. Visit https://step.state.gov/step/ to enroll in STEP, which provides comprehensive traveler information, including travel alerts and restrictions; information on visas or vaccinations; crime and stability update; road conditions; laws of the country you're visiting; and consular contact information.
  3. Take only what you need. Chances are that you will not be writing checks; leave these and any extra debit cards or credit cards that you will not be using at home. This will decrease the amount of institutions you will need to contact if they are lost and decreases the damage criminals can wreak on your accounts. 
  4. Put mail on "postal hold" while you're gone. Go to your local post office or do it online at https://holdmail.usps.com/holdmail/
  5. Make your home look lived-in. Arrange for friends or family you trust to pick-up newspapers, mail, and advertisement flyers in order to avoid drawing attention to your home. This will reduce the risk of break-ins which may result in the loss of valuables, including your identity.

While you are traveling

  1. Carry valuables safely. Your valuables and identification are a mere swipe away from a purse-snatcher or pickpocket. Money belts kept under clothing are the safest. For stowing cash, credit cards and identification, inside pockets and sturdy shoulder bags with straps across the chest are much better than handbags, fanny packs or outside pockets.
  2. Use the hotel safe. Place your cash, credit cards and especially your passport and all identification documents in the safe whenever they are not in use.
  3. Take caution with public computers and Wi-Fi. If possible, avoid using public computers to access anything sensitive, such as conducting online banking, making purchases, or accessing email accounts. These computers could potentially have malware that is designed to capture the information you have entered. Avoid these same activities when using a public Wi-Fi connection as the information can easily be captured by criminals on the same connection. Make sure to use an encrypted Internet connection whenever you go online.
  4. Be aware of social media updates. We all like to share photos online with our family and friends as we are traveling. However, when you tell people where you are, you are also telling them where you aren't - at home. Criminals use this information to gain access to your home, which contains your valuables, including your identification.

Click here for more travel tips.

Excerpt from Fraud Smarts, by Daniel Szabo. A practical how-to guide to help everyone stay safe to avoid the latest scams and prevent identity theft. With hundreds of easy to follow tips, this guide is designed as a go-to resource for consumers, teenagers, college students, families, senior citizens and small businesses. This book also provides a complete list of resources and support for victims of fraud.  

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Hudson, MA - 978-562-5652

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