House boating is an integral part of the lifestyles of several families in the US. Ideally, house boats should be insured against as many probable mishaps as possible. Insurance may also be required by a financing company if the house boat is being purchased on loan. Some marinas may dock only insured boats. There are several insurance companies that offer comprehensive coverage at competitive premiums.
The value of the hull is the most important factor considered while deciding the value of the house boat. Other factors influencing the insurance cost include the age, length, and current state of the boat. Risks related to location also affect the insurance costs. As the deductible increases, the premium drops. It may be beneficial to take help from a marine agent who knows the salient features of the several house boat insurance programs and the variables that need to be factored. A few house boat insurance options are given below.
- Roadside assistance: The cost of towing the boat is covered under this insurance.
- Towing: This helps in covering the cost of towing the vehicle on water.
- Uninsured boater: Useful for covering damages one may suffer in an accident with an uninsured boater.
- Fuel spill liability: It covers the cost of fines and cleaning up operations subsequent to a fuel spill by a boat owner.
- Wreckage removal: In the event of a major mishap, this insurance covers the cost of clearing the wreckage.
- Personal effects: This insurance helps to cover the cost of lost or damaged personal items that may be of significant value.
- Fishing equipment: House boat owners often misplace and lose expensive rods, reels, and baits. This insurance covers these articles.
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