Spending time floating on your favorite lake or sailing the seas is quite the summer adventure, but it is one that requires protection. Owning a boat comes with responsibilities such as maintenance, learning to drive it safely, and, of course, purchasing insurance. You may be wondering “how much is boat insurance on average.” According to Mariners Insurance, the answer depends on several factors.
Owning a Driver’s License
Many people don’t realize this, but having a driver’s license is mandatory for operating a boat and required by maritime insurance companies. Your motor vehicle license must be in good standing, as your insurance company will check it for infractions before providing you with a policy.
Insurance companies want to know that providing you with coverage won’t be a high-risk situation for them. If you have previous experience driving a boat, or if you take safety courses that teach you more about the safe operation of them, you are more likely to get an affordable policy.
There are several other factors that determine how much you pay for boat insurance as well. Will anybody else is driving? Have you ever made a claim before? Do you have updated safety equipment onboard? Each of these is a factor that insurance providers consider as they write up your policy.
Be safe when you’re sailing this summer. Ensure you purchase a boating policy that helps to ensure your safety and the safety of those aboard before you set sail.