If something is precious to you, then it is worth insuring right from the moment that you acquire it. Everything from vehicles and houses to life insurance for your family is worth “insuring”. The painting you inherit from Aunt Dorothy or the antique car that was passed down from your grandfather. Obvious things like your home and your car should be insured as soon as the deal is done, the papers are signed, or the escrow closes. When you buy that boat, wooden or fiberglass or steel hull or whatever, that you have been dreaming of all your life, you purchase marine insurance immediately before the transfer is even made into your hands. You’ve started a small business, or a large one, insurance should be one of the first things you consider as you put your business plan together.
Boat insurance is a very unique type of insurance in that you must make sure your coverage properly reflects the actual value of your boat. It takes a very experienced broker to write these policies properly to make sure that you are covered not only for any possible damage, but that you also get the full value for your boat.
You can even purchase gap insurance if for any reason one policy that covers you for auto, homeowner’s health, marine (boat), or any other kind of protection of an asset should expire or if perhaps the company you are insured with has difficulties, to give you the time to look around for another company to replace the one you lost. Compare Insurance Quality can compare quality and cost and find you the best deal to closet he gap until you are fully insured once more.