BOAT INSURANCE

Boat insurance policies are designed to offer protection against a number of risks of owning and operating your boat, its motor, and the trailer. Moreover, boat insurance policy also offers protection against medical payments and liability lawsuits. There are a number of boat insurance companies in India to buy boat or yacht insurance from.

Boat insurance policy basically provides replacement cost coverage on repairs. Under boat insurance policy, total loss claims are settled on an agreed value basis, which means you will be reimbursed on the basis of your policy coverage limits.

Boat insurance policy in India covers physical damages. It is a must to buy boat insurance to secure your boat against damage and loss caused by common risks, such as sinking, storms, fire, collision and theft. Physic damage under boat insurance policy generally covers the boat motor(s), boat hull, the boat trailer if requested and described boat equipment. You can easily purchase boat insurance online by simply availing quotes.