You don't
believe in the Loch Ness Monster. You don’t believe your friend caught Jaws
fishing off the Florida
coast. So why do most boaters believe boat insurance covers them wherever they
go?
Progressive
surveyed more than 1,000 boat owners. It uncovered a few insurance myths
floating around. Here's a sample of the findings and the facts behind each:
Myth: Everyone pays more for insurance
because of the hurricanes from a couple of years ago.
Reality:
Even though it’s
believed by 74 percent of respondents, it isn’t true. Boat insurers generally
price policies based on claims in each state. For example, Ohio
customers won't pay more for insurance because of hurricanes in Florida .
Myth: Boat insurance covers me anywhere
I decide to go boating.
Reality:
Seventy-six
percent of respondents believed this one. The reality is some insurers only
provide coverage where the boat is used most. Insurers may limit coverage to
100 nautical miles of your home port. Progressive provides coverage virtually
anywhere you decide to go in the continental U.S.
and Canada .
Myth: I’ll get a better insurance rate
if I buy from the same company that insures my home or car.
Reality:
Buying more than
one product from the same insurance company doesn't mean you get the best rate
– even though 45 percent of respondents thought so. Boaters can save by
shopping around and combining specialized policies from different companies.
"It’s
important to understand what’s available," said Dominic Mediate of
Progressive. "You want to be properly protected in case your boat is
stolen, you get into an accident or contents are damaged. We’re separating fact
from fiction so boaters can make the best insurance decisions possible."
For more information about boat insurance with Hawkins Insurance, visit www.ryaninsuresme.com or call us at 832.554.7388.
Hawkins
Insurance & Financial Services Group
Office: 2600 South Shore Blvd., Ste 300, League City,
TX 77573
Mailing: PO Box 1140, Friendswood, TX 77549
Office:
(832)554-7388 | Mobile: (832)541-7388 | Fax: (800) 794-9150
Email: ryan@ryaninsuresme.com
Company Website:
www.ryaninsuresme.com
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