Refurbishing your boat or adding new accessories may require modifications to your boat insurance policy. Whether your boat is actively used or dry-docked on land, it is crucial to understand how increased coverage will protect you.
The Refurbishment Process
A boat refurbishment project can increase the overall value of your watercraft. Once the refurbishment is complete, your current boat insurance policy may not offer the level of protection needed. Before your boat is upgraded, obtain an estimate for the upgrades. Consider the value of the upgrades and then compare boat insurance products that provide protection for each upgrade.
New Boat Accessories
New accessories can enhance your boat’s safety and functionality. Whenever new accessories are installed in a watercraft, the overall use value of a boat changes. Consider the type of accessories you will be investing in and how often you will be using them. Then, review boat insurance products designed to provide the level of protection you need. New lights, navigational aids, deck trim, and other boat accessories can make your boat much more user-friendly.
You can choose which items to insure and how much coverage to provide for each accessory. If some items are only used occasionally, you may decide you don’t need to insure them throughout the year. You can choose temporary insurance coverage for them.
Contact An Insurance Agent in Bethlehem, NH
Contact one of our insurance representatives at The Washwick Agency. An agent will consult with you first. Then, they will review and modify your existing boat insurance policy.
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