If you are one of the lucky ones to own a sailboat, then insurance is something that should definitely be on the cards for you. Sailboats are rather complex travel modes and often the insurance related to them can be quite different when compared to average boat insurance scheme. When you are investing in sailboat insurance, a few major things it has to cover are fuel spills and oil leaks. You will definitely need insurance for hull damage as this is a vital part of your boat.

Other elements of a sailboat that need looking into are the sails, anchors as well as the rigging and all the onboard electronics and the furniture that you may consider worth insuring. Your policy should also cover personal injury as well as liability in the case of damaging property that belongs to others or any other water crafts or docks that you may come to rest at.

When you apply for insurance, one of the first things that will happen is a survey or an inspection of your sailboat. If this is conducted at the time of purchasing the boat, then you will be in a better position. Boats can account for a massive investment and you will require the services of a professional surveyor who can alert you to damages that pre-exist or to repairs that you need to get done, before you go in for insurance.

Once you are done with the inspections and have purchased the boat, go about getting insurance for it just the way you would with your car. Shop around for the various kinds of policies and get quotes from a number of organizations. Of course you will have to check into the credentials of the companies that you are narrowing down on.

Some of the aspects you can consider are getting an all risk policy that cover just about anything except a few aspects that are clearly outlined in the policy. Some of these exclusions are what you can typically expect like wear and tear, defects in the manufacturing process, get damaged from ice or just plain freezing over.

When insuring your boat, go for something that will give you the money to replace the boat with a similar quality and kind. This is called the “Agreed Value” coverage. Should something drastic happen to your sailboat, you will be reimbursed the full value. Do not go in for Actual Cash Value Coverage as this will give you the current depreciated value for your boat.

Welcome to American marine insurance, We are the leading sailboat insurance providers across nationwide and around the world. American Marine Insurance bring over 35 years marine experience ranging from private pleasure yachts to houseboat insurance to long distance extended navigation. The most important assets of American Marine Insurance are each and every client we insure. Servicing our customer base is our primary purpose and each of our agents and our customer service staff are dedicated to that principle.

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