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Optimal Watercraft Insurance Policies That Cover Your Needs
At Collum Insurance Group LLC, we offer boat policies that cover a wide range of equipment types, which we refer to as watercraft insurance. This kind of insurance safeguards an array of watercraft, including boats up to yacht length, jet skis, Sea-Doos, and other floating devices.
Articulating Your Watercraft Policy
You can conveniently insure all your watercraft under a single policy, regardless of whether some are dry-docked in Richardson, TX, and others are moored at Lake Lewisville. This strategy can save you time and money because you don’t need to obtain separate insurance policies for each. Instead, compile a list of every watercraft you aim to insure, including their Hull Identification Number (HIN) and Engine Identification Number (EIN). These numbers perform the same function as a Vehicle Identification Number (VIN) on an automobile or motorcycle.
Collaborating With Your Insurance Agent
Present this comprehensive list to your insurance agent. Make it clear to them that you want a watercraft policy that ensures coverage for all items on your list. This implies your speedboat and personal watercraft, such as jet skis and Sea-Doos, enjoy coverage under the same policy. A single policy simplifies the record-keeping process, and it could potentially lower your premiums.
Including Endorsements
Enhance your watercraft insurance by adding endorsements. Essentially, endorsement infers an add-on or scheduled item covering a specific watercraft item. Typically, this item doesn’t come as a standard with a boat or personal craft, prompting the owner to buy it separately. Examples of common endorsements include radar systems for fishing and custom storage on a houseboat. Contact Collum Insurance Group LLC, serving Richardson, TX, to frame your watercraft policy today.