FREQUENTLY ASKED QUESTIONS

HOW MUCH SHOULD I INSURE MY BOAT FOR?

Underwriters will insure your boat for the current market, but not to exceed your financial interest.

WHAT IS AN AGREED VALUE POLICY?

This means the vessel is insured for an amount that is agreed upon by both the underwriter and insured.

HOW SHOULD I PREPARE MY VESSEL FOR A HURRICANE?

Insurance companies are looking for insured's to make their best efforts to secure their vessel at least 72 hours before a storm hits. You most likely completed a hurricane plan at the beginning of your policy period. It is best to review those plans and take every precaution necessary. (LINK)

HOW DO I FILE A CLAIM?

The quickest and most efficient way to report a claim is calling the claim phone # which should be listed at the beginning or end of your policy. However, we are here to help! Please give us a call ASAP to start the claim process. Remember, your policy requires you to report claims within 30 days of the incident!

WHAT FACTORS AFFECT MY PREMIUM?

Many factors are considered when the insurance company rates your premium. The main cost-drivers are the insured's boating & ownership experience, age & value of the boat, mooring location, and the usage.

DOES MY BOAT NEED A SURVEY?

Every insurance company has different survey requirements. Generally, boats 10 years or older are required to obtain a full out-of-water survey done by a NAMS or SAMS accredited surveyor. Surveys show the insurance company the detailed condition of the vessel as well as the current market value.

HOW LONG DOES IT TAKE TO BIND?

Depending on the company, we can sometimes obtain a formal binder within a day. Some companies however, take up to 3 business days. As long as we have ALL the info upfront, things will run quickly and smoothly!