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Boat owners usually lull themselves into complacency by believing that nothing could possibly happen to their boats once they are out of the water. With this mentality, it seems only logical to cancel your boat insurance policy during this time.There are many issues to consider when insuring a recreational boat. Many people view boating as a fun sport and don't consider there to be enough risks associated with boating to make insuring the boat very important.
Insurance on a boat is similar to insurance on an automobile. There is coverage for your boat, coverage for the liability you have for persons in your boat as well as others who light be damaged by your boat or your actions regarding your boat. And, just like your car, the premiums are dependent on the dollar value of the coverage limits that you select.
Have a safe and fun time on the water this year!
Good Luck..!!!
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