Crazy Boating Accidents
Despite taking precautions, being aware of boating safety and preparing for disaster, unexpected can things happen on the water. Very unexpected things! These strange tales will leave you running to grab a life jacket and check your boat insurance policy.
Post Sandy: Boat Insurance Claims & Clean Up
After Hurricane Sandy hit in late October 2012 the immediate news coverage talked about the record damage to the boating industry, with losses and insurance claims for US recreational boats alone amounting to more than $650 million.
Recent news stories are tallying the cost and time involved in cleaning up the coast, which is taking much longer than anticipated.
Mega Storms Impact Boat Insurance Costs
Boat Insurance Costs – Mega Storm Impact One of the biggest – and perhaps most important – decisions that you will make with regard to your boat is to obtain a comprehensive insurance policy. Since several mega storms have occurred in the past few years, insurance costs have gone up. It is important to have […]
Mild Winter Boating Weather
If you live in a northern region, your outdoor activities are likely limited by the onset of cold winter weather. Try as we might, boats simply do not travel well on frozen lakes and rivers. However, surprising mild winters and the ability to set your sails toward a tropical destination can extend your boating season […]
Global Marine Insurance: Boating Industry Growth
In today’s economy, many industries and companies are forecasting financial losses. Some have entered 2013 with the goal of maintaining enough profit to keep their company or industry functioning. It is difficult to find an industry with a trend toward positive growth and expansion. The boating industry, however, continues to be a profitable and growing […]
Global Marine Insurance: Mercury Marine Expands
Mercury Marine is known as an industry leader in the world of recreational marine power. The company was founded in 1939 and since its inception has been building, engineering, and manufacturing the most powerful marine outboards in the world. Mercury Marine maintains a global headquarters in Fond du Lac, Wisconsin, and employs more than 4100 […]
Global Marine Insurance: Breaking Maritime Laws Causes Fatal Boating Accidents
The state could also make a case against your for being a reckless boat driver, driving under the influence of alcohol, or being grossly negligent. Most boat insurance companies will not cover loss or damages for a boater who is guilty of negligence, driving while intoxicated or operating the boat in an unsafe manner.
Global Marine Insurance: Filing a Float Plan Could Save Your Life
Whether you are in a kayak, canoe or powerboat, if you leave land you need a float plan so that if something goes wrong on the water someone will know to look for you. Think of it as your insurance against the worst-case scenario. Regardless of how much boat insurance you carry on your vessel it cannot help you while an emergency is taking place, but filing a float plan can.
Global Marine Insurance: Boating Safety for Kids
Teaching your kids boating safety could one day save their life and like good boat insurance will likely reduce your stress while on the water. To help with this, we have compiled some handy tips for teaching kids all about boat safety. If you would like additional resources visit www.boatsafe.com/kids for fun games and trivia.
Global Marine Insurance: Christmas List = New Boat
Dealership accountants try to minimize taxes by paying bills and removing non-current inventory on their financial books near the end of each year. Even boat dealers who do not have any taxes to pay are more desperate for sales at this time in hopes of meeting their financial obligations such as payroll and rent. All these conditions result in a willingness to often make great consumer deals. Before buying a boat, remember to obtain some boat insurance quotes. You will want to make sure a boat insurance policy is set up before bringing your new boat home just in case it sustains any damage during transit.