When you’re passing the summer months by spending time out on the water in your boat, the last thing you’re thinking about is the rate you pay for boat insurance. But it’s worth devoting a little bit of thinking about your insurance rate — in between your thoughts of water skiing and fishing. It’s often possible to reduce your boat insurance premium with a little work or a short conversation with your insurance agent. Setting aside a little time now to address this issue will get it resolved and you’ll be back to enjoying the summer rays before long. Here are three ways to accomplish this goal.
Complete A Training Course
There are many accredited marine training courses online that will improve your skill as a boater and reduce your insurance premium. Before enrolling, it’s best to reach out to your insurance agent to see if there are certain programs that the insurance company holds particularly in high esteem. Whether you take an in-person course in your city or opt for online training, getting certified is a simple way that you can lower your insurance premium. After all, you’ll be a safer boater on the water.
Secure Your Boat
Just as a home or auto security system can lower your insurance rate in those two areas, taking steps to make your boat more secure is a viable way to lower your boat insurance. Boat owners have multiple choices when it comes to making their boats more secure. You can invest in an alarm system that provides a theft deterrent whether your boat is moored at the local marina or stored on a trainer in your driveway. The alarm system should also have a GPS function that allows you to track your boat in the event it’s stolen. Additionally, buying an anti-theft nut for your propeller is a simple way to make your boat more secure.
Group Your Policies
If your boat insurance is on a separate insurance policy than your home and auto insurance, bundling the different policies together is an effective way to save money. Talk to your insurance agent about the savings you’d experience by bringing your home and car onto your boat policy. An added benefit is that this strategy requires little legwork on your behalf, unlike taking a training course or having a security system installed. Additionally, you’ll find it simpler to pay just one insurance bill per month.
Complete A Training Course
There are many accredited marine training courses online that will improve your skill as a boater and reduce your insurance premium. Before enrolling, it’s best to reach out to your insurance agent to see if there are certain programs that the insurance company holds particularly in high esteem. Whether you take an in-person course in your city or opt for online training, getting certified is a simple way that you can lower your insurance premium. After all, you’ll be a safer boater on the water.
Secure Your Boat
Just as a home or auto security system can lower your insurance rate in those two areas, taking steps to make your boat more secure is a viable way to lower your boat insurance. Boat owners have multiple choices when it comes to making their boats more secure. You can invest in an alarm system that provides a theft deterrent whether your boat is moored at the local marina or stored on a trainer in your driveway. The alarm system should also have a GPS function that allows you to track your boat in the event it’s stolen. Additionally, buying an anti-theft nut for your propeller is a simple way to make your boat more secure.
Group Your Policies
If your boat insurance is on a separate insurance policy than your home and auto insurance, bundling the different policies together is an effective way to save money. Talk to your insurance agent about the savings you’d experience by bringing your home and car onto your boat policy. An added benefit is that this strategy requires little legwork on your behalf, unlike taking a training course or having a security system installed. Additionally, you’ll find it simpler to pay just one insurance bill per month.
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