| Collector Boat Insurance is essential for the classic or | | | | behind your vehicle, the trailer needs coverage. |
| antique boat enthusiast. Collector boat owners are | | | | Instead of buying a separate policy for the trailer, |
| among the safest, most conscientious boaters on the | | | | put the coverage on this policy as a rider and save |
| water. They deserve the most competitive rates, | | | | money.o Collision Coverage and Other than Collision |
| the most comprehensive insurance coverage and the | | | | (OTC) Coverage - this coverage takes care of your |
| best benefits available in the industry. | | | | classic boat if you run into something. OTC covers |
| What are Collector Boats? | | | | things like fire, smoke, windstorm, theft, lightning, hail, |
| They are usually wood hull boats, over 25 years old, | | | | animals and vandalism.o Increased limits on Liability - |
| that are meticulously maintained, hand built or | | | | Carry at least the same liability limits on the boat |
| restored. However, fiberglass or concrete hulls also | | | | policy as you have on your auto policy. Also look for |
| qualify. Power boats as well as sailboats can be | | | | "Liability Only" coverage if you do not wish to buy |
| classic boats. Also, new, "one-off" custom built boats | | | | Collision or Comprehensive coverage.o Uninsured |
| can qualify as a classic boat. | | | | watercraft - pays you if you have an accident with |
| Collector Boats can be:o Runaboutso Utilitieso | | | | an uninsured watercraft owned or operated by |
| Launches (including steam)o Skiffso Wooden canoeso | | | | another person.o Medical Payments - this is usually |
| Mono-hulled sailboatso Cruisers and trawlerso | | | | "good neighbor" insurance for injuries to others.o |
| Home-built or kit wooden boatso Excellent | | | | Broad Eligibility - some insurance companies exclude |
| reproductions of classic wooden boats | | | | certain models or types of boats.o "Restoration" |
| Here's what to look for in an insurance policy for | | | | coverage - whether you're restoring the craft |
| your Collector Boat:o Year Around Coverage - Many | | | | yourself or using a professional facility, make sure |
| Southern boaters cruise year-round. Look for | | | | you're covered in case of fire or theft with a Port |
| coverage that does not require a "lay-up" period.o | | | | Risk policy that can be incrementally increased as the |
| Agreed Value - Physical damage coverage amount | | | | project progresses. |
| that YOU set, not set by the insurance company.o | | | | Collector Boat insurers also offer a variety of |
| Wreck Removal - If your boat sinks, this coverage | | | | discounts, such as:o Multi-Unito Multi-Policyo Safety |
| pays for recovery.o Towing and Assistance - just like | | | | Courseo Prior Insuranceo Renewal discount for |
| towing for your car.o Personal Property coverage - | | | | maintaining continuous coverage |
| for skis, life jackets, etc.o Pollution Liability - This is | | | | You will also find a wide choice of deductibles and |
| very important coverage if you spill oil or gasoline into | | | | payment plans available. Choosing higher deductibles |
| a waterway. Cleanup could run into many thousands.o | | | | will lower your premiums. Flexible payment plans will |
| After-market and Electronics Equipment - some | | | | help you manage your budget. |
| policies don't cover aftermarket parts. Make sure | | | | By using these strategies, you'll have the best chance |
| yours does.o Hurricane protection.o Transport trailer | | | | at having fun cruising the waterways in your |
| coverage - If you're hauling your boat on a trailer | | | | Collector Boat! |