Boating is among the favorite activities for those who love the water and the outdoors. However, it is imperative to practice safe boating as insurance providers take safety extremely seriously and often financially reward boat insurance policyholders who have demonstrated themselves to be responsible boat owners/operators. According to the insurance professionals at Birdsong Agency Inc. in Snellville, GA, safe boating practices have the potential to impact your coverage and costs.
How Safe Boating Practices Affect Your Coverage
Many insurance companies offer premium discounts to boaters who complete boating safety or certification courses/programs. These courses teach important safety practices and navigation rules. Completing these programs can lead to lower insurance premiums, as underwriters view trained boaters as reduced insurance risks. In addition, safe practices on the water reduce the risk of an accident and, therefore, a claim. Over time, reduced claims may positively impact one’s insurance rates.
Insurance companies may set forth specific boat insurance eligibility requirements. Although policies differ, most require that the insured meet minimum safety standards with regard to functional safety equipment (i.e., life jackets, navigation lights, fire extinguishers, etc.).
Maintenance & Inspections
Regular maintenance and inspections of your boat enhance safety and reduce the risk of accidents. Insurers may ask about your maintenance practices when underwriting your boat insurance policy.
The locations in which you navigate may impact coverage availability and rates for those who navigate in higher-risk areas, e.g., heavy boat traffic, prone to storms, etc.
Contact Us Today
Overall, practicing safe boating habits not only enhances your safety but can also lead to more favorable insurance coverage and rates. If you are shopping for boat insurance, contact us at Birdsong Agency Inc. serving the greater Snellville, GA community today!