Collision Boat Insurance Basics: Guide To Policy Exclusions & Limitations 2023

Collision Boat Insurance Basics: Guide To Policy Exclusions & Limitations 2023, updated 12/6/23, 11:30 AM

In the event of a total loss, you need reassurance that your insurance company will pay out! Marine Insurance Now explains the basics of salvage value and total loss criteria so you can make sure you're covered! Learn more at https://marineinsurancenow.com/collision-boat-insurance-what-you-need-to-know/

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Collision Boat Insurance Basics: Guide To Policy
Exclusions & Limitations 2023
You've just forked out thousands of dollars
on a brand-new boat and the last thing you
want is for it to be declared a total loss!
Accidents happen and, if you're
not adequately covered, you
could find yourself without a boat
within weeks.
When the cost of repairs
exceeds the market value of
your vessel, you could be up
the creek!
With its latest guide, Marine Insurance Now
explains the criteria relating to total loss,
helping you to make more informed decisions
on which collision coverage is right for you.
The guide explains the term salvage
value as the monetary value of your
vessel after it has been damaged or
declared a total loss.
“Understanding the salvage
value of your boat can help you
make informed decisions about
whether to repair or replace it
after a collision,” the experts
explain.
Learn more at
https://marineinsurancenow.com/coll
ision-boat-insurance-what-you-
need-to-know/
Read the full guide today!