American Central Insurance Services 3300 Hedley Road Springfield , Illinois 62711 Phone: (217) 698-9000 Fax: (217) 698-9898

Smooth Sailing: Boat Insurance

Need Insurance for Your Boat? Click here to get a quote for Boat InsuranceIs there any better place to spend a sunny summer day than on the water? Illinois boat lovers would certainly say no. Whether you favor the zippy momentum of a power boat, the serenity of sailing, or even the exhilarating freedom of a jet ski, there's a refreshing quality to water-centered recreation that ensures its perennial popularity. On the water, one's worries seem to quite literally float away...until something goes amiss, and you think, "Uh-oh, am I properly insured?"

Like cars, boats are vulnerable to all manner of mishaps. Therefore, they should always be insured. As a boat owner, you can take two different routes when it comes to insurance:

If you do require a separate policy for your boat, another thing to consider is the type of policy you want. Boat owners can choose from two different types: Agreed Value Policy With this type of policy, you and your insurance provider mutually agree on your boat's value. For example, if you agree that your boat is worth $20,000 at the time you obtain the policy, you will receive up to $20,000 to cover the cost of that boat should it be damaged or stolen, even five years down the road.Actual Value Policy In this case, you as the policyholder will pay somewhat lower insurance premiums. However, the insurance provider will consider depreciation should you file any claims, and pay the actual cash value of the boat at any given time.

Also, every boat insurance policy should have three main components:

When you're ready to shop for a boat insurance policy, contact American Central Insurance Services.

Haven't committed to buying your own boat yet? When you rent a boat or water sport vehicle, always verify the owner has boat rental insurance. While it isn't a requirement, a reputable renter will carry boat rental insurance to protect both the property and the people who use it.

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American Central Insurance Services -  3300 Hedley Road  Springfield, Illinois 62711 -  Phone: (217) 698-9000 - Fax: (217) 698-9898 - Toll Free: (877) 698-2247

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