While some aspects of boat insurance resemble that of automobile insurance, watercraft is in a category of their own when it comes to insurance. If you have a boat or considering buying one and live in the Glendale, CA area, here are some boat insurance basics From VOI Insurance Solutions LLC that you should be aware of.

Consider Agreed Value Coverage

Like automobiles, boats can depreciate in value over time. This can leave you short of replacement value. Agreed Value Coverage allows you to predetermine the value of your boat should it be damaged or destroyed by a covered calamity. 

Determine Your Navigational Area

Only operate your boat in your determined navigational area. Operating your boat outside of these areas can place you and your boat at risk.

Fuel Spill and Wreckage Removal Coverage

If your boat should become damaged, leak fuel or even sink in the water, you could be liable for both the leak cleanup and wreckage removal. The fuel spill and wreckage removal provisions of your boat insurance policy can cover these expenses. 

Personal Effects

We often carry a significant amount of personal and valuable items on our boats. These can include sporting equipment, electronic equipment, cellphones, jewelry, and more. Check to make sure you have sufficient personal effects coverage for your property that you bring on board. 

Owning and operating a boat raises your risks in life. It exposes you to a whole new set of potential losses and liability claims. Take the time to make sure you have adequate coverage. The team at VOI Insurance Solutions LLC in Glendale, CA can help. Whether yours is a small fishing boat, a pontoon "party boat" or a large luxury yacht, we can help protect your interests. Contact us today for a no-obligation boat insurance quote today!