{"id":48,"date":"2021-12-13T04:00:00","date_gmt":"2021-12-13T10:00:00","guid":{"rendered":"https:\/\/www.smollerinsurance.com\/blog\/?p=48"},"modified":"2021-12-13T13:53:46","modified_gmt":"2021-12-13T19:53:46","slug":"wreckage-and-boat-insurance","status":"publish","type":"post","link":"https:\/\/www.smollerinsurance.com\/blog\/wreckage-and-boat-insurance\/","title":{"rendered":"Wreckage and Boat Insurance"},"content":{"rendered":"<p>Are you in the market for boat insurance? Speak to Smoller Insurance Agency serving the area of Boston, MA to find out more about the boat insurance options available to you.<\/p>\n<p>Boat insurance is there to protect your watercraft assets when homeowners insurance is no longer sufficient or suitable for protecting these types of investments. One of the risks of being a boat owner is having an accident, resulting in property damage and injury. &nbsp;Accidents can happen on the road while transporting your boat, while moored or while you are on the water with friends. If you are on the water, then sinking and wreckage are possible in the case of a severe accident.<\/p>\n<p>Boat or watercraft insurance covers two main areas, and these are loss and liability. You can insure your boat and its fixtures against accidental physical loss in one of three ways.<\/p>\n<ul>\n<li>Actual cash value &ndash; the cost of replacing or repairing your boat less depreciation<\/li>\n<li>Market Value &ndash; what it would sell for on the open market<\/li>\n<li>Replacement cash value &ndash; the cost of replacing or repairing your boat.<\/li>\n<\/ul>\n<p>Liability insurance provides financial protection if you are liable for the injury of a third party or their property. This may include when your boat is wrecked, &nbsp;causing environmental damage from fuel and oil leaks. Being legally liable for property damage and injury is expensive. Make sure you are covered.<\/p>\n<p>These two aspects of your insurance work together to cover you if your boat is accidentally wrecked. When reviewing or taking out a policy, it is worthwhile to check the terms for if your boat is wrecked or has to be salvaged, and it may require special equipment and cleaning efforts.<\/p>\n<p>Boat insurance is there to mitigate any loss you may suffer from an accident, so don&rsquo;t get caught in the wet! Take action and speak to Smoller Insurance Agency serving Boston, MA, today!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you in the market for boat insurance? Speak to Smoller Insurance Agency serving the area of Boston, MA to find out more about the boat insurance options available to you. Boat insurance is there to protect your watercraft assets when homeowners insurance is no longer sufficient or suitable for protecting these types of investments. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[13,14],"class_list":["post-48","post","type-post","status-publish","format-standard","hentry","category-boat-watercraft-insurance","tag-boston-ma","tag-smoller-insurance-agency"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.9 - aioseo.com -->\n\t<meta name=\"description\" content=\"Are you in the market for boat insurance? Speak to Smoller Insurance Agency serving the area of Boston, MA to find out more about the boat insurance options available to you. 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