What is boat trailer insurance?
Owning a sailing or motor boat is the dream of many individuals. Whether it's to enjoy it yourself or to rent it out, it's always a pleasure to own one.
However, this leads to taking on certain responsibilities that not everyone is ready to live up to. Some are ready to profit from their investment, but are not ready to prevent certain eventualities.
Just as you purchase insurance for your vehicles, it is also important to purchase insurance for your boats. Even if it seems like a waste to you, you need it badly because you never know what might happen.
As you know, there are several insurance contracts and the same is true here. In this article, you will have the opportunity to discover them.
The different boat insurance contracts
Among the various boat insurance contracts that exist, we can mention basic guaranteed insurance and multi-risk insurance. Each of these contracts involves a number of issues as follows.
The basic guarantee
In a simple way, we can say that this guarantee covers everything that concerns your civil liability. We do not want to, but it can happen that you cause damage to others with your boat. The fact of subscribing to this guarantee for your boat saves you many expenses. All this when the boat is on the water, of course.
The multi-risk guarantee
Here, the insurance company offers you broader guarantees. In the event of theft, or accidental accident, you are covered. Some people wonder what an accident has to do with a boat.
When you are in an area a little further away from a lake or river you want to navigate, you are forced to move your boat with the help of a trailer.
As a result, you are forced to take out insurance that protects you in the event of an accidental slippage and other incident. What if we were more interested in this aspect which is not often discussed?
Boat trailer insurance: the solution to have peace of mind at all levels
A trailer is a wheeled device that is attached to a vehicle to move an object, or goods or a boat in this case.
Since this device has wheels, it can happen that it derails and causes accidents or traffic damage. Boat trailer insurance is therefore a guarantee that covers you in the event that these disasters occur.
The guarantees of boat trailer insurance
Usually, this insurance is not compulsory, but under a certain condition.
That condition is the weight of the trailer. When this weight exceeds 750 kg, then this insurance becomes an obligation.
And when you subscribe, it covers you for civil liability whether the boat is on the water or not; and other risks like theft, fire, natural disasters, breakdowns while traveling and, etc.
How does boat trailer insurance work?
What we forget to tell you when purchasing this insurance is that boat trailer insurance works in two directions and it's up to you to choose which way you want it to take.
The first is that the insurance company covers damage caused to others while using the trailer.
The second is that the insurance also covers damage to the boat's trailer. The company then commits to the cost of repairing the boat, for example in the event of a claim. Either way, it's up to you to notify it before signing the contract.
How much does boat trailer insurance cost?
The price of boat trailer insurance varies from one insurance company to another.
In addition, it depends on the risks covered, and the weight of the trailer. Basically, there are several aspects that are taken into account in determining how much your subscription will cost you. But we can conclude that the price varies on average between 20 and 30 euros per month.
To find out, all you need to do is go online and request a quote through one of the many comparison sites.
The offers are numerous: we must be vigilant
To be able to take out boat trailer insurance, you will necessarily have to contact an insurance company that offers this type of contract.
But without being vigilant, you can quickly take out a contract that is not necessarily the best suited to you in terms of price and guarantees.
It is for this reason that the comparison sites above are offered to you. However, take the trouble to understand the guarantees and coverages available to you before making a decision.
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