When you are considering buying a new boat, or already have a boat, one of the key considerations that you must address is getting affordable boat insurance that will allow you to rest easy at night and not have to worry about your prized possession.
This is often easier said than done, because the cost of boats is such that, after your house (and possibly your car) it is probably the single biggest investment that you possess.
The size of your boat is definitely a factor in how easily you will be able to find boat insurance at an affordable rate, because you will often find that many boat insurance programs are designed to cover boats up to a certain length. This varies between providers, but make sure that in addition to any cost implications you also check if there are any size limitations.
Normally, a 'boat' will be classified as anything up to 26 feet in length, and above this level your boat would be officially classified as a yacht, and so you would have to get yacht insurance instead.
When you get a boat insurance quote you should check exactly what it covers you for, and tailor the cover to match your requirements. For example, if you do a lot of sailing in a region that is known to have pirates (more prevalent today than you might think), then you may well find that such areas are actually excluded from the policy. Hence it is important to check the policy documents so that you don't find yourself left out in the cold in the event of some unforeseen circumstances.
As with anything in the financial arena the best way to get started is to get some boat insurance quotes so that you can compare rates and exactly what is available.
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