If you are a classic stuff collector, such as an antique boat, you may think that guaranteeing the protection of your collection is a matter. It is all done to maintain its value from any sudden possibilities. Therefore, insurance is the best solution for its coverage. In this article, we will discuss how antique boat insurance works.
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What is Antique Boat Insurance?
People who come to the insurance company and register for their old items collection are now such common things. This includes some marine enthusiasts who are concerned a lot about their antique boat insurance. Then, how does this insurance work and why is it important?
When it comes to antique boat, it covers the classic and vintage types as well. Whether they are used operationally or in the collection only, their protection comes first to maintain authenticity.
Since the insurance of these antique boats are vital, then how to find the best one? It is all listed below to help you insure yours very soon.
The Coverage of Antique Boat Insurance
Before finding out the companies that offer antique boat insurance the best, let’s learn how its coverage works in general. Since it is antique, most boats that can be insured are above 2 decades old. When it gets older, then it is more valuable.
In addition, as other insurances work, this insurance also covers antique boats from any possible risks, such as natural disasters and theft. This also includes liability for physical harm or property damage due to your antique boat.
For your information, once your boat is insured, sometimes the company will give you several requirements. These are all about the operational system of your boat, or if it is a collection, they require you to place and pose it in a certain manner.
Finally, the thing that now should be your concern is how to get the best company with suitable premiums. Since the fixation involves a lot of consideration, then make sure that the quotes offered match your antique boat’s current situation.
5 Companies with Antique Boat Insurance
Learning how antique boat insurance works is not everything if you miss what are the companies that serve it best. The listed companies below have proven their best services according to many aspects. However, you still have to evaluate, compare and discuss each company before making a final decision.
1. AB Philips
What makes AB Philips come first on the list is because of their wide relations. For your information, the antique boat insurance offered by them has qualified already since they have associated with Nautilus Marine. Their long-term association builds trusted and credible insurance schemes among all antique boat insurers.
If you want to purchase insurance under AB Philips, make sure you have learned all aspects of their coverage. For example, their coverage includes the possibility to choose a repairman once the damage happens to your boat. Then, they also offer automatic protection for any personal accident up to 50%.
Additionally, if you check AB Philips’s official site, it is possible for you to get an instant quote. Once you click the quote button on the homepage, you will be directed to the registration form page.
The data that you need to fill out includes your personal data, vehicle details that you will insure, and the type of insurance you prefer to choose.
2. Safeco Insurance
Do you have many kinds of antique boats? Do not worry, Safeco Insurance comes to the rescue. What makes Safeco become everyone’s favorite is the fact that they are open for every type of boat. This will definitely make the process of your antique boat insurance easier.
Regardless if it is a wooden or classic fiberglass boat, you can ask for a quote from them. Additionally, various discounts are also available for certain circumstances. For instance, when you have completed boating safety courses by the U.S Power Squadron or Coast Guard Auxiliary, the premiums will be discounted by up to 15%.
3. Gowrie Group
Gowrie Group fully realizes that any type of antique boat is precious sights and a huge investment to maintain its protection. Since then, this insurer is intelligible for the best company of antique boat insurance.
As mentioned earlier, Gowrie Group welcomes every type of boat. You may insure cruising boats, powerboats, personal watercraft, sportfish and even luxury yachts are possible to be under their long-term protection.
Gowrie Group is also available for instant quote. You just need to click the ‘Request Quote’ button at the top right corner of the site. Then, the system will show you the registration page which consists of 3 main steps, including your personal data and the details of your boat.
4. BoatUS
Due to its association with Geico, BoatUS is now formed into one of the best antique boat insurance companies, especially for marine vehicles. Their unique tagline which says ‘Making Boating Better, Together’ strongly represents how well their collaboration occurs.
BoatUS and Geico insurance services are divided into three, including agreed hull value, actual cash value and liability only. In addition, they also provide custom add-on coverage options, such as dock contract liability, lower electronic deductible, and trailer coverage with roadside assistance.
Online quote is also available with three primary data needed, starting from email, name to zip code. Finally, BoatUS and Geico also have some specific boat requirements to insure. They will not accept insurance applications for homemade boats, boats with lengths over 50 feets, houseboats over 15 years old, and more.
5. RV America Insurance
Quoted from its official site, RV America Insurance also represents Hagerty, as the best boat collector insurance. An antique boat insurance offered by RV America is available for boats in particular circumstances. Those include classic non-wooden boats which are above 1 decade old with 18 feet of minimum length.
Additionally, their coverage includes many aspects, such as liability, fishing equipment, total loss replacement, and more. The coverage offered is the same for any marine vehicle, starting from fishing boat, mega yacht, pleasure boats, and performance boats.
Which Antique Boat Insurance Will You Purchase?
Having an antique collection such as a boat is obviously a long-term investment. Therefore, you need to make sure of its value, quality, and long-term coverage. Hopefully, antique boat insurance can be the best solution for you to protect your precious one.