Having to pay a deductible when you have a boat insurance claim could become a thing of the past with the new “Diminishing Deductible” program now offered with all BoatUS marine insurance policies. For every year a boater, sailor or angler remains claims-free, the program automatically discounts the policy’s hull coverage deductible 25% at renewal, until it reaches $0. And once it reaches $0, it stays that way as long as you remain claims-free. (Kindly note that “named storm” deductibles, which apply to hurricane areas, are not included.)
“This is another way we are trying to help boaters out in a tough economy,” said BoatUS Vice President of Marine Insurance Mike Pellerin.
For boaters on a tight budget, BoatUS has more ways to save on boat insurance:
Take a boating safety course free of charge and get a discount on your insurance premium: Most insurance companies offer a discount for completing a boating safety course, but finding one that fits your budget, schedule and that is located nearby can be hit or miss. Try taking the BoatUS Foundation’s free Online Boating Safety Course from the comfort of your own home. It allows you to start, stop and go back at any time, and it’s also recognized as boater certification in 31 states. BoatUS membership is not required. If you do prefer a classroom course, the BoatUS Courseline at www.BoatUS.com/courseline can show you where the next boating safety classes are being held in your area.
Try adjusting your boat insurance: Boats that have been owned and insured by one owner for a long period of time may want to consider reviewing and lowering the total value of your policy. Depending on your circumstances, you may even consider purchasing a liability-only insurance policy to save premium dollars.
For questions or a free quote, contact BoatUS Marine Insurance at 800-283-2883 or go online to www.BoatUS.com/Insurance .