摘要: |
Your commercial hull policy provides coverage for more than just your hull. It may extend coverage to the hull, tackle, apparel, engines, boilers, machinery, appurtenances, equipment, stores, boats and furniture. But what happens when you have a claim involving any one of these items? If the claim is covered, you have to pay the deductible first. Depending on the amount of hull coverage you have, this can be rather sizable and may exceed the value of the damage. Do you have a tender? List it separately on the policy with its own hull limit and a smaller deductible. The liability coverage from your vessel still extends to the small boat but when the tender has its own hull value listed, you can have a much more manageable deductible. And don't forget to tell your insurance agent if you have purchased a new outboard for the tender. This can increase its value and exceed the value of what you have insured the tender for. |