Wanna save money on insurance?
Raise your deductable to the maximum allowable!
Insurance isn't intended to cover every "hangnail"...it's supposed to pay only what you can't, no way, no how, pay for yourself....so the more of the risk that you're willing to assume, the less your insurance will cost you. Unless you're accident prone, you'll save far more in premiums than the additional amount you'd have to pay in the event of a claim.
Another bit of advice: never file a claim for less at least 50% more than your deductable...if you can pay an $800, $1600 deductable, you can pay $1000, $1800--even $1200 or $2000--out of your own pocket. You'll pay at least that much anyway in higher premiums if you file a claim for only a few hundred $$.
This doesn't only apply to boat insurance, btw...you'd be amazed at how much you can save on car insurance, homeowners and even renters insurance by raising your deductables to the maximum the carrier will allow.
Raise your deductable to the maximum allowable!
Insurance isn't intended to cover every "hangnail"...it's supposed to pay only what you can't, no way, no how, pay for yourself....so the more of the risk that you're willing to assume, the less your insurance will cost you. Unless you're accident prone, you'll save far more in premiums than the additional amount you'd have to pay in the event of a claim.
Another bit of advice: never file a claim for less at least 50% more than your deductable...if you can pay an $800, $1600 deductable, you can pay $1000, $1800--even $1200 or $2000--out of your own pocket. You'll pay at least that much anyway in higher premiums if you file a claim for only a few hundred $$.
This doesn't only apply to boat insurance, btw...you'd be amazed at how much you can save on car insurance, homeowners and even renters insurance by raising your deductables to the maximum the carrier will allow.