 Finding boat insurance coverage in Indiana is easy. But finding the right coverage for your boat can be confusing. It is very common for a homeowner that buys a boat to simply attach the boat to their homeowners insurance policy. It is simple and easy to do. And it usually costs a few bucks less than a stand alone boat insurance policy. However, as you are about to see, there are major shortcomings with coverage using that strategy.
When you compare a stand alone boat insurance policy versus a boat attached to a homeowners policy (HO), there is no comparison! Stand alone boat insurance coverage wins over a boat attached to a HO every time:
Other coverages not usually found on a HO policy that are usually found on a stand alone boat insurance policy:
Of course these coverage options will vary between one company and another. But as a general rule of thumb, stand alone boat insurance coverage is always superior. It's also important to note that stand alone coverage for boats is usually only a few dollars more than a boat insurance policy attached to homeowners. So therefore it's well worth the few extra bucks for the much better coverage. Get a Boat Insurance Quote with Lyles Insurance Call me for a Quote Related Blog Articles: 10 point checklist to see if your Boat Insurance policy has excellent coverage
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 It is very common for Michigan boaters to simply attach their boat insurance on to a homeowners policy. And sometimes this does save a few bucks. However as you will find out stand alone boat insurance coverage offers much more protection than boat insurance attached to a homeowners policy.
Boat insurance policies vary from company to company but in general, boat insurance that is attached to a homeowners policy has some serious shortcomings:
SUMMARY: Not all boat insurance policies are the same. Be sure to take a close look at your policy provisions before you sign on the dotted line. In most cases, you will be surprised to find out how more more coverage is available for about the same amount of money. Get a Michigan Boat Insurance Quote with Lyles Insurance Call me for a Quote Related Blog Articles: Michigan Boat Insurance: 10 Points to check if your Boat Insurance policy is good or lousy 10 point checklist to see if your Boat Insurance policy has excellent coverage  Getting the right coverage for golf cart insurance at a low premium can be done as long as you know what you're doing. There are three key points that you need to know before you buy golf cart insurance. There are major differences between one golf cart insurance policy and the next that you need to be aware of: 1. Buying a standalone golf cart insurance policy is far better than attaching your golf cart to a homeowners policy. I cannot stress this enough. When a golf cart is attached to a homeowners insurance policy coverage is sometimes very limited. These limitations, depending on the company, can include:
2. Standalone golf cart insurance also offers additional optional coverages that aren't offered on a homeowners attachment. Many of these options are very inexpensive. These include: uninsured motorist coverage medical payments coverage standalone insurance also offers accessory coverage for free up to a certain amount if you have comprehensive & collision coverage. 3. Because golf carts are considered off-road vehicles, premium for coverage off on any golf cart is much lower comparable to an auto or motorcycle. In fact, most stand alone golf cart insurance policies cost less than $100 a year even for some of the highest coverages. If you would like to get a golf cart insurance quote with my agency simply click on the link below and as always I handle all quotes personally and privately. Get a Golf Cart Insurance Quote with Lyles Insurance Call me for a Quote Related Blog Links: Video: Tips for buying Golf Cart Insurance Video: Progressive Golf Cart Insurance Golf Cart Insurance in Ohio: Don’t get cheated out of great coverage and pay the same price! Where can I find Insurance for a Golf Cart licensed for road use? Ohio Auto Insurance: Uninsured Motorist Property Damage (a must have without Collision coverage!)5/5/2013  Of all components of auto insurance in Ohio, Uninsured Motorist Property Damage coverage (UMPD), is by far the least discussed and the most overlooked there is. That is partly because if you have collision coverage, you do not need uninsured motorist property damage coverage. However, for those who do not have collision coverage, uninsured motorist property damage (UMPD) is a must have for your auto insurance policy.
In Ohio, Uninsured Motorist coverage is divided into two parts: bodily injury (UMBI) and property damage (UMPD). In many states, one or both parts are mandatory coverages. But in Ohio, both parts are optional. I'm sure you've heard from your agent how important uninsured motorist bodily injury (UMBI) coverage is , but often overlooked is the uninsured motorist property damage (UMPD) part of it. Many older vehicles do not need collision coverage simply because the value of the vehicle isn't high enough to warrant the premium. In those cases, uninsured motorist property damage coverage (UMPD) is a must! Why? There are two major reasons for this: 1. It is estimated that one in every six drivers do not carry auto liability insurance. That number may go up at the end of the year when Ohio's state minimum auto insurance liability requirement goes up. This coverage will protect your vehicle in case you are hit by someone who is at fault but does not have liability insurance. 2. UMPD coverage compared to other parts of your auto insurance is very cheap! It usually only runs about one or two dollars per month. That is chump change when you consider the following: A common scenario: Let's suppose you're driving one day and some idiot pulls out in front of you, and totals your vehicle. It's clearly their fault.... Soon after, you find out that the other driver does not have any auto liability insurance.... If you do not have collision coverage on your vehicle, and you do not have UMPD coverage, you are hung out to dry! That's why UMPD coverage is so important to have if you do not carry collision coverage. It may not be worth it to carry collision coverage on an older vehicle. But as cheap as Uninsured Motorist Property Damage is, it's a no brainer not to have it! If you would like to get a quote on auto insurance, click on the link below. I will run your info through my companies, and find you the company with the lowest rate. And as always, I handle all quotes personally and privately. *** Important things to remember: 1. There is one downside to UMPD. If you get hit by a hit & run driver, you must be able to identify the person that hit in order to claim on UMPD coverage. If the hit & run's identity is unknown, only collision coverage would cover that. 2. Not all auto insurance companies will allow you to take UMPD without having to take out UMBI coverage as well. Some companies are ok with just taking UMPD. Other companies require you to select both or neither. Find My Lowest Auto Insurance Rate with Lyles Insurance Call me for a Quote |
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Dan Lyles is an Independent Insurance Agent serving Ohio, Indiana, Michigan, Pennsylvania, Virginia and West Virginia.. Archives
March 2021
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