Insuring a Boat
Mike Smith

Here’s what you’ll discover in this book…

  • The #1 mistake boaters make when choosing an insurance policy
  • An insider secret to getting insurance for your wooden boat
  • The major differences between actual cash value and agreed value
  • The most important section you must read in your insurance policy
  • The quickest way to lose money on an insurance claim
  • The #1 reason why marinas, yacht clubs and boat yards require insurance
  • The easiest step to take before buying boat insurance
  • The truth about  the cost of boat insurance
  • The monster do’s and don’ts about coverage in your insurance policy
  • By not using this type of surveyor for your boat, you are limiting your choices of insurance

Highlights from
this Segment

– Why maritime law is different than normal torque law

–  Four coverages marinas need to cover themselves

–  Why boaters are being asked to have marinas on their policy

–   Difference between hull coverage and liability 

About Mike Smith

Mike Smith is a Senior Vice-President at Global Marine Insurance Agency, headquartered in Traverse City, Michigan. He began work in the insurance industry in 1975. He is also a board member of the National Marine Bankers Association. Mike designed a special endorsement for bare boat charter fleets that has been adopted by many insurance companies.

Book Buying a Boat by Captain Chris Kourtakis