Many different insurance companies offer their policy holders an insurance bonus for either completing different tasks or avoiding making a claim on their policy. The techniques to claim your insurance bonus will differ from company to company and depend on the type of insurance policy that has been purchased. The most common type of insurance policy that offers their policy holders an insurance bonus are car insurance policies.

Car insurance policies are used to cover everything from accidental damage to theft to loss of life. In many states it is illegal to drive a car without proof of financial responsibility, such as a car insurance policy or a document stating that you have enough capital to take care of the costs for any accident that may occur. The car insurance industry has numerous different companies that are competing for the business of the car owners and drivers that require car insurance to legally drive in these states.
Read more

There are many individuals that are considering becoming an insurance advisor as a possible career move. A career as an insurance advisor can be quite lucrative for the right individual and provides a level of job security that is rarely found in other industries. If you are considering a career move into the insurance industry, then a position as an insurance advisor may be the position for you.

An insurance advisor performs many different functions for the clients that they serve. They are responsible for advising the client about the best insurance options to fit the needs of themselves or their companies. They are also responsible for providing the client with new or updated information that may help them decide whether to continue with their current insurance plan or change to a difference type of insurance.
Read more

Just as with homeowners insurance and automobile insurance, boat insurance premiums can go up or down, based on certain risk factors.

The level of experience the insured owner of the vessel has with captaining watercraft, can affect the price of the insurance premium. An inexperienced boatman may pay a higher premium than one who has owned and operated watercraft for a long period of time. It may also help to lower premiums if the owner has taken courses on operating a watercraft.

Safety equipment on board the vessel has a direct bearing on the premium rate. Fire extinguishers, emergency equipment and other special safety features installed on the boat will help lower the rate of the insurance premium.
Read more

Insuring a charter boat can be very different from obtaining insurance for a pleasure or sporting boat.

To begin with, the charter boat will require additional insurance because the vessel represents the livelihood of its owner. Loss of the vessel means not only loss of the boat itself, but also loss of income, as well as countless of amounts of secondary damage derived from “lack of use” of the vessel (lost contracts, loss of expected income, refunds to potential passengers, etc&).

Additionally, a charter boat’s main function is to carry passengers for a fee, whether for a day fishing charter, or a brief sight seeing trip. The mere presence of passengers on the vessel presents many liability risks. Consider the possible outcome to passengers if the vessel should be involved in an accident, while operating as a chartered watercraft. Consider, as well, the risks to the owner of the vessel, in the possibility of personal injury suits, negligence suits, property loss or damage, etc& should an accident occur while the boat is operating.
Read more

While many people opt to allow their watercraft to remain uninsured when not in use, this decision can be disastrous for the boat owner.

In many areas of the country use of boats and other types of watercraft over the long winter months is impossible, due to climate changes and adverse weather conditions. Many boat owners mistakenly believe that, when a boat is in winter storage, insurance coverage for the vessel is no longer a necessity.

Statistically speaking, more boats are damaged every year while in winter storage, than those that are in actual use. In some cases entire vessels are lost, due to unforeseeable circumstance. Damages to a stored vessel can run from minimal (such as destruction by nesting animals, petty theft of stored items, or even slight weather damage) to major (such as total destruction of the watercraft by a fire or natural disaster). Just because the boat is not in use, does not mean it is entirely protected from unforeseen events.
Read more

er to obtain the best possible insurance coverage for your particular watercraft consider taking the following steps.

Research a number of insurance companies, as well as a variety of policies on the internet. This will help you to determine which features you would like to have written into your policy, and which ones you may not feel as strongly about.

After investigating as many companies as you can, select 3 or 4 which offer the most extensive packages. Be certain that each company will be able to meet or exceed your insurance needs by viewing their policy options. When selecting these companies also consider which ones have the most experience in dealing with the type of insurance you want. Boat owners should consider choosing companies which specialize in boating insurance, rather than other types of insurance.
Read more

When looking into Boat Insurance, you may be considering adding your boat onto your already existing home insurance policy. While this may seem like a cost effective way of protecting your property, you may want to investigate the matter thoroughly, before making this decision.

Home insurance policies often allow the policy holder to add additional property at a lower rate, which can be a cost effective way of insuring your boat. This option, however, often does not generally allow for additional protection for such things as wreckage removal, loss of use, or include the environmental aspects of coverage (such as insuring against oil leaks or gas leaks or other such problems which can cause damages to the natural environment).

Read more

Coverage of a watercraft can range from total replacement of the vessel if destroyed, to personal liability coverage, and everything in between. When deciding on what policy is right for you, consider what your needs and risks are, and how much you are willing to spend to protect them.

Full coverage boat insurance is the safest route for the boat owner who wants to insure his valuable property. With full coverage the boat owner can opt to ensure the cost of replacing the vessel if it is totally destroyed. Coverage can also include damages to either the boats structure, or engine. Coverage for loss or damage to personal property while on the vessel may also be included. Other options can include injury protection, salvage or wreck removal, loss of use reimbursement, towing costs, and even investigative services.

Read more

From sailboats to yachts - fishing boats to boats made especially for water sporting, the variety of watercraft on todays market makes it more possible than ever before to find the perfect vessel to meet all of an individuals boating needs. Whether an avid skier, or a beginning sailor, one thing all boaters seem to have in common is enjoying all of the pleasures of sun, sand and water.

Just as boating enthusiasts differ in their boating preferences as well as in the way they use their vessels, boat insurance coverage options also differ, depending on the boats uses, its monetary value, and its importance to the owner.

From simple liability insurance to full coverage life and property insurance, the boat owner will find many available options. Deciding on the right option, however, can be a tricky matter.

Read more

The actual number of piracy attacks that were reported worldwide in 1999 rose nearly 40% in just one year. Whats more those figures nearly tripled between 1991 and 1998, according to the ICC International Maritime Bureau in London (IMB).

In the year 2000 a report conducted by the International Marine Bureau in London, also showed that annual losses due to piracy totaled over $200 million dollars. Even more alarming is the increase in weapon usage by modern day pirates such as guns and knives. Internationally a significant number of deaths, as well as serious injuries, are attributed to piracy each year.

Modern pirates may not have wooden legs and eye patches. They also may not be waving the Jolly Roger from a top their sails. Instead these criminals often navigate vessels that do not appear out of the ordinary. They will generally board a cargo vessel before the captain realizes that they are thieves. Modern pirates may do one of three things: rob the crew/passengers aboard the vessel; rob the vessel of its goods and cargo; or hijack the entire vessel.

Read more