The coverage of a vessel may vary from the total replacement of the container, if it is destroyed, to personal liability coverage, and everything that is in between. By deciding which policy is adequate 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 secure its valuable property. With full coverage, the boat owner can choose to guarantee the cost of replacing the boat if it is totally destroyed. Coverage can also include damage to the structure of the boats or the engine. The coverage for loss or damage to personal property, while in the container it can also be included. Other options may include the elimination of injury, rescue recovery or remnants remains, loss of reimbursement, towing costs and even research services.
Civil liability insurance covers you in the case of accident responsibility. In general, an owner of a ship can choose the responsibility of the ship, also known as compensation insurance, which will cover only the damage performed by the ship, or personal responsibility, which will cover the damage made by the shipowner, independently Where they happen to.
While civil liability insurance is usually the least expensive, it is important to remember that it will only cover the cost of the damage / repairs to third parties. Your own property is not covered by civil liability insurance. In this way, although civil liability insurance often seems to be the cheapest option for the boat owner, if the ship had to be destroyed, the cost of replacement would look at the height of the savings in the premiums.