Boat Insurance: What Does a Typical Policy Really Cover?

Residents of the greater Tampa Bay area understand that it is easy to get lost in daydreams of spending long days out on the water. But before you plan your next big fishing or boating trip it is important to make sure you have the right level of boat/water insurance coverage. If you aren’t sure what your current policy covers it may be time to invest in a new one from your local, independent agents at Runnels Insurance.

What Does Boat/Watercraft Insurance Cover?

Boat/watercraft insurance is your first line of defense in the event of an accident. Even if your boat itself isn’t worth a lot financially, in the event of an accident you could be held accountable for bodily harm or damages to another boat. In fact, in the year 2013 boating accidents amassed over $39 million in property damages. In some cases, accidents can happen before your boat ever hits the water.

Don’t get caught without the right level of coverage when you need it the most. Instead, protect yourself, your loved ones and your assets with affordable and complete insurance coverage from Runnels Insurance. With the help of our independent agents you can compare quotes online from multiple national providers to find the right level of coverage to fit your needs and your budget. Our experienced agents are always available to help you through each step of the insurance buying process and an answer questions at any time.

Invest in Your Safety with Comprehensive Coverage

Give yourself peace of mind while you’re out in the water buy investing in total boat/watercraft insurance coverage. Visit Runnels Insurance online today to start comparing quotes from top national providers in just minutes and save on your next policy.


Common Coverage Provided by Condo Insurance

As you can imagine, insurance policies differ from one provider to the next, and most of them can be customized to meet your insurance needs. When it comes to condo insurance, you should be aware that there are two basic types of policies. Even more important is that you check with you homeowners association to determine the coverage provided through its master policy.  

Most of the time, there are basic types of coverage through the master policy, including on the following elements:

  • Walkways
  • Exterior of buildings, including the framing
  • Roads
  • Lawns
  • Swimming pools
  • Walking tracks
  • Tennis courts
  • Fitness centers

Because a master policy already provides coverage, your need for insurance is different than that of a person who owns a regular home. Being that the master policy covers most of the exterior, you need coverage for the inside of the condo, including on your personal belongings, light fixtures, hardware, etc.  

There are two basic types of condo insurance to invest in:

  • Bare walls-in
  • All-in

An all-in policy provides the most extensive type of coverage, but it tends to be more expensive than a bare walls-in policy.  If you are wanting coverage on your counter tops, fixtures, hardware, and other elements inside your condo, you’ll want to opt for an all-in policy. And don’t forget that regardless of the policy that you purchase, you’ll still have to pay a deductible when filing a claim. And just like with car insurance, the higher the deductible, the lower your monthly rates will be. For a lower deductible, you’ll be dishing out more money each month on your premiums.  

To learn more about condo insurance, contact a reputable insurance agent serving the Brandon, FL area today.