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House boat insurance is specially designed to protect your house boat and those aboard in the case of an accident or incurred damage.
Finding House Boat Insurance
Some regular insurance companies that deal with homeowners/renters insurance and auto insurance also provide marine insurance, including house boat insurance. Additionally, you should plan to talk to some of the marine insurance companies that specialize in house boat insurance. Wherever you find the best deal, you should get quotes from a least a few different companies in order to find the best policy.
Actual Cash Value vs Agreed Amount Value
Two of the most common house boat insurance policies are known as actual cash value and agreed amount value. With an actual cash value policy, if your boat is totaled you will be reimbursed for the value of your boat at the time of the accident, with depreciation factored in. With an agreed amount value policy you are guaranteed a specific amount of money to replace a totaled boat, regardless of depreciation. An agreed amount value policy is usually a better option, but your premium may be higher with this type so make sure to take that into account before deciding which way to go.
Other Things to Consider
In addition to physically protecting the houseboat, an ultimate houseboat insurance policy should cover many aspects of your life on the houseboat like your personal property and bodily injuries sustained aboard. A good policy will come from a quality company and provide maximum coverage for a fair price.
