Longstanding tales can be divided into history, myths and legends. History describes events  that have been documented to have actually happened. Conversely, legends and myths have never been proven to be true.

Let’s take a peek at several boat insurance myths revealed recently by an industry by an industry survey of over 1,000+ boaters across the country.  

Myth #1: Every boat owner remits higher premiums for boat insurance because of recent hurricanes across the country.

The Reality: This is a widely-believed myth, although not completely accurate. Pricing policies are contingent upon the claims for each state. The more hurricanes , the more losses in that state, resulting in higher priced policies. 

The Myth #2: Boat insurance covers the boat anywhere it roams.

Reality: Navigation limits depend upon the insuring company’s standards and guidance. Some insurers might limit coverage to 100 nautical miles from the boat’s home-port. Others have regionally-based nautical boundaries. Saucon Insurance Agency serving the Bethlehem, PA area is ready to put together a boater’s insurance package that’s right for you.

The Myth #3: You will receive reasonably priced boat insurance rates if you choose to insure your home or car with the same insurer.

Reality: Although some companies do offer multi-policy discounts, buying more than one policy from an insurance company doesn’t necessarily guarantee that  you get the best rate, or the best ‘bang for your buck.’

The best way to ensure you get the best coverage for the price, is  to select specialized policies from experts in the industry.