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Purchasing a Houseboat can be a joy that can last you for your lifetime. However you must insure your houseboat, otherwise you may end up losing your lifetime's savings.

WHAT IS HOUSEBOAT INSURANCE:
Houseboats insurance coverage comes under marine insurance industry. They categorized together with jet boats, ski boats, sailboats, cabin cruisers and party boats as a pleasure boat. For this reason, this kind of coverage is not generally handled by regular insurance companies. You should carefully shop for underwriters who specifically handle these policies.

FACTS THAT DETERMINE THE PREMIUM:
Details such as horsepower, size and age of your boat, the type of craft and where it is used (i.e. moored in a river or hurricane prone area), determines coverage and premium you will pay for your houseboat.

COVERAGE THAT YOU NEED:
Ideally, house boats should be insured against as many probable mishaps as possible.
1.Roadside assistance: The cost of towing the boat.

2.Towing: Covering the cost of towing the vehicle on water.

3.Uninsured boater: Useful for covering damages one may suffer in an accident with an uninsured boater.

4.Fuel spill liability: It covers the cost of fines and cleaning up operations subsequent to a fuel spill by a boat owner.

5.Wreckage removal: In the event of a major mishap, the cost of clearing the wreckage.

6.Personal effects: To cover the cost of lost or damaged personal items that may be of significant value.

7.Fishing equipment: House boat owners often misplace and lose expensive rods, reels, and baits. This coverage is needed.

Good luck and good time.

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