A canal boat is a unique type of water craft. As the name describes these are boats which are used to carry passengers or freight across narrow canals. These boats are usually narrow and long suited for navigating the man made canals. These boats are widely popular in Britain. These boats were introduced some 150 -200 years ago during the era of industrial revolution. Apart from being used as freight carrier, today's canal boat is used as a tourist attraction. There are wide varieties of boats available, some have sleeping quarters which allow the tourists to spend a night in the boat itself, while others might have multiple deck level allowing the boat to carry more passengers. It has become very common for many people to buy a these kind of boats so that they can spend the days leisurely rowing across the canal. It is also important for the people to know something about canal boat insurance in order to protect their precious investment.
Canal boat insurance does differ slightly from normal water craft insurance. However the basic concept of insurance policies covering the water craft remains the same. In this article I am going to provide you with an outline of various policies that one should buy in order to completely safe guard their investment
The first and perhaps the most important policy is the accident or property damage policy. This insurance policy will cover the cost of repair in case the canal boat was damaged due to an accident. This policy is a must if one intends to own a canal boat. It allows the owner to have piece of mind when they themselves are cruising or they rent the canal boat for others to cruise along the canal waters.
The second important insurance policy is the property theft policy. This policy allows the owner to claim the amount invested while buying the boat, if the boat were to be stolen or lost. This policy is a must if the owner intends to rent the canal boat for charter.
The last insurance policy which is important is the fire insurance policy. This policy allows the owners of the boat to claim partial or complete compensation for the damages which occur due to fire caused internally or from any external cause.
Apart from these there are many other policies which will come very handy and are a must if the boat is to be chartered to other people. Amongst them the most important policy is the liability policy.
Why Windsurfers Need Insurance Choosing a Yacht Insurance Company Examining Jet Ski Insurance Tips on What to Look For When Purchasing Insurance For Your Boat Speed Boat Insurance - Learning Its Significance Affordable Boat Insurance For Beginners - What Factors Do You Need To Consider With Boat Insurance?
0 comments:
Post a Comment