Budget Concerns: How Much Insurance is Enough?

Budget Concerns: How Much Insurance is Enough?

Lower Your Boat Insurance Rates With A Safety Course

Dustin Duncan

Boating is a fun and exciting leisure activity, but insurance costs can take a bite out of your bank account. One good way to lower your rates is to pass an approved boating safety course, as many insurers offer a discount for boat owners who pass this type of program. This article examines some of the most critical boating safety issues addressed in these courses. 

Navigation Rules

Every operator of a boat must be thoroughly familiar with the navigation rules pertaining to watercraft. For example, if two boats are on a collision course along a crossing path, you must give way if the boat is on your right-hand, or starboard, side. You have the right of way if the other boat is on your left-hand, or port, side. If two boats are on a head-on collision course, each boat should adjust course to its starboard side. When you want to pass a boat, you must request permission from the other boat operator by signaling with your horn. 

Carbon Monoxide

Carbon monoxide exposure is a threat operators of boats with gasoline engines must take seriously, as it can be fatal. If a gasoline engine is not functioning properly, it can produce dangerous carbon monoxide fumes. Unfortunately, you cannot see or smell the fumes, so it's crucial to be aware of the symptoms, which include dizziness, weakness and nausea. Always have carbon monoxide detectors on your vessel to avoid any potentially high-risk situations. 

Distress

Boats should carry a variety of distress signals to obtain help in case of an emergency. In fact, vessels are required to carry distress signals approved by the United States Coast Guard when they traverse U.S. waters. These signals include red flares that are visible in the day and at night, as well as orange smoke signals and electric lights. Keep track of the expiration dates on the signals and replace them when necessary. 

Cold Weather

Taking special precautions in cold weather is a key aspect of boating safety. If you accidentally fall overboard in cold water, the danger of succumbing to hypothermia is always present. Consider wearing a special cold-weather life jacket when operating your boat in low temperatures. 

Passing a boating safety course is not only a great way to make sure that you stay safe on the water, but can also help keep your boat insurance rates under control. For more information on this important topic, contact your insurance agent.


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Budget Concerns: How Much Insurance is Enough?

Insurance is something that I carry in the hopes that it never has to be used. Along with life coverage, I also have low cost auto insurance and a health plan through my employer. I'm toying with the idea of adding some additional coverage, just in case something happens and I'm no longer around to take care of my family. The question that is on my mind is how much insurance is enough? Do I really need more, or would it be better to cultivate other assets that my loved ones can draw on if needed? If you are in the same boat, let's journey together for a while. Read on and I'll explain what I'm trying and why. Together, we can figure out when it is time to add more coverage and when enough really is enough.

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