{"id":9950,"date":"2019-07-15T11:59:00","date_gmt":"2019-07-15T09:59:00","guid":{"rendered":"https:\/\/blog.bandofboats.com\/?p=9950"},"modified":"2021-11-30T13:42:01","modified_gmt":"2021-11-30T12:42:01","slug":"make-boat-how-to-choose-insurance","status":"publish","type":"post","link":"https:\/\/blog.bandofboats.com\/en\/make-boat-how-to-choose-insurance\/","title":{"rendered":"Am I required to insure my boat? How do I choose insurance?"},"content":{"rendered":"

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Surprisingly enough, getting an insurance policy for your boat is not required in France. However, Band of Boats considers navigating without insurance to be like driving without a license, so we strongly advise that you obtain coverage! There are several types of insurance policies available. It\u2019s up to you to decide which one is best suited for your needs.<\/p>\n

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Summary<\/h2>\n

1 – Civil liability coverage<\/a>
\n2 – What kinds of additional coverage<\/a>
\n3 – Personalized coverage<\/a>
\n4 – Advice from Band of Boats<\/a>[\/et_pb_text][et_pb_text admin_label=”Paragraphe 1″ module_id=”titre1″ _builder_version=”4.11.1″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_margin=”50px||||false|false” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

1. Civil liability coverage<\/h2>\n

At a bare minimum, you\u2019ll need civil liability coverage. This covers personal injury and property damage to third parties<\/strong>. It is often included in your homeowner\u2019s insurance<\/strong>. However, you should contact your insurance adviser to check on the exact contents of your policy. In the event of an accident, the policy compensates the victims. In other words, if you are injured or your boat is damaged, the costs will fall to you. And the bills could add up quickly, perhaps even threatening your financial stability. That\u2019s why Band of Boats recommends that you get additional coverage for yourself and your boat.<\/p>\n

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2. What kinds of additional coverage ?<\/h2>\n

Prior to taking out an insurance policy for your boat, you\u2019ll need to know the value of your boat so that you can determine the compensation amount in the event of a disaster. That\u2019s simple if your boat is new, but it can be more complicated for a used boat. Band of Boats can help you with this step, thanks to our personalized boat quotation calculator,<\/a> which provides an estimate in an instant. You may also find it worthwhile to contact a marine surveyor, whose expert report will provide you not only the value of your boat, but a technical assessment of its condition. This defined value, known as agreed value, is valid in the event of a claim.
Once you have that value, you have a choice between two different types of insurance policies: basic or comprehensive. You can obtain a policy from a general insurance company or call upon a company that specializes in pleasure craft insurance. Band of Boats also invites you to use its Insurance Calculator to estimate the cost.<\/p>\n

Basic coverage is divided into 3 parts:<\/strong><\/p>\n