Motor Size And Type’s Impact on Boat Insurance

Do you own a boat that has boat insurance?  Do you have any idea as to what impacts the cost of your boat insurance, its limits, deductibles, etc.?  Believe it or not, the size of the motor and the type of motor can play a key role in your boat insurance policy.  Our team at Zenith Insurance Group can help serve folks in the Pinellas County area who own boats and are trying to figure out associated boat insurance.

Motor Type and Size

The type of motor you have is the first driving force behind the cost of your boat insurance policy.  If you have an outboard motor or an inboard motor, that will take some of the insurance cost.  An outboard motor is much easier to replace, thus it could make your boat insurance cheaper.

The size of your motor is also key to boat insurance premium price points, limits, and deductibles.  If you have a small motor with low horsepower, then you are not going to drive forward a boat insurance policy that requires super high limits, as the cost to replace that motor is not as high.  A super high-end motor with extreme horsepower will change your boat insurance policy dramatically.

Other Considerations

There are other considerations you have to keep in mind when it comes to the motor on your boat and boat insurance.  The motor’s age and where you drive the boat can also have an impact.  There are so many variables that it is critical to understand the best path forward if you shop for boat insurance.  Our team at Zenith Insurance Group can help you understand boat insurance in Pinellas County and abroad.