Salvage Recovery Costs – Why They Need to Be Separate from Hull Coverage
Did you know many insurance polices treat the cost of salvage as part of the boat’s hull coverage? This means if a boat sinks at the dock, the cost to re-float it is actually taken out of the coverage funds available to repair or replace it. With salvage potentially costing thousands of dollars (see image of a helicopter rented to fetch a boat “moved” by a hurricane) that could leave very little left to get a boater back in the boat, and on the water. Policies underwritten by GEICO Marine Insurance Company treat Salvage as a separate coverage, leaving your customer more funds to actually fix their boat. And they can leave the heavy lifting to our expert claims staff and our experienced network of salvors well-versed in getting boats out of sticky situations.
You may have heard the east coast had a little snow a few weeks ago. We thought we’d forego the boat image normally anchoring the Insider masthead for this adorable picture of Lizzy Holownia, enjoying her first sled ride propelled by dad Ed. It was the only available means of transportation for several days, but the good news? Spring is just a month away!
For information about Florida boat insurance, give Casey Insurance Group a call at 888-537-1412 today!