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Boat Insurance Research Paper

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What Determines Your Premiums For Boat Insurance

A boat is a great way to have fun in the summer with friends and family. However, it also comes with responsibilities. You need to maintain your boat, which includes having insurance coverage that will help cover accidents. Here are the factors that go into determining your premiums when purchasing boat insurance.

The Kind of Boat

There’s various kinds of boats, and each boat will require its own kind of insurance. For example, a fishing boat will require very different insurance than a wakeboarding boat. This is due to each boat having its own level of risk that is associated with it. A person driving that wakeboarding boat will have a greater chance of getting into an accident, while a boat

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