How to Insure a Catamaran

Insuring a catamaran is a little bit different than insuring other types of watercraft. Some insurance companies cover only certain catamaran manufacturers, while others may cover a different list of catamaran manufacturers. It can be confusing, which is why you must do the proper research to find adequate catamaran insurance coverage.

Instructions

Difficulty: Easy

Things You’ll Need:

• Catamaran make and model
• Catamaran manufacturer

1. Understand why Catamaran insurance is different. Catamarans are multi-hulled boats, so they are in a different class than traditional single hulled boats.
2. Contact your car insurance company to ask if it also provides boaters insurance.
3. Check the Internet to compare rates quickly and easily. Get quotes from a few different insurers such as Anchor Marine Underwriters to find the best rates.
4. Know the factors that affect insurance rates. If your insurance has ever lapsed, if you have been refused or denied insurance, if you have been convicted of any crimes in the past 5 to 10 years, if you have received any boating related tickets (speeding in a no-wake zone, drinking and driving) and your credit score will affect insurance rates.
5. Ask other boat owners or marine retail shop employees if they can recommend a reputable catamaran insurance company.

Tips & Warnings

• Check to see if your newly purchased catamaran has a clean title. If it doesn't, getting it insured may be a hassle.
• Go with a reputable well-known boat insurance company. You will be more certain to get claims paid against your insurance with a reputable, well-known boat or marine insurance company.
• Avoid lesser known or small marine insurance companies. You may run into trouble if you should ever have to file an insurance claim.
• Don't skimp on the insurance; doing so could result in higher out-of-pocket costs if repairs to the catamaran are necessary.