You need boat insurance for many reasons. Boat insurance covers loss or damage to your boat and helps protect you financially for injuries or damage caused by covered mishaps. In addition, liability coverage can help protect you if you cause injury to others or their property while using your boat. Medical payments coverage provides reimbursement for injuries to you and your guests. Boat insurance even covers on-water towing.

How Much Is Boat Insurance?

Boat insurance costs will vary based on the state where you use your boat and the coverage options you select. For instance, agreed value policies will generally cost more than actual cash value policies. If keeping costs down is a priority, choosing a higher deductible can reduce your policy premium. Depending upon the state where the boat is used, policies can be purchased at a very reasonable price.*

How Do I Purchase Boat Insurance?

Contact us today by clicking here for your boat insurance quote. Your agent can help you choose a policy with your needs in mind to get the appropriate coverage before you head out on the water for your next boating adventure.

.Basement flooding is one of the most stressful, yet prevalent issues homeowners face on a yearly basis. Flood damage is not only difficult and timely to remove, but it can also ruin Super Bowl parties or lifelong memories for you and your family. Nonetheless, like almost any home issue, there are certain precautions homeowners can take to ensure no water comes anywhere near the basement. Below are our five tips to avoid a flooded basement.
Keep Gutters Free of Debris The best way to prevent basement flooding is by keeping your gutters free of debris. Preventing water from leaving your premises is never helpful. Your gutters were put in for a reason and driving water away from the home is its No. 1 function. If leaves or branches get caught in your gutters, water could start to pile up and leak right around your foundation. The more water near the foundation, the more likely your basement is going to flood. Cleaning your gutters is easy and should be done every spring and fall. See our step-by-step guide for cleaning your gutters here.
Make Sure There are No Cracks in the Foundation Even if your home has no history of flood damage, it is vital that you seal cracks in the foundation walls and basement floors. I don’t need to explain that if there are holes in the foundation, water will get into the basement. There is no way around it.
Many sealing solutions are DIY projects, but some require professional installation. Start by removing any crumbling concrete and repair all cracks in the walls and floors. Use masonry caulk on cracks less than 1/8 inches wide. Caulk only costs about $10 per tube. Patch wider cracks with epoxy filler and a putty knife. Remember to patch the places where pipes and tie rods pass through the concrete. Drylok Fast Plug is effective for sealing cracks in masonry. For complex cracks or those subjected to movement, hire a professional, as DIY kits are less reliable for this level of damage.
To see what it cost to seal the cracks in your foundation, check out our basement sealing cost estimator.
Position Downspouts Away from FoundationYour gutters could be as clean as whistles, but if you don’t have proper downspouts directing all that water away from your foundation, basement flooding can occur. They need to be thick and long enough to handle large amounts of water. Especially in areas of heavy rainfall, downspouts of 3X4 inches are highly recommended. They should be placing the rain gathered from the gutters at least five feet away from the home. If your current downspouts are not meeting these basic guidelines, you should think about extending them, another simple DIY project

Many high net worth families fail to adjust their insurance portfolios to protect their assets as their wealth grows. This is not uncommon as life has a way of getting very busy. A lot of people think once they have an insurance agent who has set up a comprehensive insurance program, it is on auto-pilot. But life happens and things inevitably change, thus it makes sense to review and update your insurance program to make sure you in fact actually have comprehensive insurance coverage.

What Is Comprehensive Insurance Coverage?

Simply put, comprehensive insurance typically includes home insurance, auto insurance, collector car insurance, boat (yacht) insurance, valuables insurance and umbrella liability insurance. In some cases it can also include workers' compensation and employment practices liability insurance, cyber insurance, and directors and officers insurance. There are even more types of insurance, but this list gives you a good idea of the types of insurance I am referring to.
High Net Worth Families and Comprehensive InsuranceMost entrepreneurs, business owners, and high net worth people understand the concept of risk. They have almost certainly taken a high level of risk while working to increase their wealth and assets over time. They also understand that it makes sense to minimize their downside by insuring against risks. Insurance is not exactly fun or sexy to talk about, yet one of the first questions people ask when something bad happens is, "Is it insured? Am I covered?"
In other words, we all know insurance is important, we just don’t like talking about it. (For related reading, see: Ways to Make Insurance Exciting.)
Although I am not licensed to help people with this type of insurance, it is certainly a topic of conversation when building a financial plan. I work closely with a select group of insurance professionals that understand all the nuances of comprehensive insurance and make sure to bring them into the planning process should a client have potential needs or simply to conduct a thorough review of their current coverage.
In working with entrepreneurs, business owners, high net worth families and insurance professionals, I have learned that there are some specific questions people should be asking when reviewing or considering changing their comprehensive insurance coverage.

Do I Have the Right Insurance Coverage?

This is typically the first question high net worth families ask themselves and their insurance agent. Addressing the following questions when designing and implementing your comprehensive insurance portfolio will help you better figure out the best insurance package for you, what the deductibles will be and how the claims process works if something happens. Ultimately it should lead to a very strong and comprehensive insurance solution to protect you and your wealth.
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12 Questions High Net Worth People Should Ask When Protecting Their Wealth and Assets

1. Who is your current insurance carrier and insurance agent?
2. Do you have umbrella liability coverage that matches your net worth?
3. Does your umbrella policy include excess uninsured/underinsured motorist liability?
4. Will your homeowner’s coverage pay to rebuild your home with similar quality materials and craftsmanship?
5. If you recently expanded or upgraded your home, did you notify your insurance agent?
6. If you own a wine collection, a significant amount of jewelry, artwork or other valuable items, are they insured adequately? (For related reading, see: Homeowner Insurance Gaps to Watch out for.)
7. Do you have at least $1 million in uninsured/underinsured liability protection?
8. If you employ domestic staff like a nanny, housekeeper, gardener, or chef, do you have employment practices liability and workers compensation insurance?
9. If you serve on a board, do you understand the organization's insurance may not protect you from liability lawsuits that may be brought against it?
10. Have you considered raising your insurance deductibles?
11. Is all of your insurance coverage (home, auto, collector car, boat, valuables, umbrella, etc.) with the same carrier? (Life insurance does not need to be with the same carrier as there rarely is a discount for adding it to the insurance package.)
12. Have you informed your insurance agent about any safety and loss prevention devices (security systems) in your home and autos? 

Keep in mind that each person’s insurance portfolio will be different and unique to their needs. These questions are a great way to review and assess your current insurance coverage. Discussing all of this with your insurance agent, whether you already have one or are looking for a new one, will greatly improve the likelihood that you have the comprehensive insurance portfolio that is best for your situation.