Mavco Insurance Agency, Inc. (630) 655-2410
Personal Insurance Business Insurance The Mavco Difference The Mavco Team
June 2014

Boat Insurance — Don’t Get on
the Water Without It

When the temperatures warm, there’s nothing like taking the boat out for the season. Feeling the breeze across the water, peacefully fishing in the early morning, or jumping off the boat for a swim can make for an ideal weekend. While you’re enjoying your well-earned recreation time, you don’t want to be thinking about the “what ifs?”

Depending on your policy, boat insurance will cover:
  • Bodily injury that your boat may inflict on others
  • Property damage caused by your boat to other boats or docks
  • Physical damage to your boat
  • Uninsured boaters, should an uninsured boat collide with yours
  • Comprehensive coverage against vandalism, theft or flooding, even after boating season is over
It’s best to buy a separate policy for your boat, rather than trying to add your boat to your current homeowner’s policy or car policy. A separate boat policy provides specialized coverage for boats such as Total Loss Replacement, Emergency Towing, coverage for Fishing Equipment and Personal Property.

Decide whether you prefer an actual value (or market value) policy, wherein if something happens to your boat you’ll be paid the actual value at the time of the incident; or an agreed-upon value policy, in which if something happens you’ll receive up to the agreed-upon value from when you signed up for the insurance. Once that’s settled, it’s smooth sailing to summer fun!

DOUBLE CHECK Your Boater's Insurance


New Home? Make Sure It’s Protected

Summer is a popular time for moving into a new house — it’s nice enough outside to work on renovations and yard projects, plus you’ll be settled in time for the school year starting in the fall.

If you’re house hunting, keep insurance issues in mind as much as location, school districts and your mortgage. Here are some questions to consider:
  • Is the house in a flood zone?
  • What is the claim loss history of the home?
  • How old are the plumbing, heating and electrical systems?
These factors and more can affect what kind of coverage you choose as well as how much it will cost.
LEARN MORE about homeowner's insurance

Mavco is an independent insurance agency located in Hinsdale, Illinois. We provide personal and business insurance solutions, and specialize in supporting the complex needs of high net worth individuals and their families.

Meet the Mavco team. We offer a level of care and attention that cannot be matched.