Sunken or Destroyed Boats and Insurance Claims
After a disaster or a collision, it is possible that a boat owner can return to their home port to find their beloved vessel scraping the floor of the lake or ocean. While it is not likely to provide much comfort in the midst of the shocking discovery, there are some simple steps that can be taken in order to settle issues of insurance and get funds to replace the destroyed vehicle.
For a free quote of your watercraft’s potential coverage, contact the Chicago auto insurance experts at Insure on the Spot by calling 773-202-5060 today.
Totaled Boat Claims
The process for filing a claim with a boat that is totaled is similar to filing a totaled automobile claim. However, an insurance company may speed up that process if the boat is clearly sunken, as the damages no doubt have compromised the full worth of the watercraft. The following are the basic steps to follow in case of a catastrophic boat accident:
- contact the insurance company
- document the damages
- allow a claims agent to investigate the damages and possible causes
- provide full disclosure of any wrongdoing
- wait for payment
Although this may seem like a quick, simple process, the reality is that, depending on the circumstances of the boat’s destruction, an insurance company may engage in legal action against another party to secure payment for the damages. Likewise, a more intensive investigation will be undertaken if there are any suspicions of foul play.
Of course, without insurance, any damages to the boat will come out of the pocket of the owner. Don’t be caught without insurance in case of a collision or an outbreak of violent weather. Contact the Chicago auto insurance experts of Insure on the Spot at 773-202-5060 for help finding a policy that will fit your needs and budget.