Boat Insurance

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Personal insurance like life insurance, endowment insurance and personal accident insurance is very common. It is something which we often hear about. We receive phone calls from various companies trying to market their insurance products to us. Apart from personal insurance, we also have the general insurance where people can insured their possessions such as cars, houses, maids and even pets. Very rarely heard are the less commonly heard ship insurance and boat insurance which are essential for people who own them. For the sailors and ‘boatpeople’, their life depend very much on their boats and ships. Their boats are their daily businesses that bring in their income for their family. It is thus vital for them to protect their boat. For people who depend on their boat for daily earnings, their boats are their important assets that generate money for them everyday. On the other hand, for people who owns a boat for the purpose of leisure and hobby, the purpose of boat insurance is to protect their asset. They might not need the boat for daily survival but they might have spent a lot of money to have purchased the boat. Regardless of what insurance, all insurance aims to protect and insurance are peace to your life.

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