Antique and wooden boats are full of history
But they’re also a lot of work to maintain and keep in good condition. Don’t let that hard work go to waste by buying an insurance policy that doesn’t value the unique beauty of your vessel.
Wooden boats are getting harder and harder to insure. Especially for older boats there are concerns about replacement parts no longer being made and the wood that they’re made of just plain not being available anymore. Many insurance companies get around this concern by offering Actual Cash Value policies for your antique or wooden boat — which is bad news since if there’s an accident your boat might be valued at close to $0 once they take ‘expected life’ and ‘depreciation’ into account.
We offer Agreed Value policies for your antique or wooden boat — so the amount you’re insured for is the amount you get. They’re more expensive but they offer you superior protection to an Actual Cash Value policy.
The Nesika Insurance Services Inc. Difference
You may think you want the cheapest insurance you can find, but realise you may not be getting everything you bargained for…
While most insurance products are similar in price and function, insurance providers are very different when it comes to structuring a policy that actually covers you. Minor differences in wording can mean major differences in what’s covered after a loss.
You can be confident that all of the antique and wooden boat insurance policies offered by Nesika are underwritten by premium markets that have a proven track record of paying their claims.