Looking for good boat insurance to cover any unwanted catastrophic damage might sound silly. But our survey showed there had been about 5000 boat accidents around the United States in the year 2022.
Accidents are always unpredictable, and it is wise to make yourselves prepared for such a moment. For starters, how about enrolling for boat insurance? Over 100 well recognized brands offer such insurance, but we have narrowed it down to the best one- SkiSafe!
Is SkiSafe a good insurance company? After reading all the customer reviews fully diminished our confusion. This article will provide all the information about SkiSafe’s services, customer reviews, offers and benefits.
Stay tuned!
Things To Look for While Searching for A Boat Insurance
There are many factors to consider when looking for a good boat insurance company. First of all, the leading boat insurance company generally provides two sets of policies to choose from- one is an agreed-value policy, and the other is an actual cash-value policy.
Though the actual value policy is much more budget-friendly, the agreed value policy provides more economic support in case of an accident. Additionally, it would help if you looked at every company’s insurance rules and regulations.
A specific insurance brand only allows insurance to a boat up to a certain size. On the other hand, some enroll in insurance unless the boats are not being used for commercial or industrial purposes.
Therefore, you need to find your specific needs from the insurance and match them to see which company will be the perfect fit for you.
You will also find some other companies that provide boat insurance as a publicity stunt to their customers. Such insurance companies do not provide all the necessary economical backup for your boat.
With that being said, here are some key factors that will come in handy when deciding on suitable boat insurance. Give a thorough look:
- The Navigation Territory
- Boat Operating Records
- Boat Storage Area
- Cost Of the Boat
- Layup Period of The Boat
The Navigation Territory
The navigation territory is termed the geographic map, which marks the area where your insurance company will provide coverage in terms of any damage. When you are looking for a perfect insurance provider, make sure to check out their navigation territories with yours.
If it does not match, then checking out their coverages will be a waste of time.
Boat Operating Records
Applying for boat insurance is quite similar to applying for car insurance. In both cases, the insurance provider will want to see your driving records. They consider both boat and car driving records while considering the policy.
At any chance, if the records are not up to the mark, then they might not offer you the insurance coverage of your choice. This is because they have a confusion that the owner might damage the boat frequently while driving and will expect the insurance company to pay for the damages.
Boat Storage Area
Insurance companies will also take a look at your boat storage area. If you plan to lay your boat on the riverside in the water, this might damage the boat’s condition more frequently than you imagine.
In that case, insurance providers will not offer a good amount of coverage as the damage is done mostly by insufficient storage space. Therefore, it would be wise to store your boat indoors, like in a garage, and keep it covered while you are not using it.
This way, you can keep your boat safe for an extended period of time, and it will convince your insurance company as well.
Cost Of the Boat
The cost of the boat is also a considerable factor to consider when it comes to looking for an insurance company to insure your boat. If the cost of the boat is higher, it will be more expensive for the insurance company to provide sufficient coverage. In that case, the deductible fee will also be increased.
Furthermore, one should also list all other belongings like a motor, trailer, and many other equipments that you have purchased. There are some insurance companies that offer coverage for this external equipment. Hence, it will help significantly if the owner has a list prepared.
Layup Period of The Boat
The layup period is the amount of time you spend using your boat. For some owners who live in cold climate regions, sailing on their boat will be troublesome most times of the year.
Hence, there will be less time for sailing (during the summer season) which leads to less time utilizing the boat. In that case, the insurance company will provide the coverage accordingly, which will also lead to fewer deductibles.
One thing to keep in mind is that not using a boat for a considerable amount of time raises some maintenance issues. Therefore, make sure to discuss these terms with your insurance providers.
Fortunately, SkiSafe is completely dedicated to ensuring delicate boats. The later section contains more details information about the company.
SkiSafe- What Is Their Insurance Activity?
Suppose a boat enthusiast person moves to the United States and they are looking for a boat insurance company. In that case, they can definitely contact with SkiSafe- the most trustworthy United States boat insurance company. Starting from jet skis, kayaks, fishing boats or even luxurious boats, SkiSafe has got you covered.
Their headquarter is in Lake Success, New York, and they have created a community of over 300,000 customers within 40 years of business. Therefore, is SkiSafe a good insurance company? To answer this question, we need to look at their individual ratings. The table below will give a better illustration:
| Breakdown | Ratings |
| Coverage and Benefits | 4/5 |
| Customer Experience | 4/5 |
| Financial Strength and Reputation | 4.3/5 |
| Discounts | 3/5 |
SkiSafe- Their Coverage and Benefits
As we have already mentioned earlier, SkiSafe is completely dedicated to boat insurance. They provide insurance to a wide range of boats such as jet skis, big travelling boats, luxurious boats, kayaks and so on.
When it comes to coverage and benefits, they run an agreed-value policy which might be expensive but advantageous in the long run. They also provide assistance with the towing cost, related medical costs or even travelling costs.
The total cost adds up to a minimum of 25000 dollars on each boat, depending on the type. Furthermore, the deductible costs are negotiable in case you have suffered a sudden accident and are on the brink of a complete loss.
Though the company offered no discounts, the process is simple, cheap and easy to implement. That is why the customer rating of Skisafe on coverage and benefits is 4/5, which is quite satisfactory.
The table below summarizes the coverage and benefits:
| Agreed value | Type of Policy used |
| Insurance type coverages | Head-on collision |
| Passenger injury | |
| Any type of property damage | |
| Boat equipment coverage | |
| Medical costs coverage | |
| Boat trailer cost coverage | |
| Type of boat | Luxurious boats |
| Fishing boats | |
| Kayaks | |
| Sailboats | |
| Pontoon boats | |
| Additional coverages | Waiver in deductible costs |
| Towing costs | |
| Travelling costs |
SkiSafe- Their Customer’s Experience
One of the most important things that make an insurance company more iconic than the others is customer service, and SkiSafe tends to make that service top-notch.
To ensure that their customers are getting the service with complete satisfaction, they conduct an online meeting on a weekly basis for the customers to have their review, which results in their rating, which is 4/5.
Furthermore, their employees are at the customer’s service 24/7, providing all the necessary information regarding boat insurance. Also, their website is filled with meaningful, frequently asked questions, blog posts, articles, etc.
If you have any problem regarding their service or wish to ask any questions, post it on their website, and the website handlers will reach you immediately.
SkiSafe- Their Strength and Reputation
Before SkiSafe, there was another company named AXIS Insurance Company, and its head office is located in Bermuda. All the policies regarding the insurance of SkiSafe are well written and double-checked by AXIS.
As of today, SkiSafe has an excellent reputation, and the company’s record earnings were over 831 million dollars in the year 2017. What makes SkiSafe this elite?
Because the workers and employees at SkiSafe are skilled in boat riding, angling and other extracurricular activities, which makes them easy to understand the customer’s needs and offer them the suitable insurance option.
In case of any emergency, such as a boat accident, our investigation team will do a complete report, not harassing the victims at all. They interrogate them with comprehensive care to file full evidence about the occurrence.
When the report is filed to the headquarters, their fast, responsive employees will enroll the insurance money in no time. In short, their works are fast and efficient.
At a glance, let’s look at the SkiSafe company profile:
| Company’s Full Name | SkiSafe Boat Insurance |
| Company Website Link | www.skisafe.com |
| Headquarters | 1 Hollow Lane, Lake Success, NY, 11042 |
| Founded | 1983 |
SkiSafe- Is There Any Discount?
Unfortunately, SkiSafe does not allow any additional discounts to its customers. This may seem a drawback to some people, which is why they have recently included a seasonal discount in their insurance plans.
SkiSafe offers a winter layout discount, including all types of coverages on and off the water. This includes protection against thieves or any kind of damage to the boat as well.
Frequently Asked Questions
Does SkiSafe offer any kind of short-term policy in its insurance plans?
Unfortunately, no short-term policy is included in any insurance plans of SkiSafe. They all have an annual plan and their recent discount on the winter layout to protect the boat.
How to report a damaged boat to SkiSafe?
The response time of SkiSafe is speedy. You can report the damaged boat to SkiSafe through their online communication system, where they will assign an employee to listen to the whole occurrence and file a report. They even sent an investigation team to further inquiry.
Are there any limitations in boat usage after enrolling for the insurance?
If you enroll on an insurance policy with SkiSafe, you can sail on your boat anywhere in the United States. SkiSafe company will not cover any insurance money if accidents happen outside the borders. It goes against their policy rules.
What kind of discounts does SkiSafe offer to their insurance plan?
SkiSafe offers a minimal amount of discounts to its clients. Recently, they have added a winter layout discount which they will cover for your boat if it is stolen or experiences any kind of travelling damage.
Does SkiSafe offer an insurance policy for low-price boats?
SkiSafe does not care about your boat buying price. If you enroll on their insurance plans, they will try their best to cover your boat’s safety.
Does SkiSafe have any online credit card payment system?
Yes! When you visit their online communication system, there is also a payment option where you will find option named “Pay with Credit Card.” SkiSafe has 1000 dollars limit on the credit card. You can pay the rest of the bills on the phone if your payment is more than that.
Does SkiSafe offer instalments?
Only the member of EZPay can get 25 per cent down instalment payment offers. Otherwise, the system is charged annually.
How long does it take to update the payment status on the SkiSafe website?
After you have made the payment, it usually takes 24 hours to update the payment status online.
Conclusion
Is SkiSafe a good insurance company? Though they provide many benefits and coverages to their customers, there have been many ups and downs in terms of reviews.
Still, if you choose to go with SkiSafe Insurance Company, then conduct your own research and further verify their customer services. A good boat insurance company nearly rises to fame because of its customer care, and if SkiSafe lacks this particular parameter, it is not worth signing with them.
We hope this article will help you to make a suitable and efficient decision for your boat’s insurance. Have fun and sail safe!
Mehedi Hasan is an insurance expert with over 6 years of experience in the industry. He has a deep understanding of various types of insurance policies and is skilled at helping clients find the coverage that best fits their needs. In his current role, Mehedi works as a consultant, advising businesses and individuals on the best insurance options for their specific situations.
He is also a frequent speaker at industry events, sharing his knowledge and expertise with colleagues and professionals in the field. Mehedi holds a degree in insurance and risk management and is committed to staying up-to-date on the latest industry trends and developments. In his free time, he enjoys reading, traveling, and spending time with his family.