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marine insurance glossary Information |
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Boat/Marine Insurance Tip:
Is Your Boat New or Old?
Many insurance companies offer discounts to the owners of new boats. If your boat was built more than 5 years ago, an inspection will be necessary to assess a discount, if any. Your inspection should be completed by any qualified marine surveyor or an Accredited Marine Surveyor before buying a used boat. Check with your insurance company for an approved inspector.
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