What does an insurance policy for a boat cover?

Boat insurance for your boat, is basically identical to auto insurance for your car/SUV. You start with Liability Insurance to others, both Bodily Injury and Property Damage. The big difference is that Boat Liability is much cheaper, meaning that most people buy higher limits. Medical Payments on a Boat Policy, is the same as Medical […]

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Who insures insurance companies

Reinsurers may insure insurance companies but insurance companies “self-insure” or set aside reserves to cover any expected payouts under the policies. How it works: Sometimes insurance companies hold all the risk from underwriting policies. Sometimes insurers buy insurance from reinsurers for part of the risk. Insurers almost never lay off all such risk to others. […]

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