catamaran insurance is highly recommended for owners to ensure that you have proper protection when sailing. If you are in doubt about your requirements, always contact a qualified insurance provider. Insurance cover is provided in similar ways to that of your home or your car, as you will more than likely opt for coverage for the catamarans current value, and the level of liability cover you require typically between 1.5% and 3% of the vessels value.

It is important to consider whether you want replacement cost coverage or current value coverage as these are two very different things, with the former coming with a much higher price tag. However, replacement cost catamaran insurance is a better form of cover if you would struggle to pay out the cost of replacing the vessel. You must remember to check your policy wording when purchasing the replacement catamaran as most insurance companies will only pay out for the cost of a brand new boat.

There are a few common loss concerns so consider these when you are obtaining catamaran insurance cover:

• Fire
• Theft
• Property liability
• Personal injury liability
• Third party damage
• Storm damage

If you are hoping to get your hands on cheaper catamaran insurance, think about the value, size, age and condition of your vessel as these all factor in to the total annual premium. There are other things which can impact on the price of your insurance such as how much boating experience you have, whether the catamaran is for business or leisure, whether you have a dinghy on board, and the area of water you intend to cover.

If you own a catamaran for the purpose of relaxing and cruising around coast lines consider your insurance cover as it is highly unlikely that you will need high levels of cover, such as ocean coverage. If you inform the insurance provider of all these factors, they should be able to provide you with adequate catamaran insurance cover to suit your budget.