220 High St.
Chestertown, MD 98765
People purchase boats for a variety of reasons. There is nothing better than a nice day on the water relaxing or fishing. Some people purchase a boat because fishing is more than a hobby to them, it is a business. Further, some people purchase a boat for water sports, such as water skiing, parasailing, swimming in the open water, and scuba diving.
If you purchase a boat for any of the above reasons, it is important to purchase a boat/watercraft insurance policy.
Boats can be very expensive. If something were to happen on the water, such as a collision with another boat, a collision with a rock or standing object, of if the boat runs ground, it can be damaged or destroyed. If the boat is on the water during a severe storm, it can sink. Any of these situations can result in a total loss. If you have taken out an insurance policy on your boat, your investment will be protected.
While some states do not require boat owner to have insurance, it is highly recommended. There are two types of boat insurance. The first is an Agreed Value Policy. This policy pays you an agreed value of the vessel in the event of a total loss. If you need repairs on your boat, you are paid on a “new for old” basis. The second type is an Actual Cash Value Policy. This type give you the actual value on all covered property. It is important to understand that property losses are subject to depreciation.
Not only does your boat need to be protected, the people on the boat need protection as well, in the case of an accident. Without proper insurance, you could be responsible for any physical injuries and property loss of the passengers on your boat, and the passengers on the other boat involved in the accident.
If you have questions regarding boat insurance, it is a good idea to contact independent insurance agents, to get quotes so that you can find a policy that fits within your budget. Unless you have owned a boat in the past and had a policy, you may not understand much about boat insurance policies. The professionals at Hogans Agency, Inc, one of the leading boat insurance agents, would be able to let you know the types of coverage available, and how each can help you in case of an accident or natural disaster. The last thing that any boat owner wants is to be caught without insurance if they are involved in any type of boating accident.
"The Hogans ®Agency has been with us through every step of our journey and have become an extension of our team. They are true business partners. Matt and his agents are proactive and always seem to be one step ahead of every business decision that we make. They are a remarkable, hardworking, professional group! Hands down, the best in the industry.”
“I called Hogans® for a Homeowners and Auto quote and spoke to Drew. He was very quick in getting me my quote back and was a pleasure to deal with (I also saved over $250.00 from another policy). Great experience.”
"We have been associated with The Hogans® Agency for both our personal as well as business needs for roughly 30 years. This relationship has included the Real Estate and Insurance groups. Their overall level of industry knowledge and service is exceptional. In the relentless challenge of increasing costs of our Health Insurance for 37 employees, Hogans Agency has tirelessly sought options that provide the level of coverage for the employees at the lowest increases reported by other companies in the region and nationally. They have also been very active in securing Bonds for our construction projects. They are an excellent strategic corporate asset and attend to personal requirement with the same energy."
"Normally I am very reluctant to refer or recommend any person or service. However in the case of Hogans® I have reached the point where I have no reservation at all. They are truly a full service Independent Agency. Which certainly is evident when you come to the bottom line of your quotes."
"The Hogans® Agency was thorough and treated our situation with dignity and respect. They used their personal small town touch to deliver top-drawer, big city policies which resulted in an enormous cost savings without losing any coverage. The staff is super responsive and answers all correspondence quickly, politely and with the “Hogans’ flare”. We recommend Hogans with complete confidence that they will do the absolute best for all their customers. Thank you Hogans!”
"I have been a customer of Hogan's Insurance for over five years and have been very satisfied with their service. Chuck Woodfield has been my agent, and, over the years has been professional, courteous, and above all, accessible. Any claims, such as hurricane haul outs were settled in a timely manner with no questions asked. Last year, I had a grounding which could have ruined my charter season. The repairs were begun as soon as we hauled out, and with the help of Hogans' adjuster, everything was repaired or replaced in less than two weeks. Perhaps the best endorsement I can give for Hogan's is the fact that after one year of coverage, Chuck found a better policy for a cheaper price. I have never had an insurance company decrease my rates, and I plan on sticking with the company who is looking out for my best interests.”