How our client’s pontoon boat went for an unexpected pavement ride.
In the unpredictable waters of life, unforeseen events can sometimes catch us off guard. Accidents happen, whether it’s a minor car crash, a flooded basement, or a mishap with your pontoon boat. Having the proper insurance protection is the first step to getting things fixed.
Claim Stories are real-life examples of people who faced unexpected situations and successfully navigated them with the proper insurance protection.
Our latest blog delves into the heart of these stories, showcasing how insurance helps individuals when facing the unpredictable twists and turns of life. It is a reminder that having the right protection is not just about paperwork; it is about safeguarding your peace of mind.
The Claim:
A boat belonging to a client was being returned to the owner after preparations for winter storage were completed. On the way to the client’s home, the trailer became detached from the towing vehicle, and the boat and motor fell off the trailer, landing in the middle of the highway. The boat, motor, trailer, and all its contents were destroyed and scattered across the highway.
When our client learned about this incident, they were devastated. They were worried about losing their pontoon boat and the cost and issue of removing it from the highway. These expenses included the cost of the MTO’s attendance, replacing the destroyed highway signs, renting a crane to remove the boat, and towing it to a storage facility (including storage fees).
Let’s go five years back when the client bought the pontoon boat and spoke with Northern Insurance Brokers for proper protection. The recommended solution by the broker ensured that the client received the full value of the boat and motor “at the time of purchase” with no deduction for depreciation for the 5-year-old boat and motor. Additionally, the costs of over $8000 for towing, storage, and other expenses, were also paid for by their insurance company.
Not only will the client be able to purchase a new pontoon boat and keep making memories on the water, but they can also do so without dipping into their savings to pay for the other costs associated with the incident.
We are here to help!
When you find yourself in troubled waters, knowing who to turn to is crucial. We encourage you to reach out to your broker at NIB so they can provide the best advice and be your support system when you need it the most. Our team is ready to assist and guide you throughout the claims process.
What’s Next?
As your broker, we are here to assist, explain your protection, and advocate on your behalf.
Understanding your insurance policy and the intricacies of the claims process can be overwhelming. As your broker, we are committed to assisting you every step of the way. We’re here to explain your protection, simplify insurance jargon, and be your advocate for a smooth insurance journey.
We work with you to provide protection with the best settlement option. This boat was protected on the “Valued Form,” meaning the client received the original Purchase Price.
We assure you that we’re not just here for the talk but for the action. When settling claims, we work with you to ensure you receive the protection and settlement option that best fits your needs. The example above was covered under the Valued Form, and the client received the original purchase price. This is an example of our commitment to securing the best possible outcomes for our clients.
When unforeseen events happen, proper protection is our goal!
Deciphering protection for specific events can be overwhelming in the sea of insurance options; as your dedicated broker, our goal is to ensure you have the necessary protection for life’s unexpected events.
Here at NIB, we do more than just sell insurance – we are your partners in protection. The next time you wonder about protection, claims, or settlements, remember that your trusted broker is just a call away, ready to navigate the complexities of insurance alongside you. Contact us here or call 705-949-6555 to get started!