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Fishing boat insurance cost in India is an essential consideration for local fishermen and boat owners. This type of insurance provides coverage for various risks, such as damage to the boat, theft, and liability for accidents. In India, the cost of fishing boat insurance can vary based on factors like the boat\“s size, age, and the fishing area. Typically, premiums are calculated as a percentage of the boat\“s value, ranging from 1% to 3% annually. Many Indian insurance companies offer specialized policies tailored to the fishing industry, ensuring affordable protection. It is crucial for boat owners to compare different plans to find the best coverage at a reasonable cost, helping safeguard their livelihoods in the vibrant Indian fishing sector. |
