Boat owners are not always legally required to carry boating insurance, but there are many reasons why having coverage is beneficial. Much like auto insurance, boating insurance is tailored to the specific needs of the owner. Coverage can help protect you from financial loss in the event of theft, vandalism, or an unexpected accident that causes damage to you, your boat, or others. If you’re still questioning whether to get coverage or not, check out these main benefits of boat insurance.
Purchasing a boat is often a large investment, so it’s important to have financial protection in case an accident, such as a storm, crash, or fire, causes damage to people or your boat. Some homeowner’s insurance policies can provide protection for boats, but most plans generally only extend coverage to boats under 16 feet that are often valued at just $1,000. The more your boat is worth, the more important it is to invest in an “all risk” insurance policy that covers a broad range of potential misfortunes.
Thousands of boating accidents occur each year, many of which result in injuries. The cost of medical bills to treat such wounds quickly adds up, especially if multiple people are harmed. One of the main benefits of boating insurance is that it can help you cover hospital bills for watercraft-related injuries.
If you’re at fault for a boating accident that injures a passenger, a swimmer, or damages another boat, you could find yourself in the middle of a costly lawsuit. Boating accidents can be very expensive, so it’s always worth investing in boating insurance to help cover medical, legal, and property damage costs.
If your engine gives out, or you run out of gas, you may need to call a professional towing service to get you. These services don’t come cheap, though, so it’s important to invest in a quality boat insurance policy that will help cover these costs.
Marine Choice® Personal Watercraft.
We have one of the best programs and price options available for almost all risks and Personal Watercraft is an area where we can't be outdone!
We can offer you tailored packages that include industry-leading features and coverages you may want at a great price!
When enjoying the great outdoors, you shouldn't have to be thinking about your insurance coverage. Make sure you have Recreational insurance coverage from an industry leader. Whether you own a boat, travel trailer, ATV, or Motor Home, we have flexible coverage options and insurance discounts.
From boats, personal watercraft, and off-road vehicles to motor homes, travel trailers, and 5th wheels, we have an array of specialized coverage options. Call me today for more information.
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