Why You Need Boat Insurance

Some people simply overlook boat insurance.insurance agent. For this reason, it is important to
They think that nothing bad is going to happen,know what type of coverage is available. Not all
when in reality, bad things often happen involvinginsurance companies will offer all types of
boats!coverage, but they will offer Watercraft Liability
If you own a boat, you need boat insurance. Inand Watercraft Medical payments.
fact, many states now require boat owners toWatercraft liability covers you just like car liability
carry Watercraft Liability insurance before theyinsurance protects you in the event of an
transport or operate a boat. If your boat hasaccident where you are found to be at fault.
been financed, your lender will almost alwaysMedical payments will cover medical expenses
require you to carry full coverage boat insurance.incurred by you and the occupants of your boat
Again, most people don't think anything bad willthat are the result of a boating accident in the
happen - but bad things do indeed occur!covered water vessel.
Vandalism is one problem that you mayOptional insurance usually includes coverage for
encounter. This is especially true if you dock yourreasonable repairs, emergency services to your
boat in a marina. Vandalism can also occur whenboat, motor, or boat trailer, and wreck removal.
you park your boat at your home, or at a hotelWreck removal is very important coverage to
when traveling.have. If you boat sinks, it will need to be raised
When you shop for insurance, make sure thatbefore an insurance company can access the
vandalism is covered on your policy. Most issuersdamages and pay your claim. This is very
of boat insurance will only offer you theexpensive, and in most states, the law requires
Watercraft Liability - but in most cases, you needyou to remove wrecked or sunken vessels.
more coverage than that! Theft is anotherBoats may be luxury items - but they are very
possibility. Cars are stolen all the time - but boatsexpensive luxury items.
are stolen as well. In fact, stealing a boat is easierRepairing or replacing a boat may not be
than stealing a car!something that you can easily afford - but in
Boat insurance should cover you in the event ofmost cases, you will find that boat insurance is
vandalism, theft, sinking, fire, storms, capsizing,quite affordable. However, if you are thinking in
stranding, collision, and explosion. Furthermore, theterms of cost, and you think that you cannot
insurance should cover the boat, the motor, andafford the boat coverage, you can be certain that
the trailer used to transport the boat. The boatyou will not be able to afford to repair or replace
should be covered no matter who is operating thethe boat either!
boat, as long as they are legally allowed toNo matter how you look at it, you need boat
operate the vessel.insurance, even if you just purchase the
Boat insurance will typically cover you in the eventwatercraft liability coverage. Again, most states
of malfunction as well. If something happens tonow require this liability coverage for water
your motor, it should be covered by yourvessels, and if the boat is financed, the optional
insurance. It should also cover you in the eventcoverage may be required as well.
that your boat needs to be towed back to shore.Discuss your boat insurance coverage needs with
What you are covered for depends on what typeyour insurance agent to determine what coverage
of coverage you purchased through youris right for you and your boat.