Boat Insurance…Why You Need It

By Contractors Insurance Agency Uncategorized Comments Off on Boat Insurance…Why You Need It

It is finally summer and you can spend time enjoying the sun and water.

If you own a boat, you want to make sure that you are fully covered and protected so that you can enjoy your time on the water stress free.

Your boat was an investment of more than money.  It was an investment in time well spent with family and friends. It was an investment in stress free moments relaxing.

Boat insurance is a policy you want to ensure you have so that you are covered when the unexpected happens (same as if you would want for your automobile or any other fun “toy” you have).

The policy is in place to cover damage to your boat or equipment as well as injuries to people and damage to property or other boats.

When you have the proper insurance, you can rest assured that if an accident occurs you are usually only responsible for paying your deductible and your insurance can cover the rest. Without that policy you could be responsible for covering the full cost of repairs to your boat or someone else’s, legal costs or even medical bills. If you are not properly covered, that accident could cost you more than you have! You don’t want to put your family’s financial stability in the hands of fate.

The policy gives you protection options that are specialized such as increased physical damage limits, coverage under more situations and medical payments coverage.  It will cover you on land, in the water and even in storage during the winter months.  So whether you are floating on the water or storing your boat, you will be covered for whatever comes up.

Similar to auto insurance, when you are getting boat insurance it an also be customized to fit your needs and budget.  The coverage can be determined based on the size, type, age and value of your boat and even where you plan to use it.

Most policies cover:

  • Bodily injuries sustained by you or someone else, resulting from the boat
  • Property damage to your boat – such as theft or vandalism
  • Property damage by your boat – such as damage to another boat if your boat causes an accident

Anything can happen, even when your boat is in storage, including theft, fire or damage. Having a policy to cover your boat is a great way to protect your investment year round.

If you would like to talk to one of our licensed agents here at John Scott Insurance Agency just reach out and we can help you get the coverage you need so you can sail away and enjoy your time.

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