Benefits Of Having Boat Insurance

by | Feb 3, 2015 | Insurance

Spending the day on the water on a boat is a great way to spend the day. You can go fishing off your boat or just hang out with family and friends, enjoying that water and the sunshine. When you purchase a boat, you should consider getting Boat Insurance. You wouldn’t drive your car without insurance, why would you want to drive your boat without insurance? There are several advantages to getting boat insurance.

Liability Coverage

This coverage is excellent if you are in some type of accident while you are on the water. It would cover any property which was damaged during the accident, and in many cases, any injuries which were sustained in the accident.

Physical Damage Coverage

This type of insurance is meant to protect your boat. If you collide with another boat or a submerged object, it can cause serious damage to your boat, and possibly total it. When you have coverage on your boat, you will be able to get your boat repaired. This can have you back on the water, quickly.

Medical Payment Coverage

This type of coverage is for you, or any other people on your boat who are hurt while on the water. The last thing that you want is to be sued by someone who was injured on your boat, without the proper coverage.

Personal Property Coverage

If any personal property is damaged or destroyed while on the boat, this type of coverage will cover these items.

Towing and Assistance Coverage

Most people have roadside assistance for their vehicles. Why not have the same type of coverage for your boat? Like a car, a boat can run out of gas. It can be much more difficult to get gas while you are out on the water, rather than driving down a city street. This coverage includes gas delivery. If you break down out on the water, there is a tow service available to get you off the water, and to get your boat to a repair shop.

Loss Coverage

This type of policy covers total losses due to fire, theft, flood, hurricane, sinking, and collision.

Getting Boat Insurance is one of the most responsible things that you can do. It will also give you peace of mind that should something happen out on the water, that you are covered.

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