If you operate a boat or watercraft, chances are it’s not sitting in the boatyard collecting dust. When you operate any vehicle, being insured against any damage, losses or accidents can make a tremendous difference in your quality of life and the safety of others. Wondering whether or not you need boat insurance is a fair question, and here are a few reasons why you do:
- Your home insurance policy may or may not provide coverage for your boat.
- You can get significant discounts when you bundle your policies with your current provider.
- If you are in an accident or cause harm or injury to someone else, the policy can cover liability and medical payments.
- Boat insurance covers accessories and other items that you are probably unaware of.
How is Boat Insurance Different from Other Policies?
Boat insurance covers water vehicles and includes protection for bodily injury, property damage to others’ property and physical damage if you mistakenly hit something. A really detailed policy will include comprehensive coverage that covers your boat from theft, fire and vandalism, along with fishing equipment, communications equipment, uninsured boater coverage and roadside assistance in case you get stranded. If you aren’t using your boat for some time, you may be able to delay payments until your boat is in operation again, which is a great incentive for those winter months when your boat is not in use.
Is a Boat Insurance Policy Expensive?
Working with the right agent can assist in obtaining a policy that meets both your expectations and budget. When assessing your needs, they will be able to make recommendations that will cover all the bases. Little things like taking a class on boating safety, increasing the number of safety features on your boat and being specific in the types of coverage you want can all help decrease the cost of insurance.
Don’t get caught on the water without an adequate policy. You’ll be happy you took the time to be proactive in protecting not only your investment, but others around you. When operating a vehicle, especially on water, it’s always best to err on the side of caution and get the insurance you need. Having fun on the water is so much better when you have peace of mind.
Protect your watercraft this season. Call The Weimer Group at (877) 791-1707 for more information on Philadelphia boat insurance.