Summertime is the perfect opportunity to embrace warm, sunny days by going boating. But if you’re the happy owner of a boat, then be aware that getting insurance coverage for it is equally important as car insurance or homeowner’s insurance. Here are the basics of what you need to know about boat insurance.
Boat Insurance Coverage
There are countless risks once you take your boat out on the water. But boat insurance provides excellent coverage for nearly every circumstance. Some examples of incidents insurance can cover your boat for include storms, crashes, fires, theft, and even sinking. And such thorough coverage will apply to you, any passengers and gear on your boat as well as any other boats involved in an accident. Think of all of the situations that will have insurance coverage; whether you use your boat for fishing or family outings, including the expensive technology such as GPS that most boats have now. With all of these benefits, you can’t afford to use your boat without insurance.
When investing in boat insurance, you will want to get the basic property coverage and liability coverage, which are the standard types that will protect you in most situations. But there are additional types of insurance coverage that you should also consider. You can get insurance coverage for emergency services while onboard your boat, the costs of retrieving a sunken boat, and some repairs. Keep in mind that each type of coverage has its limitations, which is why you can also invest in umbrella coverage to help fill in any gaps that you boat insurance doesn’t cover on its own.
Again, it is important to highlight the exceptions when it comes to boat insurance. First, you cannot apply your home insurance policy towards boat insurance. However, you can cover small boats without motors, such as canoes, under your home insurance policy. Talking to an insurance agent will help you determine whether your or not your boat needs its own insurance policy. If you want to know how to avoid relying on your boat insurance unless you really need to, then taking preventative measures is key. Make sure to give your boat the proper fuel and always carry fire extinguishers on board. You can also take a boat safety that is sponsored by the Red Cross or the Coast Guard.
Get in Touch with Wachter Insurance
Whether you need homeowners’ insurance or automobile insurance, our team at Wachter Insurance Agency, Inc. is here to help. We offer all of our clients competitive rates, professional customer service, and a huge range of policies to choose from for your needs. We have been serving Maryland, West Virginia, Virginia, Pennsylvania, and the District of Columbia since 1969 and we would love to help keep your home and family safe every day of the year. For more information, give us a call at (301) 371-6335 or visit us online. For more blogs like these, follow us on Facebook, Twitter, and Pinterest.