Your Business Matters, Especially During Hurricane Season – Part 2
October 19, 2020
Your Business Matters, Especially During Hurricane Season – Part 1
September 29, 2020
4 Things to Know Before Your Late Summer RV Shopping Quest
September 18, 2020
4 Things You Should Keep in Mind When Severe Weather Strikes
September 8, 2020
4 Important Insurance Policies That Every Millennial Should Have
August 14, 2020
The Importance of Business Interruption Insurance During the Hurricane Season
July 31, 2020
COVID-19: Employee Health Insurance is Pivotal Now More Than Ever Before
July 10, 2020
How Your Speeding Ticket Can Affect Your Car Insurance Coverage
June 30, 2020
Fire Insurance: Why You Shouldn’t Ignore It
June 9, 2020
4 Things You Should Keep in Mind When Hurricane Season Begins on June 1st
May 29, 2020
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Don’t Rock the Boat: Stay on Top of Your Boat Insurance
As the weather gets warmer and the desire to cool off intensifies, many people make their way to the beach with their boats in tow. If you’re ready to do the same, it’s important to give your boat and yourself protection to enjoy your time with no worries in mind. So, what should you keep in mind when purchasing boat insurance? At Shepard Walton King, we have the information you need.
What is Boat Insurance?
Boat insurance protects most motorized watercraft – fishing boats, pontoon boats, paddle boats, yachts – and covers them when lost or damaged. Keep in mind that this insurance does not protect kayaks, cover canoes and personal watercrafts.
What Does it Cover?
Boat insurance can vary but it regularly includes:
- Collision Damage – includes repair or replacement but may not include wreckage-cleanup costs.
- Property Damage Liability – can cover damage that may occur to other watercraft or structures.
- Comprehensive – compensation for vandalized, stolen watercraft or boats damaged in non-collision incidents.
It’s important to understand that additional coverage options for medical payments, fishing equipment and oil spills can also be available.
Is Boat Insurance Required?
You may be wondering if boat insurance is required by law, but this depends on several things. The need for liability insurance varies by state. You may additionally need boat insurance to dock your vessel at marinas that require it. If you decide to take out a loan for a boat, your lender will likely require you to purchase insurance.
Are Passengers Covered?
The liability section of your boat insurance policy can cover passengers in case of an accident. Keep in mind that this coverage may not protect water skiers that are pulled by your boat depending on the policy you choose.
Don’t let your boat’s maiden voyage turn into a complete disaster. Keep it protected and take to the seas with the peace of mind you need. Contact the insurance agents of Shepard Walton King today to get the plan that best fits your needs.