Boating is a fun and exciting activity that many people enjoy. However, it’s important to remember that boats can be dangerous, and accidents can happen. That’s why it’s essential to have the right boat insurance coverage. In this blog post, we’ll go over eight important things you need to know about boat insurance.
Home Insurance and Boats
If you own a boat, you may be wondering if your home insurance policy covers it. Unfortunately, most home insurance policies only cover small boats without motors. If your boat has a substantial engine or motor, you may need to get separate coverage. Your boating insurance policy will probably end up resembling your auto insurance policy.
Boat Insurance Protects You from Many Different Disasters
Many different disasters can happen while you’re out on the water. Boating insurance can offer you coverage for:
- Sinking
- Fire/explosion
- Storms
- Theft
- Capsizing/stranding
- Collision
Boatowner’s Policies Were Invented to Protect Everyone and Everything
Boating insurance provides protection for you, other boaters, your boat, and your equipment. Some of the different coverages that boat insurance gives you are theft, bodily injury, property damage, liability coverage, and medical payment coverage.
Physical Damage Coverage is Essential
Boats are expensive, as is the equipment that goes along with them. Physical damage coverage covers you for certain losses concerning your boat, motor, trailer, equipment, or other boat-related property.
There are Two Main Types of Liability Coverage That Boat Insurance Offers
Personal liability covers you for what you’re legally obligated to pay to an injured party if there’s a boating mishap. This covers bodily injury expenses, property damage, and legal defense. Medical payments coverage pays the medical expenses that are incurred due to an accident involving your boat. Hospital bills, ambulance charges, and medical bills can be included.
You Can Purchase Additional Coverages for Your Boat
Property and liability coverage are the basic types of insurance that you need for your boat. However, if you want to purchase additional protection, there are several different types of extra coverages that you can choose from:
- Reasonable repairs: It can be expensive to fix your boat if there’s something wrong with it. With reasonable repairs coverage, maintenance to protect your watercraft from future damage is covered.
- Emergency services: This type of coverage takes care of any expenses that come from needing emergency services.
PSW Insurance Offers Comprehensive Boat Insurance Coverage
At PSW Insurance, we understand the importance of having the right boat insurance coverage. That’s why we offer comprehensive boat insurance coverage that protects you, your boat, and your equipment. Our policies are designed to give you peace of mind while you’re out on the water.
PSW Insurance Has Been in Operation for Over Four Years
PSW Insurance has been providing insurance services for over four years. We have the experience and expertise to help you find the right boat insurance policy for your needs. Our team of insurance experts is dedicated to providing you with the best possible service.
In conclusion, having the right boat insurance coverage is essential. At PSW Insurance, we offer comprehensive boat insurance coverage that protects you, your boat, and your equipment. If you have any questions about boat insurance or would like to learn more about our policies, please don’t hesitate to contact us.
