Boat Insurance: Keeping Your Assets ‘Afloat’ on Stormy Seas
No responsible, civic-minded driver anywhere would consider getting behind the wheel of a car without proper auto insurance. If you’re a boat owner, taking to the water without adequate coverage is no less risky.
Owning a boat or watercraft is loads of fun—water and sun, memories, and fun—but boat ownership comes with serious responsibilities, serious risks, and liabilities. If you own a boat, you need to secure proper coverage to protect not only yourself, but also your family, your property, and investments, too.
You’ve also got an obligation to others sharing the water with you. Suppose you were in an accident out on the water for which you’re judged legally liable for damages and/or injury to others. What would happen if you didn’t have proper boat insurance? Financial ruin is a real possibility. Don’t let it happen!
What Does Boat & Watercraft Insurance Cover?
Typically, boat insurance policies cover the most common perils related to physical damage to the boat:
Standard boat and watercraft policies also provide reimbursement for damage to numerous items related to boating. Such items include the boat itself, of course, and the motor too. Coverage also extends to the trailer deployed to tow the vessel to the water. The list of covered items also includes equipment permanently attached to the boat, along with anchors, oars, trolling motors, extra fuel tanks, tools, removable canopies, seat cushions, life jackets, and preservers, skis and tow ropes, dinghies, and more.
Many watercraft insurance policies also cover labor costs for repairing and/or replacing the boat and any related equipment. Most standard boat insurance provides basic liability coverage, too. Florida law doesn’t require boat coverage, but to not carry some degree of coverage is not worth the risk.
Rumlin Insurance Agency offers free, comparative quotes on personal boat and watercraft insurance from multiple insurance carriers, assuring you of the best possible rates. Want to see how much we can save you? For a free online boat insurance quote, call Rumlin Insurance Agency today at (904) 764-1753 or fill out our online quote form on this page!