Drop Anchor with Confidence - Boat Insurance

If you are lured by the call of the sea and love being out in the sun and the water, chances are that you own at least one boat.  You might own even more.  As with any other type of vehicle, owning and operating a boat carries certain risks.  Accidents can happen, and you may be liable for damages to property, life, or limb.  Even if you don’t think you will ever run over a kayak or accidentally decapitate a member of an endangered aquatic species, it is always better to be safe than sorry by protecting your investment with boat insurance. 

Boating to the Hospital 

Obviously, each company that offers boat insurance will have slightly different policies available.  Most of them will allow you to tailor your insurance coverage according to your own needs.  One common offering is medical coverage.  While you may have good medical insurance, you may have someone on board your boat that doesn’t.  If someone is injured as a result of your boating skills (or lack thereof), your boat insurance will cover it so that you avoid financial ruin.  This covers the people inside your boat rather than people in another boat.  Usually if someone is attached to your boat on jet skis, he or she will also be covered by the policy.  Some boat insurance policies will also cover you if someone else causes injury to people on board your boat, but this varies by policy.

Covering Your Assets

Buying a boat is obviously a pretty major purchase.  One of the primary reasons for having a boat insurance policy is making sure that your investment is protected from physical damage or theft.  A good policy will cover your boat wherever it is (in your yard, hitched to your truck, or on the water) and will cover any type of damage that may take place, whether the neighborhood kids decide to take a baseball bat to it or a tornado sends your boat flying into the neighbor’s yard.      

We’re Holding You Liable for This

As with auto insurance, liability coverage is essential for anyone with boat insurance.  You might cause injury to someone else on the water.  You might damage someone else’s boat or cause damage to a dock or a bridge.  Whatever the case, you are financially liable.  Once again, it is important to have good coverage so that you don’t end up having to sell everything you own to pay for the damages to someone else’s luxury yacht.  If you are a boating enthusiast, good boat insurance can protect you and your investment.