When you have the warm sun on your face and a breeze in your hair, you aren’t worrying about what will happen if your boat gets into an accident. Unless you live in a state that requires vessel insurance, you may not have taken out a policy to address the liabilities of your hobby craft. However, the right insurance will make a big difference in your ability to sail worry-free.
With boat insurance, a policy could provide the financial coverage when damage occurs to your boat or parts of it equipment, as well as damage your boat might bring to other boats or property and any bodily injuries that may occur due to an incident involving your boat. Vessels that are usually eligible for coverage include both engine and sail-powered crafts, but vessels that are usually excluded are personal watercraft, such as:
- Wave runners
- Wave jammers
- Jet Skis
Why a Special Policy?
Although boat insurance isn’t always required, the expert information found at www.wqis.com/ advises that you purchase a stand-alone policy rather than relying on your homeowner’s insurance to cover potential damages. While there may be some inclusions of your craft on your other policy, boat insurance lets you specialize in your protection and guarantee financial security when an accident occurs. Paying for the repairs of your boat, someone’s medical bills or the costs associated with legal action could destroy your life’s savings. Don’t’ sail into a disaster; purchase boat insurance.