Boats, like most motorized vehicles, are susceptible to various risks. Whether your boat is out on the water or in storage for the winter, unforeseen accidents can occur. Acquiring a boat insurance policy is an excellent way to protect yourself from covering high costs if an accident occurs.
What Is Boat Insurance?
Boat insurance works like a contract. Boat owners typically pay an insurance premium for their boat insurance policy in exchange for financial assistance from their insurer if an accident occurs. Typical incidents in which an insurer might step in to help include collisions, property damage, medical costs and fire or weather damage while a boat is in storage. Coverages can vary from owner to owner, so be sure to reach out to Marinette Insurance and Financial Services, LLC, with any questions.
What Does Boat Insurance Cover?
While options vary among boat owners, a typical boat insurance policy might include the following types of coverage:
Liability coverage helps cover expenses if your boat causes damage to another person’s property.
Medical payments coverage helps cover medical expenses if you or a passenger gets injured on your boat.
Boat insurance property coverage helps protect your boat from various risks and potential incidents by covering costs related to incidents such as theft or vandalism.
Uninsured watercraft coverage helps cover expenses if an uninsured boater collides with you and causes injury to you or your passengers.
Additional coverage options may be available, so be sure to reach out to one of our agents for more information.
If you are a boat owner near Marinette, Wisconsin, we can help you. The agents at Marinette Insurance and Financial Services, LLC, are dedicated to helping you learn more about boat insurance policies so you can decide on a policy for you and your boat.
Reach out to one of our agents today at 715-735-7425 to learn more about potential coverage options.