Do You Need Boat Insurance?

[SkiSafe]

We wanted to discuss why boat insurance is so important. After purchasing a boat, you may ask yourself – do I really need boat insurance? The short answer is yes and here’s why.

1. Accidents happen. Even safe and experienced boaters need additional protection on the water, especially from the unexpected.
2. Homeowners policies may extend limited coverage to certain small crafts that meet very narrow restrictions, but they are simply not designed to address the risks associated with owning boats with motors.
3. Boat insurance is vital when it comes to boating injuries. Your greatest exposure as a boat owner is an injury to a guest aboard your watercraft. Get a policy that covers medical expenses.
4. If your boat is towed, your car insurance will not cover towing costs, whether on land or on the water. A comprehensive boat insurance policy can protect you against such fees if your boat requires towing or roadside assistance.
5. Finally, protect your investment. Boats are subject to physical damage, such as fire, theft, grounding, collision with submerged objects, broken windshields, storms, auto accidents, and much more. Why leave your boat unprotected against such risks?

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