If you own a boat, you know how much fun it can be to enjoy a day out on the water. The sun, the waves, and the accident – well, maybe the accident isn’t so much fun. And although accidents can be hard to avoid, being prepared for them is not. Https://floridainsurancequotes.net/boat-insurance/florida-boat-insurace/ says buying boat insurance is a necessity if you own a watercraft. Let’s go over the top 5 reasons you need to buy insurance (besides the obvious).
- Appease the marinas. Oftentimes, before you can launch or moor your boat at a marina, you have to have proof of insurance. The owners of the marina aren’t going to want to have to cover your damages – or anyone else’s, should your boat be the vehicle at fault. It doesn’t matter whether you have an expensive, large boat or a small dinghy. You need to be prepared to take the risk of its loss or the other boat owner’s loss. Furthermore, your boat may need to be insured before you take it on land. Check the requirements of your marina.
- Protect yourself. Have you ever stopped to consider what would happen to you if your valuables were stolen? You’d want to insure them, right? Well, the same applies to your boat. If your valuables are stolen while you’re on board, boat insurance should cover that. Insurance can also protect you against the costs involved with recovering a boat if it sinks. It’s no fun to think about, but it’s happened, so it’s best to be prepared on all fronts.
- Don’t kowtow to towing costs. If your boat has to be towed, chances are that your motor insurance doesn’t cover that, especially if your boat is damaged in the towing process. You don’t have to fork over tons of money for a tow when you’ve paid your insurance dues. With boat insurance, there’s no need to worry about exorbitant prices involved with trailer towing.
- Avoid injury-related bankruptcy. Although it’s really no fun to think about, there’s always a chance of personal injury while aboard a watercraft. If you injure someone else, or you are injured by another watercraft, the costs associated with personal injury or damage claims can bankrupt you. Don’t be caught unaware without insurance. Third party coverage can keep you safe in the event of an accident-related injury.
- Prepare yourself for boat ownership. Many dealerships will require proof of insurance before they agree to fund you for your boat. You can always arrange your insurance plan ahead of time to avoid issues in the future. If you’re concerned about the cost of insurance or about which package is right for you, talk to a boat insurance agent and find out what the pros and cons of each package is.
With these few tips, you will hopefully be able to decide which package is correct for you. Boat insurance is a necessity – so be sure to pick the package here that is the best for your needs.