Thinking of heading out on the water again as the weather starts to heat up? Consider protecting your property with watercraft insurance! There’s no substitute for the right insurance coverage when it comes to peace of mind. Read on to see if watercraft insurance might be right for you!
What’s Watercraft Insurance For?
Home insurance doesn’t cover everything, and if you’ve made an investment in a boat, it might be time to think about watercraft insurance. This applies to anything from a paddle boat to a power boat– though if you’re lucky enough to own a yacht, you’ll want to take a look at specific yacht insurance policies instead. Even a small watercraft can be costly, and we want to make sure you’re protected in case anything unexpected occurs. If you love spending time on the water and want to leave your worries on dry land, looking into insurance is a good choice to make.
What Does Watercraft Insurance Usually Cover?
Standard policies usually cover two scenarios: physical damage to the boat and liability. The first aspect applies to damage wrought by a collision, fire, severe weather, theft, or vandalism. The latter includes any damage you inflict on other people or boats while on the water and will cover any associated legal costs. One thing to look out for on potential policies is oil spills, which can occur when a boat is severely damaged. You don’t want to be responsible for the cost to the environment– or your wallet.
Another watercraft insurance category covers damage to any personal belongings kept on your boat, including if they’re stolen. This option is great for those who like fishing or water sports and keep expensive equipment on board. Additionally, some policies offer boat towing and assistance coverage in case your watercraft breaks down away from shore. If you end up stranded out in the water for an hour or two, the last thing you want to worry about is paying out of pocket for any towing fees.
Ready to Get Started?
If you’re beginning to think watercraft insurance could be right for you, give us a call at 410-552-0403 or fill out our quick online form here to get in touch with one of our insurance advisors. There’s no obligation, just good-old-fashioned advice. Liberty Preferred Insurance Group is proud to offer comprehensive insurance solutions in Maryland, District of Columbia, Pennsylvania and Virginia.