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-: Even if you're an experienced boater,
there are still risks on the water.
Boating accidents can lead to severe damage,
and if you lose your boat, make sure you're covered
for some or all of the replacement.
Should you need to replace your vessel,
boat insurance can help replace the boat
without having to dip into your own savings.
A standard boat policy will usually
divide up hazards into two categories.
First there's collision coverage,
which protects from accident
or collision damage to the boat.
Collision coverage typically covers
the repair or replacement of the hull.
Then there's comprehensive coverage.
Comprehensive covers hull losses that stem from
other hazards, like fire or theft, or other damages.
Make sure your policy covers you where you use the boat.
Your policy should cover the boat
both in and out of the water.
It should also cover you on specific bodies of water
on which you would tend to be, like a lake or ocean.
If you lose your boat, you'll want it replaced.
Replacement coverage pays the full cost
to replace the boat, or make total repairs.
Agreed-amount coverage pays a pre-determined amount
for the replacement of the boat.
For market value coverage, you may only receive
the boat's current value in compensation.
Be aware that this may not be enough money
for you to replace your vessel.
Now, if you can afford repairs, then agreed-amount
or market value coverage could work,
but if you can't afford repairs,
consider replacement value coverage.
This may impact the price of your policy,
but you could face even more financial hardship
without the right coverage.
Before you go back out on the water,
make sure you're covered.
Call us today for a quote.
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