Yes, even boats need insurance. Your homeowner’s policy and auto insurance policies will only cover a portion of the risk of owning and operating a boat. Most likely your auto policy provides coverage while the boat is being towed. Of course, this is only up to the limits on your auto policy. But there are more things that need to be covered besides towing. That is why you need boat insurance.
Boats are “driven,” even if it’s on water. Considering this, they are a liability risk. Not only that, many boats are very expensive. And it is a good for you to protect your large purchases. This policy would serve to cover any physical damage on your boat, as well. But, keep this in mind. Depending on your insurance carrier, state of residency, etc, some policies have a “lay-up.” In other words, your policy or coverage will be suspended for several months during the time that boats are not typically in use.
How do I get Boat Insurance?
There are also specific areas where policies extend coverage. Your policy will be determined by where you go boating. Do you take your boat to inland areas (lakes, rivers) or coastal areas? Of course, there are policies to cover those boats that are on the open ocean. Quest Insurance is here to help you determine the exact coverage you need. We are well versed in placing policies, and we will help you understand your coverage.