Get Your Boat Ready for the Summer with Boater's Insurance

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If you are a boat owner, you probably spend much of winter dreaming of hot, sunny summer months out on the water. As you look forward to boating season, you wait for the weather to warm so you can drop that boat in the water for fishing, waterskiing, or cruising around the lake. But while you wait, winter is a great time to ensure you are ready for boating season with outstanding boater's insurance coverage.

So what is boater's insurance all about, and how do you find the right policy for your needs?

Not all states require you to have boater's insurance, but with the average boater's insurance claim hovering around $11,000, you will quickly see why it is wise to make having boater's insurance a top priority. Additionally, if you are financing your boat, your lender will likely require you to have insurance. Either way, the amount of insurance you need depends on the size of your vessel, type, and value.

Like car insurance, there are several types of boater's insurance coverage:

Property Coverage

This insurance protects the vessel against theft, damage, or even sinking. Your insurance agent can help you choose between having coverage for the actual cost value or the replacement cost coverage (agreed value.) Typically, the coverage applies to the boat on either land or water.

Liability Coverage

This insurance protects you from damage caused by your boat, such as an injury, an accident with another boat, or damage to someone else's property. Liability insurance also covers some of your legal fees if you are sued over a problem that the boater's insurance policy covers.

 

Uninsured Watercraft Coverage  

If you have an accident or incident with a boater who is not insured, this portion of your insurance policy will cover your damages.

 

Medical Payments Coverage 

Unfortunately, accidents involving injury sometimes happen on boats. Medical payment coverage will assist you and your passengers in paying for medical bills related to an injury on your boat.

 

Other Coverage to Consider 

As all boat owners know, there is much more to owning a boat than just the boat. Therefore, you might consider this list for additional coverage needs related to your boat: 

·       Boat Trailer 

·       Towing system 

·       Fishing gear or other special equipment 

·       Mechanical breakdown 

·       Dock contract liability 

·       Sound System 

Looking into these things now will prepare you to get the boat out on the water when the weather is right. The right insurance agent will point you in the right direction for boater's insurance coverage. Then, enjoy your boat this summer with the peace of mind that you are covered if you need it.

As your local Allstate Agent, Eric Kyer can offer customers options for various coverages and services, including boater's insurance. You can depend on Eric's commitment to helping Dalton residents assess their immediate and long-term needs and choose options to help them achieve their goals.

Eric is available to answer your questions when you want to explore options for protecting your home, personal property, or financial future. If you're already a customer, let Eric review your coverage so that you can make any necessary adjustments to fit your changing needs. Call Eric Kyer today at 706.226.5240, request a quote online, or send an email.

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Sources:

https://www.forbes.com/advisor/insurance/boat-insurance/