My Account
At Ken Boldt Insurance Agency II Inc. in Green, OH, we talk with boat owners regularly who find out too late that their policy did not cover what they assumed it would. Boat and watercraft insurance is not a one-size-fits-all product, and the gaps in many standard policies can leave you in a difficult spot when something goes wrong on the water.
On-Water Towing Is Rarely Included
Many boat owners are surprised to learn that on-water towing is not automatically part of a standard policy. If your engine fails out on the lake and you need help getting back to shore, that bill can grow quickly without the right coverage. The same applies to trailer-related incidents during transport. Always confirm whether towing is included before you assume it is covered.
Personal Property and Equipment
The gear you keep on your boat is easy to overlook when first setting up a policy. Fishing equipment, electronics, safety gear, and personal belongings are not always covered under a basic plan. If those items are stolen or damaged in any way, you could end up paying out of pocket for all of it. Confirming your personal property limits before the season starts is a smart habit for every boat owner.
Agreed Value vs. Actual Cash Value
How your boat and watercraft is valued after a total loss is one of the most significant gaps in many standard policies. Actual cash value coverage factors in depreciation, meaning the payout could fall well short of what you actually need to replace the vessel. Agreed value coverage eliminates that problem entirely.
Reach out to Ken Boldt Insurance Agency II Inc. in Green, OH today and let us help you close every gap before it costs you.
