Ken Boldt Insurance Agency II, Inc.

2205 Greensburg Rd
Green, OH 44720

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What Are Some Common Mistakes People Make When Buying Boat Insurance?

Choosing the wrong policy or not reading the fine print can lead to some unpleasant surprises when something happens. Many policies have a cancellation clause that goes into effect if the boat is not maintained according to manufacturer recommendations. Others have a provision for declining value if the model is not kept up to date with the latest safety features.

For expert insurance advice, consult with Ken Boldt Insurance Agency II Inc. in Green, OH. 

Common Mistakes & Boat Insurance 

As with any insurance policy, the most common mistake people make when buying boat insurance is failing to shop around and compare quotes from different providers. Boat insurance may seem like a one-size-fits-all product, but there are actually significant differences between policies, even within the same company. Understanding exactly what you need and then researching different providers will help you find the best fit for your situation and save you money as well! 

Not buying enough coverage, not updating the policy when you buy a new boat, or not filing a claim if your boat is damaged are a few common mistakes people make when buying boat insurance. Most insurers will not offer an exact amount for the value of your boat when you apply for a policy. Instead, they will request information about the make and model of your boat, as well as its value when brand new. Ensure you provide all the information the insurer requested to avoid delays in your policy. 

Boats are an investment, and just like any other type of insurance, it pays to do your research. The easiest way to save on boat insurance is to shop around. Many insurers offer an online quote tool, so it’s quick and easy to get a quote for your boat. It’s also important to certify you have the proper boat insurance for your particular boat. Boat insurance may seem like it’s standardized, but there are differences in coverage from one policy to the next. 

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Finally, it’s important to keep accurate records of your boat maintenance. Buying boat insurance can be confusing, especially for a first-time buyer. While it’s true that insurance isn’t necessary if your boat is tied up and not worth more than its value (typically less than 10%), it’s still a good idea to have it. 

Setting a budget and doing your research are the best ways to avoid common pitfalls when buying boat insurance. If you’re unsure about how to find the right policy for your needs in the greater Green, OH community, give us a call and consult with our agents at Ken Boldt Insurance Agency II Inc.

Learn About Boat Insurance

The best way to enjoy your boat for years to come is by making sure you have adequate boat insurance in place. At Ken Boldt Insurance Agency ll Inc. serving Green, OH, we can help you learn everything you should know about boat insurance. 

Is Boat Insurance Required?

Different states will have different requirements concerning boat insurance. Even if the area you live in does not require boat insurance in order to legally operate the boat on open water, you will want to consider purchasing boat insurance. Boat insurance is the best way to protect the investment you made in the boat as well as to protect other boaters and those who will spend time on your boat. If you plan to travel with your boat, sufficient boat insurance will make it possible for you to enjoy your boat where ever you may go. 

What Does Boat Insurance Cover?

Boat insurance can be customized to suit your particular needs, but in general, most boat policies will provide coverage in the following areas:

  • Property damage- If your boat is damaged due to an accident, fire, natural disaster, or burglary, the policy will kick in to help reimburse for your losses. 
  • Liability coverage- If your boat is involved in an accident which causes damage to another vessel you could be held liable for the expense of repairing or replacing that vessel. If someone is injured on your boat, or injured in an accident that your boat caused, you could also be held liable for medical expenses or legal fees. Liability coverage will protect you from paying these expenses out of pocket. 

If you would like to learn more about our insurance products or services, please contact us at Ken Boldt Insurance Agency II Inc. serving Green, OH. 

A Guide To Help Ohio Residents Find Boat Insurance Coverage

For over 20 years, Ken Boldt Insurance Agency II, Inc. has assisted the Green, OH community, and the surrounding areas by offering residents different types of insurance coverage. We take pride in serving our clients and helping them find the insurance coverage that they need.

Discovering Boat Insurance

Your boat is likely one of your most prized possessions. That’s why it is vital that you protect your investment. Boat insurance protects your boat and gives you a layer of security as you have fun by the lake. You will be covered regardless of whether you have a smaller sized boat, a large sailboat, or a yacht.

The policy covers you in several different situations. You’ll be covered if your boat is damaged due to a collision or if your boat is vandalized. You can amend your policy to protect all of your belongings on the boat if they are stolen. You may also be able to amend your policy to cover any custom equipment on your boat.

Liability coverage is also essential. You’ll be covered if your boat collides with another watercraft, and you may be held liable. If you are having a social gathering on your boat, research different policies to find coverage that protects you if someone gets injured while they are on your boat.

Other Things To Consider

Check to see if you can amend your policy to cover you if your motor stops working, and you need to use an emergency towing service. Also, be sure to research the policy’s navigational limits. This will outline the area where you can use your boat and maintain coverage. Venturing outside of the area may cause complications.

Ken Boldt Insurance Agency II, Inc. Is Here To Help You

For more information on boat insurance, visit our office today! We proudly serve the Green, OH community, and look forward to helping you!  

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