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.