Whether it’s a fishing excursion or enjoying a lazy summer day on the lake, having a boat is a fun way to pass the time under sun-soaked skies. Unfortunately, just as accidents happen on the roads, potential mishaps can occur on waterways. Edwards Insurance Agency in Sparta, WI, is the area’s premier source for comprehensive and affordable boat insurance to cover the unexpected.

Here, the independent insurance agency answers some FAQs about coverage:

1. What Does Boat Insurance Cover?

The policy covers a host of situations involving damage or loss. For instance, a comprehensive boat insurance policy: covers theft, vandalism, and damage caused by a collision not involving other boats. Collision pays for expenses associated with repair or replacement while property damage liability picks up the tab for damage caused by the insured boat owner to other boats and properties. Finally, bodily liability insurance covers medical expenses, wage loss and other related costs associated with a person injured as a result of an accident caused by the insured boat owner.

2. Am I Required To Have Boat Insurance?

At the minimum, most states require boat owners to have some form of liability insurance to pay for damage and medical expenses of the other person involved in a boating accident. To use a dock or marina, the business may also require coverage.

3. How Much Coverage Do I Need?

The policy amount varies but often depends on factors such as the boat’s age, size, and value. The type of boat typically determines coverage amount too. For instance, yachts or speedboats may require large policy amounts due to potential bodily injury risks. The minimum coverage required also varies by state, but $10,000 is a common number for policies that include personal injuries, injuries sustained by others involved, as well as damage to the boat.

4. What About Natural Disasters?

Damage caused by hurricanes, tornados, and other natural disasters may be covered by boat insurance, depending on the policy. Before securing a boat insurance plan, ask the agent if a storm damage clause is or can be included in the policy.

For free, no-obligation insurance quotes on boat insurance, call Edwards Insurance Agency today at (608) 269-4512. A friendly agent will shop for the best deals from some of the nation’s leading carriers to get you a policy that fits your budget. Visit the website for information on other insurance options to protect you, your family, and your property.