Your boat is one of your most valuable assets, so it makes financial sense to protect it with an insurance policy. Wilson Insurance Agency in Dalton, GA, has helped people find the right boat insurance for nearly 50 years. To craft a policy that covers what you need at a price within your budget, they explain a few things you should know.

Boat Insurance Is Cheaper When Bundled

If possible, bundle your boat insurance with your home and auto policies. When you buy multiple policies from the same insurance agency, they can usually offer a much lower premium — up to 20% less — than if you buy them separately.

You May Qualify For Discounts

Ask your local insurance agency about rate discounts you’re eligible for. You can often get reduced premiums for completing a boater safety course or installing certain safety features. Boats powered by diesel fuel usually cost less to insure, and you can save a considerable amount by paying your yearly premium in full.  

Boat Insurance Only Covers You On The Water

Boat insurance coverage typically extends only to use on the water. When it is being towed, the boat is covered by your auto insurance policy. When parked, it may be covered by your homeowners or renters insurance. These plans may not offer adequate protection, so Wilson Insurance Agency recommends an umbrella policy that includes amounts above and beyond what your home and auto policies insure. A good umbrella policy fully protects you against loss from fire, theft, or liability, even during winter and when the boat is out of the water.

Since 1969, Wilson Insurance Agency has helped Whitfield County residents navigate the insurance landscape. Visit the company’s website to request a quote, or call (706) 278-0549 to speak to a friendly representative about affordable boat insurance coverage.