Whether you're considering buying a boat or are already a proud owner, you might have a lot of questions regarding how to properly protect your vessel. The professionals at Accredited Insurance understand the confusion many individuals experience. Below, the trusted Omaha, NE, agents hope to clear up any misunderstandings by answering your most frequently asked boat insurance questions.

Your Most Pressing Boat Insurance FAQs

Is Boat Insurance a Legal Requirement?

In the State of Nebraska there isn't a legal requirement to carry insurance on a boat, but that doesn't mean you shouldn't maintain some level of coverage. A policy doesn't just protect your boat—it also protects you and your other assets. If your boat causes another person harm, such as an injury, you could be held legally liable for their medical bills as well as lost wages. Without a quality insurance policy, you would be forced to pay these expenses out of pocket.

What Types of Coverages Are Available?

Liability is the most basic type of coverage, and it's the minimum amount you should carry. You can also get protection for physical damage to your vessel that occurs as a result of a collision or weather-related events. Wreck removal and emergency services are other features you should look into as well. 

Will Homeowners or Auto Coverage Extend to My Boat?

Most auto and homeowners policies restrict their coverage to the designated areas. Even if you own a waterfront property, it's unlikely that your homeowner's insurance policy will extend to your boat. However, it's important to double check with your agent to verify this. 

How Much Does Boat Insurance Cost?

Many factors influence your boat insurance premium, although there aren't quite as many variables as there are with auto insurance. A significant factor is the replacement cost of your boat, but this can be affected by the level of coverage you carry as well as the add-ons you choose.

Make sure that both you and your property are adequately protected with a well-crafted boat insurance policy from Accredited Insurance. For more than 25 years, the full-service, independent insurance agency has proudly served the needs of Douglas County residents. From home and auto to boat and motorcycle, request your free insurance quote today online or by calling (402) 334-1780.