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If you’ve recently purchased a new or used boat for recreational or work purposes, it’s important to protect yourself and your investment by getting boat insurance. These plans differ from others you may be familiar with, such as auto coverage. Before you shop around for an insurance quote, it’s helpful to understand why it’s important and how it can help. 

Collision Damage & Liability

Boat insurance provides collision damage if you hit another vessel, which covers the repair or replacement of your craft. However, it may not include cleaning up the wreckage, so address this and other possibilities with your agent.

Another essential component is liability coverage, which includes the cost of damages to another person’s boat, as well as any medical expenses incurred. Comprehensive policies should provide the cost of repair if your property is vandalized, stolen, or damaged due to other non-accidental incidents. 

insurance quoteWithout the appropriate coverage, you are exposed to financial liability after an accident. As such, not only will you be responsible for paying for the repair or replacement of the other party’s boat, you will be held accountable for any medical expenses and other damages.

How an Agent Will Get You the Best Insurance Quote

With specialized products such as boat insurance, it’s best to consult with a professional agent to ensure you get the most comprehensive products available. They will review your financial situation, needs, and lifestyle to determine whether you have any gaps in coverage and provide you with the right insurance quote. 

 

If you’re in the market for a new or used boat and need an insurance quote, State Farm® Agent, Bruce Richardson and his qualified team will help you protect yourself and your investment. They have been providing the Mooresville, IN, community with quality products for over 25 years and have an in-depth understanding of the area they represent. Call today at (317) 831-3500 to speak with a representative, or visit their website to get directions. 

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