Even a small boat is an investment that is exposed to risks every time you take it out on the water. Careless boaters, fire, theft, and minor accidents can cost thousands of dollars and even destroy one of your most valuable assets. Understanding how RV and boat insurance works can help ensure you have all the coverage you need.

A Quick Guide to RV & Boat Insurance

What’s Already Covered?

Under some circumstances, your auto and homeowners insurance policy already provides some limited coverage for your boat. For instance, if you’re involved in an accident while towing it, your car insurance will likely pay for the damages. Likewise, home insurance will cover any losses caused by weather, natural disasters, or vandalism while it’s parked on your property. For any other situation, though, you’ll need a separate RV and boat insurance policy.

Liability Coverage Is Crucial

If you’re in an accident and cause injuries or damage to someone else’s property, you could be on the hook for their losses. Because these suits can be expensive, you should select a boat insurance policy with liability coverage that equals the value of all your other assets.

Damage Coverage Applies to a Wide Range of Situations

Depending on the details, the damage clause in your boat insurance policy can cover everything from mechanical breakdowns to damage caused by uninsured boaters. Salvage insurance can be a financial lifesaver as well, paying for the cost of recovering your boat if it sinks.
 

For more than 40 years, boat owners throughout Bolivar and Humansville, MO, have relied on Financial Strategies Group Inc. DBA Arlene Lear Insurance to protect them from the unexpected. As independent agents, they work with several of the top carriers in the industry, ensuring you’ll get a policy perfectly tailored to your needs. To request your free RV and boat insurance quote, visit their website, call (417) 777-3000 to reach their office in Bolivar, or dial (417) 754-8377 to speak to someone in Humansville.