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Whether you own a yacht or a small fishing boat, it’s important to protect it with a boat insurance policy that covers damages and offers liability protection. While many people believe their homeowners insurance policy provides coverage, it may only offer limited protection to your boat. The commercial insurance agents at Robert Taylor Insurance, located in Lorain, OH, can work with you to create a policy that fits your needs and budget. Below, their team offers some important information about boat insurance policies.

A Guide to Boat Insurance

What Is Covered by Boat Insurance?

Boat insurance provides liability commercial=insuranceprotection and damage coverage in the event of a boating accident. It covers many different types of watercraft with motors including pontoon boats, fishing boats, paddle boats, and yachts. It covers physical damage to your boat, damage you might cause to someone else’s property, and protection from medical bills and legal expenses if you injure another person.

Why Do I Need Boat Insurance?

Even if the state you live in does not require you to have boat insurance, it is still prudent to purchase coverage. A collision with a small powerboat can cause major injuries, and if you are sued, the legal fees to defend yourself could be expensive. Boat insurance policies offer affordable peace of mind knowing that your investment is protected from significant loss. If you already have a home or commercial insurance policy, contact your insurer to see if you qualify for a discount on boat coverage.

The commercial insurance agents at Robert Taylor Insurance offer a variety of comprehensive policies that provide cost-effective coverage for your boat and vehicles. Give them a call at (440) 277-5191 to speak with an agent about your homeowners insurance needs. You can also visit them online to learn more about the vehicle insurance policies they offer.

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