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As a boat owner, you’ll do everything you can to keep your vessel safe on and off the water. While routine maintenance and upkeep will help keep the craft in good condition, it’s not enough to fully protect your investment. A good boat insurance policy will look after the craft, protecting it from damage at all times. If you’ve never purchased a policy before or are just now starting to explore your options, it’s crucial to understand the types of coverage offered. The team at Phil Taylor Insurance Agency in Clarksville, AR, explains what is covered under your boat insurance policy.

Physical Property Protection

Boat InsuranceEvery standard boat insurance policy will provide at least some property coverage. This protects your boat in the event of a collision, damage at the docks, and acts of vandalism when the boat is in storage. Keep in mind that if the boat is damaged while on a trailer in transit to the water, your auto insurance policy will cover the cost of repairs or replacement.

Liability Protection

An integral part of every boat insurance policy is liability coverage. This aspect of your insurance protects you from out-of-pocket expenses should you be found at-fault for an injury-causing accident on the water. Without liability coverage, the full cost of the other party’s medical care or boat repairs would be yours to cover out-of-pocket. When purchasing coverage, make sure the policy provides property damage liability and bodily injury liability coverage to be fully protected.

Medical Treatment Payments Coverage

If you or another individual is injured on your boat, this aspect of the policy will help cover their medical bills. This applies regardless of who is at fault for the accident. The coverage can help provide money to cover the cost of medical treatments — even if you have health insurance.

Uninsured Boater Coverage

Unfortunately, there’s no way to guarantee that all boaters are responsible and have a valid insurance policy in place before getting out on the water. Uninsured boat coverage will help cover the cost of repairs or replacement should an uninsured boater hit your watercraft.

The right boat insurance policy can help keep your craft safe on and off the water, but finding the right coverage can be a challenge. Let the team at Phil Taylor Insurance Agency help you find the best policy at a price you can afford. Their experienced agents understand the unique situations boaters face and will work to make sure you have comprehensive coverage to protect the vessel you love. Learn more online and call (479) 754-2616 for a free quote.

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