From fishing to tubing, owning a boat provides a sense of freedom and adventure. Yet, accidents happen, so it's important to protect yourself with a quality insurance policy. As with all coverage types, boat insurance is customizable, so there are virtually endless policy variations available. However, there are few basic components you can expect in even the most standard plans. 

3 Basic Coverage Components of Boat Insurance

1. Comprehensive Coverage

It's impossible to keep an eye on your vessel around-the-clock, and unfortunately, unexpected problems can arise as a result. Such situations are where the comprehensive coverage aspect of boat insurance comes into play. This style of protection offers financial assistance as a result of theft or vandalism, so you don't have to pay for repairs or a replacement out of pocket.

2. Liability

As with auto insurance, boat policies provide liability coverage for accidents that were your fault. The policy offers coverage for injuries and medical costs that result from an on-water or docked accident. In such a situation, the property damage liability aspect of your policy would handle the costs of repairing the other party's structure or vessel.

3. Collision Damage

When damage occurs to your boat as a result of an accident, even if it's your fault, the collision damage aspect of your policy will help cover the related repairs. For extensive damage, it will also help with the financial aspect of replacing the boat. However, every policy has their own coverage limits. As a result, it's important you choose an option that matches the full market replacement value of your vessel to avoid a financial burden.

Boat insurance will keep your investment and property protected. Fortunately, you can ensure your policy matches your circumstances by turning to Ebert Agency in Foley, AL. Since 1928, the family-owned insurance company has proudly provided the coverage needs of residents and businesses throughout southern Alabama. From cars and boats to homes and offices, the team's personalized approach ensures each client receives a policy that's tailored to their unique needs. Request your free quote today by calling (251) 943-2281 or visiting them online.