Although boat insurance isn’t required in most states, including Georgia, this doesn’t mean it’s a good idea to forego coverage. Boat owners are exposed to a number of risks both in and out of the water, but insuring your vessel will go a long way towards protecting your investment and future finances. To help you understand just how important it is to be adequately protected, the professionals at Wilson Insurance Agency in Dalton, GA, explain what you can expect to be covered under a boat insurance policy.

What Boat Insurance Covers

1. Liability 

If you were to cause an accident while driving your boat, you would be covered for any property damage or bodily injuries that occur as a result. Your boat insurance would pay for the other party’s medical expenses and repairs to their property, as well as your legal fees if you got sued. Without coverage, you would be liable for paying everything out of pocket. 

2. Boat Damage or Theft

Collision and comprehensive coverage help to repair or replace your own watercraft after being involved in an at-fault accident. It will also cover damages sustained in a non-collision event, such as a fire, as well as losses incurred from theft. Once again, not being properly insured means having to spend your own hard-earned money to cover the deficit. 

3. Personal Property & Equipment 

In addition to covering your boat itself, an insurance policy will protect the personal property you have on board. Items like fishing equipment, wetsuits, and navigation devices all add up to be worth quite a bit, and it could be difficult finding the funds to replace all your valuable items if they were stolen or damaged. 

4. Medical Expenses for Yourself & Passengers 

Should you or your passengers get hurt in a boating accident, medical payments protection would help to cover the treatment necessary for recovery no matter who was at fault. This will take care of the costs associated with hospital bills, required procedures, and prescription medications.

Whether you navigate the waters every weekend or go out just a few times a year, boat insurance is necessary to minimize the amount of loss you would face in the event of an unexpected disaster. With the help of an experienced agent at Wilson Insurance Agency, you can customize a policy to include all the coverage options that are ideally suited to your unique needs. Since 1969, they have been entrusted to provide their clients with quality products at the best rates possible. Call (706) 278-0549 to inquire about the different types of coverage available for your vessel, or visit their website to request a quote.