Vehicle insurance is one of the best ways to protect you from a major financial loss due to accidental damage. This is just as true in the water as it is on land. If you own a boat, here’s what you should know about insuring it before you get in the water.

Water Vehicle Insurance FAQ

Is it required in Ohio?

The state of Ohio does not have any legal requirement that boat owners should carry insurance. However, failing to do so does open you up to certain kinds of legal liability, so it is still a good idea.

What will my policy cover?

The exact details of your policy will vary depending on your provider and your contract. However, you can usually expect your insurance to cover collisions and liability for property damage and personal injury. You may also be able to get comprehensive coverage, which protects your boat against damage not caused by an accident, and additional coverage options such as policies for equipment on the boat and for incidents like oil spills which may result in costs to you as the owner.

Does this cover passengers?

Generally, the liability part of the contract covers any passengers in your boat. However, it may not cover people being towed behind your boat on water skis or other equipment, depending on your exact terms with your provider.

What isn’t included?

Many companies will not insure your boat against factors such as storm damage. You will also want to check to make sure you understand the details of your individual policy; what is covered varies by provider and by contract, meaning items which are listed above must often be negotiated separately.

If you’re seeking insurance including water vehicle insurance in Lorain, OH, choose Robert Taylor Insurance. Serving Lorain County since 1989, this independent agency offers everything from auto insurance to life insurance from multiple sources, and will gladly work to help you find the right provider and plan for your needs. Their personalized service and competitive prices make them the best choice for all your policy needs. To schedule a consultation, call (440) 277-5191 or contact them online.