Owning a boat can be a dream come true for many people, but it’s also an extremely valuable asset vulnerable to a variety of perils and risks. After all, just one accident can destroy your investment and leave you responsible for towing fees, salvage costs, and any damage you might have caused. Below are just some of the ways an insurance agent can help protect your beloved boat and your finances.

How Does Boat Insurance Protect You?

1. Covers Costs in an Accident

In some ways, boats are incredibly delicate, and even minor accidents could result in damages that cost thousands of dollars to repair. Boat insurance will cover these expenses for you, insulating you from the shock of unexpected repair bills.

2. Pays for Accidental Injuries

Even at relatively low speeds, boat accidents can throw people and objects around the cabin, often resulting in severe injuries. Most boat insurance policies include personal injury protection to cover the cost of medical treatment, and may even compensate injured passengers for lost wages.

3. Offers Liability Protection

If you cause an accident out on the water, the liability coverage in your boat insurance policy will cover any costs, protecting you from potentially catastrophic lawsuits. An insurance agent will help you determine how much liability coverage you need based on a few factors, including the age of your boat, the type of vessel, and the use. For instance, if you plan on using the boat for water sports or entertaining large parties, you might have more peace of mind if you have a higher liability limit. 

4. Covers Emergency Towing Services

If something goes wrong in the middle of the lake or miles from shore, an emergency towing service might be your only way back to safety. Most boat insurance policies cover these costs, so you won’t have to pay out-of-pocket.

5. Provides an Option for Uninsured Boater Coverage

What happens if you’re hit by another boater who doesn’t have adequate insurance? You could file a lawsuit, but unless they have significant assets, you might be left paying for the damage yourself. A good boat insurance policy should include uninsured boater coverage to get your vessel safely back on the water.

As an insurance agent with State Farm®, Tim Bryan Insurance offers comprehensive boat coverage from one of the industry’s leading national carriers. Boat owners throughout the Andalusia, AL, area rely on him to protect their valuable investments with options tailored to their needs. To learn more about his products and request a quote today, call (334) 222-1460. Visit the insurance agent online for information on his office hours and location.