With its warm weather and blue skies, summer is the perfect time to take your boat out on the water. Since boats are a major investment, however, you want to make sure you’re protected in case something unexpected occurs. A reliable boat insurance policy ensures that you, your passengers, and the vessel stay safe. Here is some basic information on securing this coverage. 

A Guide to Boat Insurance for Summer 

What Kind of Coverage Is Available? 

There are a variety of policies available that cover all kinds of vessels, including fishing boats, canoes, and yachts. One necessary type is liability insurance, which pays for damages to another person’s boat or property if the accident was your fault. The coverage typically includes treatment for any bodily injuries in an at-fault accident as well.

Another example of boat insurance is collision coverage, which pays for damage to your vessel even if you were at fault. Another kind, comprehensive protection, covers repair or replacement costs for non-collision incidents, such as fire or theft. From coverage for specific boat equipment to protection from accidents with uninsured or underinsured boaters, an agent can help determine which policies best fit your needs.

What Happens When the Boat Isn’t in the Water? 

Depending on where the boat is located or being used, an existing homeowners or auto plan may offer limited protection. For instance, if you keep the boat at home where it sustains damage from a fallen tree limb, you can submit a claim for the repairs.

If you’re towing a boat from your vehicle and an accident occurs on the road, most auto policies will provide liability coverage. The amount of protection depends on the type of car insurance you have. State-minimum liability generally only pays for damages you caused to another person’s property—but not your boat.

What Discounts Are Available? 

The premiums will typically be determined by the policy and deductible. Like auto and homeowners coverage, there are many ways to save money.

From adding safety equipment to enrolling in an approved boating class, most carriers offer a host of discounts. Be sure to ask your agent which ones are available for your vessel.

Before you head out on the water this summer, make sure your boat is protected. The team at Omega Insurance Group in Lincoln, NE, understands the necessity of having reliable boat insurance. The independent agency will search for customized coverage at affordable rates from a host of providers, like Progressive® or Nationwide®. For a free, no-obligation quote, call (402) 465-1167 or visit them online.