Share:

Owning a boat is a fantastic investment that pays off in countless summer afternoon memories that will last a lifetime. However, your vessel faces a broad range of risks, from severe weather to accidents, any of which could cause serious injuries and thousands of dollars in damage. While boat insurance can’t prevent the unexpected, it does provide valuable protection against the financial consequences.

3 Reasons to Buy Boat Insurance

1. Paying for Repairs & Replacement

Serious storms, underwater hazards, and other boaters can all cause serious damage or destroy your boat. Without boat insurance, you could be left paying for repairs out of pocket, which most people can’t afford. The property coverage in your boat insurance policy will cover the cost of repairs, and will even pay for a replacement in the event of a total loss.

2. Protecting Yourself From Liability

boat insuranceEvery boater does their best to be as safe as possible, but accidents happen. If you do cause an accident where someone is injured or one of your passengers gets hurt, your boat insurance will cover the cost of their losses. It will also cover your legal expenses, should a lawsuit arise from the situation. 

3. Fulfilling State & Lender Requirements

Many states require that boaters carry a minimum amount of liability insurance to protect everyone else on the water. If you finance the boat, your lender might also require you to carry comprehensive and property coverage to protect the value of their investment.

 

For over 40 years, the experienced agents at Beadle Insurance Agency have helped Lubbock, TX, boaters protect themselves from the unexpected. Their team is dedicated to providing the best customer support possible with cost-effective solutions tailored to your unique situation. Visit their website for more on their boat insurance and other coverage options, or call (806) 385-3426 to request an estimate and schedule an appointment.

tracking