Boating offers ample opportunity for entertainment and relaxation. However, just as with any type of vehicle, there are some risks involved in owning and operating a boat. Many unexpected events can take place on and off the water and result in losses if you don’t have adequate boat insurance. To help you protect yourself and your watercraft, here are some of the most common insurance claims and the types of coverage you’ll need to minimize out-of-pocket expenses.

Potential Claims You Need Boat Insurance for

1. Bodily Injury 

Unfortunately, people can get hurt on the water. If you cause an accident that injures your passenger or someone on another boat, you will be responsible for paying their medical expenses. If you have boat insurance, liability coverage will take care of this cost. It will also cover your legal fees should a lawsuit arise from the incident. 

2. Collisions

Several boat insurance claims are filed after people hit large rocks or submerged objects. This can cause costly damage to a vessel’s body and internal components. In the event this happens, you’ll need collision coverage to collect the funds necessary to repair your watercraft. If you have a more expensive boat, you may need to increase your policy limit. 

3. Theft 

Boats can be stolen while docked or anchored. More thefts tend to occur during the summer months when vessels are out of storage, so be extra vigilant about securing your watercraft and keeping your valuables out of sight. You also want to make sure you have comprehensive coverage included in your boat insurance policy. This will help you replace the vessel or provide compensation for part of its value in the event it gets stolen.

For boat insurance that protects you from incidents like these, don’t wait to contact Edwards Insurance Agency. For over a century, they have been entrusted with providing residents throughout Monroe County, WI, with reliable and competitively priced products from a network of reputable carriers. They will thoroughly assess your needs to determine if you will benefit from a boost in coverage. Call (608) 269-4512 to schedule a consultation, or visit their website for more information on their offerings.