When enjoying the sun and the water, the last thing you will be considering is what will happen if you get into a boating accident. However, it is important that boat owners are prepared for the unexpected, and that they have the proper marine insurance (aka Boat Insurance) to cover any incidents in which they are involved. If you have recently purchased a boat, or are in the process of buying one, then you may be wondering why marine insurance is so important. Here are just a few of the reasons why you need a marine insurance policy for your boat and/or personal watercraft.
Your Current Insurance Policies Will Not Cover Your Boat
One of the most common reasons boat owners do not purchase marine insurance is due to a misconception people have that their home or auto insurance will cover their boat in the event of an accident. While some homeowners insurance policies cover certain boats, these policies usually only cover low value boats less than 15 feet in length. It is then important that you check with your insurance provider to see exactly what your policy covers, as expecting one of your current policies to cover your boat may leave you in for a surprise down-the-road.
Avoid Towing Costs
Marine insurance will do more than cover you in the event that you are involved in an accident; it will also provide towing should anything happen, such as your battery going dead, when you are out on the water. This is one of the greatest benefits marine insurance provides. The fact is that boats get stranded out in the water on hot days more than you would think, and marine towing can be extremely expensive. Do not let yourself be caught unprepared. With marine insurance you will not have to worry about how you will pay for towing expenses for your boat as they will be taken care of for you.
If you would to like to discuss your options for marine insurance (boat insurance) please call us at 561-732-9305 our quoting hours are Monday through Friday from 8:30 AM to 5:30 PM. In addition, you can request a quote online. Please remember, We Handle All the Work, While You Save!
Rob Macoviak is the President of Oyer, Macoviak and Associates. Oyer, Macoviak and Associates is the oldest independent insurance agency in Boynton Beach and has been in business since 1953.