If you’re in the market for a boat, you’ll need to make sure that you have the appropriate insurance. Boat insurance can be tricky, because the coverage you need depends on the type of boat that you buy and where you boat. In this blog post, we’ll walk you through what type of insurance you need and how to get it.
What is boat insurance and why do you need it?
Boat insurance is a type of insurance that covers the boat itself and any damage or injuries that occur because of using the boat. Insurance is important because it can help protect you from costly repairs or lawsuits if something goes wrong while you’re out on the water.
There are two types of insurance: liability coverage and comprehensive coverage. Liability coverage is the most important type of insurance because it covers any damage or injuries that occur because of your boat. Comprehensive coverage pays for damage to your boat that is not related to an accident, such as damage from a storm or fire.
How much insurance do you need?
The amount of insurance you need depends on the value of your boat and the type of coverage you choose. For liability coverage, most boat owners carry a policy with at least $100,000 in coverage. For comprehensive coverage, boat owners typically carry a policy with at least $500 in coverage.
How do you get insurance?
The best way to get insurance is to talk to an insurance agent. An agent can help you find the right policy and make sure that you have the coverage you need. You can also compare insurance policies online.
What states require insurance?
Boat insurance is not required in every state. However, there are a few states that require boat owners to have liability coverage. These states are:
– California
– Florida
– Louisiana
– Michigan
– New York
– Texas
If you’re in the market for a boat, make sure you get insurance! It’s important to have the right coverage to protect you from costly repairs or lawsuits. Talk to an insurance agent to find the right policy for you, and make sure you’re covered in all the states that require it.
Finally
If you want to discuss options for boat insurance, please call us at 561-732-9305 our quoting hours are Monday through Friday from 8:30 AM to 5:00 PM. In addition, you can request a quote online. Please remember, We Handle All the Work, While You Save!
Robert 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. Oyer, Macoviak and Associates are vested members of the community who are committed to doing business face-to-face and being your insurance advocate in times of need.
