Four Reasons To Have Boaters Insurance On Your Boat
Posted on: 23 September 2015
There are many people who own boats and assume that they do not need boaters insurance. Even if boaters insurance is not a requirement where you live, it is still something you should consider getting. The following guide walks you through a few reasons why boaters insurance is so important to have.
Damage Done to the Boat by Others
If you keep your boat at a public dock, there is always a chance that someone could cause damage to the boat when you are not around. Since most boats are not fully enclosed, some people think that it is okay to go onto someone else's boat to lounge around and relax. When they do this, cigarette burns can be left in the seat, carpeting can be ruined, and doors can even be broken. Having insurance on the vehicle ensures that any damage that someone else causes to your boat will be fixed without you having to pay a ton of the cost out of your own pocket.
Someone Gets Hurt Being Pulled on a Tube
If someone is hurt while they are riding a tube that is being pulled by your boat, you could be held responsible for their medical bills. If you have insurance on the boat, the insurance would cover those costs or at least a portion of them.
The Boat Hits a Shoal and Becomes Stuck
A shoal is also known as a sandbar. Shoals are often marked with signs that warn boaters that the water is shallow in that particular location. As the water level lowers during a drought, the water may become shallower in areas that are not marked as shoals. If you run up on one and become stuck, you will have to pay for a tugboat to come and tow you free from the shoal. Boating insurance will usually cover this cost too.
Boat Is Damaged by Wakes
If your boat is secured to a dock and another boat comes by and creates massive wakes, it can cause your boat to slam into the side of the dock. When this happens, major damage can be done to your boat. If your boat is damaged or sinks due to this damage, your boater insurance may pay to fix or replace your boat.
If you have an auto or home insurance policy with a company, you may be able to get a discount on your boaters insurance, if you add it to the policy that you already have. Most policies are very affordable and worth the investment if you consider how much you would have to pay out of pocket if anything goes wrong while you are out on the water.
To learn more, contact an insurance agency like Reinard Insurance Agency Inc.
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