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Boat Insurance

There is nothing more exciting than owning a boat. Whether flying over the water or sitting quietly fishing, there is a sense of ownership unlike any other. Unfortunately, many people do not consider purchasing boat insurance for this important addition to a family’s possessions.

The U.S. Statistics on boat accidents reports: “In 2015, the Coast Guard counted 4,158 accidents that involved 626 deaths, 2,613 injuries and approximately $42 million dollars of damage to property as a result of recreational boating accidents. —The fatality rate was 5.3 deaths per 100,000 registered recreational vessels.”

These scary figures emphasize the importance of being adequately insured prior to leaving the dock in your boat. In addition to your boat, it is important to be sure you have coverage on your transport trailer and other marine equipment. This means that whether the accident occurs when entering the water or on the water, you will be covered.

No one deliberately has a boat accident but they do happen. These may be caused by:

• Boat and trailer backs into you at the loading dock

• Careless boat operator, going too fast, collides with you on the water

• You hit an unseen sandbar or other obstacle

• Your skier has a mishap or you hit a skier pulled by another boat

• Your boat is suddenly flooded and capsizes

Any of the above accidents can cost a great deal of money, especially if a death is involved. This makes it extremely important to be adequately covered with boat insurance. Sometimes this type of insurance can be added to an existing policy. In other cases, you may receive a special discount by taking classes on boat safety.

There are many beautiful boats on the market. Names like Cruiser, Center Console, Bowrider, Bay Boat and Bass Boat are extremely popular. This type of boat means a large investment which needs as much protection against accidents as a new car. Even if your boat is not new, being properly protected is essential in today’s society.

If you have a boat and do not have insurance coverage, it is important that you check with your agent today to determine the best options available.