No matter what type of watercraft someone has purchased, it’s essential to at least buy liability coverage from one of the Boat Insurers. The person may be unable to imagine that he or she could possibly hurt anyone or damage someone’s property with a small powerboat or a canoe. The first thing to consider is what happens if the little boat capsizes and someone drowns. That should make it clear how crucial liability insurance is. A water skier can be injured while being towed with a boat. It’s also possible for someone operating a motorboat to lose control for a moment and run into another watercraft, causing property damage or personal injury.
Of course, the new owner of a houseboat, a yacht or a large sailboat is unlikely to quibble about the need for insurance. The value of these vessels is high enough that the person will probably want comprehensive and collision insurance in addition to liability. The same may be true of someone who has bought a small- to mid-size powerboat costing upwards of $5,000 or $10,000. Not having insurance for replacement value can substantially hurt the wallet if anything untoward were to occur.
For the larger, more expensive watercraft, Boat Insurers are essential. Many people use these boats as water-powered RVs, taking them on weekend and longer vacations. Some live on those boats for months or even years. There may be expensive furnishings inside. When the boat is the person’s vacation home or main home, insurance is just as important as it is for a house.
Comprehensive and collision insurance on the marine vessel provides compensation for repairs when damage results from a broad range of episodes. A collision with another boat, vandalism, a fire or the vessel running aground are examples. A severe storm, such as one with strong wind and heavy hail, can cause a need for repair. Occasionally a boat is struck by lightning.
Options for coverage vary a great deal among insurance companies, which is why working with an independent representative such as Schlather Insurance Agency is advantageous. Multiple quotes can easily be obtained. Visit the website schlatherinsurance.com or their Facebook page for more information.