Spring is in the air. The birds are singing, the flowers are flowering, and people are getting their boats ready for the water. It certainly is an exciting time of year. However, you need to remember that insuring your boat properly is an important aspect of being a responsible boat owner. Even though boating accidents do not happen as much as automobile accidents, it is still incredibly important to protect your boat in the event of damage or even a total loss. That means you simply cannot overlook the purchase of a solid boat insurance policy.
The good news is the benefits far outweigh the costs. Did you know that last year alone there were more than 4,600 boating accidents that resulted in over 49 million dollars worth of property damage? In addition, the average property damage caused by boating accidents equaled over $10,000 per incident. That is only the average; imagine a more costly boating accident. For example, if you own an expensive boat and happen to get into an accident, the damages can well exceed the $10,000 mark. Now imagine if you didn’t have boat insurance and had to pay for all that damage out of pocket.
The expenses to fix boats tend to add up quickly. It’s also incredibly expensive to tow your boat the marina or repair facility. The good news is that a solid boat insurance policy will put your mind at ease whenever you take your vessel out on the water. Your boat insurance policy also covers a few other important aspects. For example, boat insurance covers for physical injuries. It goes without saying that when large objects collide at high speeds injuries tend to occur in addition to the damage to the vessels. The good news is that boat insurance also includes insurance coverage for treatment at hospitals and doctors offices.
Some boat insurance policies will even refund you for missed wages at work. When all is said and done, a solid boat insurance policy can turn a devastating situation into one that is far more manageable. Your boat insurance policy also includes liability coverage. The bottom line is that you are liable from a financial standpoint for your boat no matter what the situation is. That means if you’re boat is in an accident and or any injuries occur to other parties, you are responsible. Even the most responsible boaters can have a bad day or experience some bad luck.
What would happen if a sudden storm causes you to slam into another vessel or even the dock? If anyone is harmed or injured in any way they can sue you in a court of law. Boat insurance covers those damages. That means if you don’t have a good boat insurance policy in place you are responsible to pay for those damages out of pocket.
If you own a boat in the Commonwealth of Massachusetts you need to ensure that you have the proper insurance policy is in place. Please consult with a professional insurance agent that can answer your questions about all insurance related topics. It is important to fully understand exactly what you are buying when it comes to insurance policies. If you have any questions, please call (508) 831-0133 to contact an associate at Zawada Insurance. We are happy to walk you through the details of your boat insurance policy and explain your coverage options.
We look forward to helping you with all of your personal and or business related insurance needs now and in the future.