Boat Insurance in Charlotte, NC and Harrisburg, NC
Boat insurance may seem like an unnecessary expense, especially if you don’t use your boat that often. However, accidents and unexpected events can happen at any time. A boat insurance policy may provide crucial funds following collisions, fire or theft. Without it, you may face significant out-of-pocket expenses that could significantly impact your finances.
When Do You Need Boat Insurance?
Boat insurance is essential when you own a vessel such as a yacht, large sailboat, jet boat or other personal watercraft. If you finance your boat, lenders typically require insurance. Additionally, marinas often mandate coverage for boats docked at their facilities.
What Does a Boat Insurance Policy Cover?
A standard boat insurance policy usually covers various aspects, including the following:
- Liability coverage may cover legal claims if your boat causes third-party injury or property damage.
- Physical damage coverage may cover repair or replacement costs for your boat due to accidents, theft or vandalism.
- Guest passenger liability coverage may cover legal expenses incurred by someone who used your boat with your permission.
- Medical payments coverage may pay for medical expenses if you or your passengers are injured in a boating accident.
- Uninsured boater coverage may provide financial aid if you’re involved in an accident with an at-fault boater who lacks insurance.
How Much Does a Policy Cost?
How much you’ll pay for boat insurance depends on several factors, including your boat’s value, type, age and usage. Most insurers also consider your boating experience, location and coverage limits to calculate your premium.
To obtain a more accurate price, speak to an insurance agent from Kevin Brewer & Associates. They can help you find potential discounts and guide you as you navigate your options.
Explore Boat Insurance Options
The boat insurance experts at Kevin Brewer & Associates are ready to assist you in finding your ideal policy. Contact us today to get started.
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