3 Things You Need to Know About Boat Insurance

According to the law, all Dalton, GA boats with an engine horsepower of at least 50 require the minimum liability boat insurance. However, it is advisable to get insurance even for smaller boats for protection on water. If you are wondering what type of boat insurance would be ideal for you, consult AWARD Insurance Group to find boat insurance quotes that are customized to the specifications and the needs of your boat. Your boat insurance will depend on the type of boat you have, how often you use it, and the risks involved.

Facts About Boat Insurance

  • Boat insurance does not just cover the owner of the boat in case of an accident. It covers the passengers too. The liability part of boat insurance helps the owner of the boat to pay for the medical or funeral payments of the passengers. If they lose their property, it helps to pay for the costs of replacement.
  • Boat insurance does not always cover damage from storms, tornadoes, or hurricanes. Consult an insurance agent to find out what your boat insurance policy covers. The standard boat insurance policy offers compensation for the costs of repairing or replacing your boat after a collision, damage done to someone else’s boat, the replacement cost if your boat is stolen, and medical charges for other people while they are in your boat. There is an option for replacement cost or cash value compensation.
  • You need boat insurance because home insurance doesn’t cover most boats. Your home insurance can offer coverage if you have a very small boat. Talk to your boat insurance agent to find out if your homeowner’s insurance policy covers your boat.

Contact AWARD Insurance Agency in Dalton, GA on 706-226-1436 to discuss your new boat insurance quote.