Questions to Ask Before Buying Boat Insurance

There’s nothing like the peace that comes from taking a boat out on the water. It’s an excellent way to unwind. Before you set sail, however, you need the proper boat insurance. To get the right boat insurance, you’ll need to ask the right questions.  AWARD Insurance Group in Dalton, GA is happy to answer these and any other questions you might have. 

Are Salvage Costs Covered?

What happens if your boat sinks? What happens if a hurricane strikes and your boat ends up 1/2 a mile down the street? In either case, the boat must be retrieved. This can be an expensive endeavor. Salvage coverage pays the cost of retrieving your boat and any other associated cleanup costs. 

Am I Insured for Agreed Value or Cash Value?

In the event your boat is severely damaged and is declared a total loss, how much will the insurer pay? If your policy has an agreed value, this means that you and your insurer have an agreed value that will be paid in the event of a total loss. If you have a cash value policy, it means that the insurer will pay you what the boat is considered to be worth. This takes into account depreciation and current market values.

What Types of Coverage are Available?

Liability insurance is the bare minimum policy. In the event that you are at fault in an accident, liability insurance will cover the damage caused to other’s property and often their medical bills.

Medical payments coverage can be added. This covers any medical costs you and your passengers might incur due to an accident.

Uninsured coverage will cover your losses if someone else is at fault but uninsured or underinsured.

Contact AWARD Insurance Group in Dalton, GA today and let us help you choose the right boat coverage for your needs. Enjoy your time on the water knowing that you are protected in the event of an accident.