Your boat is probably one of your most prized possessions. Chances are you carefully selected it and invested a significant amount of money into your vessel. It only makes sense that you would want to protect it and yourself with a quality Wisconsin boat insurance policy. Of course, not all coverage is the same. Before you purchase boat insurance, you need first to determine which types of coverage you will need and how much. Your independent agent can help you find answers to important questions, like:
- What kind of boat do you have?
- How fast does your boat go?
- How old is your boat?
- How often will you use your boat?
- What purpose will your boat serve (i.e. fishing, leisure, skiing)?
- Where will you store it when not in use?
- Will you be transporting passengers on your boat?
- Do you have special equipment or accessories that need to be covered?
Why Boat Insurance is Important
Boat insurance is necessary for many reasons. First, your policy can help protect your investment in your boat by repairing or replacing it if it is damaged, stolen, or destroyed in a covered incident. It can also provide payments for medical expenses for you and your passengers, property damage and bodily injury losses for victims, and emergency help when you find yourself in need of professional assistance.
Imagine taking your cruiser out on a sunny spring day to kick off the boating season. What is supposed to be a relaxing, fun turns into a disaster when your vessel collides with an intoxicated speed boat driver. You and your passengers are injured, and the boat sustains thousands of dollars in damage. You find out the other boater was uninsured, so the burden lies with you to repair your cruiser and cover your medical expenses. With the right boat insurance policy, you could rest assured that your investment would be protected and you would have the money to cover any medical expenses not covered by your health coverage.
Types of Boat Insurance Coverage
There are many different types of coverage available for your boat insurance policy. Examples include:
If you collide with another boat, your collision insurance can help foot the bill for the repair or replacement of your vessel.
If your boat is damaged, lost or stolen due to a covered event other than a collision, your comprehensive insurance helps pick up the pieces. Examples include damages caused by fire, vandalism, or even running your boat aground.
You may be held legally and financially responsible if you cause injuries or property damage as a result of using your boat. Liability insurance can help cover medical payments, legal expenses, and any financial judgments or settlements associated with your case.
Accessories and Equipment Insurance
Your permanently attached equipment is probably already covered under the collision insurance, but what about your after-market accessories and specialty gear?
If you find yourself in need of professional assistance, boat insurance can provide payment for special services like offshore towing, fuel delivery, and more. You can also select coverage for salvaging a sunken vessel or cleaning up an oil spill.
Boat Insurance Discounts
Our job at Killey Insurance is to ensure that you get the coverage you need at the most competitive price we can find. We shop around on your behalf to find a boat insurance policy that will cover all your bases without costing a fortune. We actively work to find you discounts on coverage, including lower premiums for:
- Taking a boater education/safety course
- Purchasing boat insurance from the same carrier as your home, auto, or other coverage
- Decreasing coverage during the off-season
- Paying your premiums in full or having them automatically deducted from your checking account
For more information about boat insurance or to request your free quote, contact the team here at Killey Insurance today.