Boats come in varying sizes, designs, and prices, especially in Collierville, TN where the majority of the population participate actively in water activities. Whether you are looking to buy a boat with a motor or not, having some form of protection is critical. It will give you some peace of mind as you go about your water activities. If you already have a boat, you can help keep it covered by buying boat insurance. So, do you need boat insurance for your non-motor-powered boat?
Boat insurance: Do I need it?
Boat insurance is designed to cover large boats that are motorized. If you own a kayak, canoe, or paddleboat, you may want to buy insurance for non-motored boats. Not all insurance providers offer this; a little research will be necessary to help you get the best out of this specialized type of insurance. You can also seek guidance from Brock and Poole Insurance Agency.
Boat insurance for small boats
A standard home insurance policy can also cover some small boats. However, the coverage is limited and may not be adequate to cover the most critical perils. While boat insurance is not a requirement in most states, there are instances where you may need to carry insurance even if your boat does not come with an engine. For example, if you did not finance the boat yourself, your lender may need some form of insurance to help compensate them in case of damage.
How are you using your boat?
The kind of activities you engage in also play a critical role in determining whether you should buy insurance or not. For instance, if you are involved in extreme water activities where your life is often in danger; you may need to get full coverage to protect you and your boat.
Are you looking to buy boat insurance? Brock and Poole Insurance Agency can help you get the most out of your coverage. Feel free to visit us at Collierville, TN today!