If you own a boat and enjoy spending time in the water, you may be wondering if you need to have insurance for it. Though you may not want to spend the money on insurance, that may be a mistake.
Here are some reasons why you should get boat insurance.
It will protect you and your family if someone is injured while they are out boating with you. It will pay for their medical bills if they end up seeking medical attention. It will also pay for any legal fees that you may face if you get sued over the incident.
If your boat is quite expensive, you may want to look into collision and comprehensive insurance. This will help cover the cost of fixing your boat if you are ever in an accident. It will also cover theft and vandalism, as well as damage due to storms.
Your insurance will also cover your expenses if you are in an accident with someone who isn’t insured (or doesn’t have enough insurance). Uninsured and underinsured boater insurance will cover your medical bills and repairs if you are involved in an accident that was not your fault.
It can be a mistake not to have insurance for your boat. You could be held liable for any medical bills if someone gets injured while out boating. It may also cover repairs to fix your boat if you are in an accident, or it gets vandalized (or even stolen)!
If you are wondering if you need boat insurance, don’t hesitate to contact us today at Brock and Poole Insurance Agency in Collierville, TN.