Whether you own a small fishing or a top-of-the-line sailboat, having the right small boat insurance is key. It will help you protect your investment and make certain that in emergencies, all your needs are covered; it also helps protect others.
That’s why the team of marine insurance experts from Northstar Marine Insurance has collected some important information for you here about investing in small boat insurance.
- Personal Property Coverage
Even the smallest boat is an investment, which is why protecting your property is so important. Having boat insurance is one of the ways you can do so. Whether you’re in an accident or something happens to your watercraft through no fault of your own, boat insurance will enable you to pay for any repairs or damage.
- Avoid Lawsuits
If you’re driving a boat without insurance and get into an accident or cause damage to another’s property, you’ll be held liable for it, and often, this could mean a costly lawsuit as well. One important thing to note is that if you’re renting a boat on an hourly or daily basis and you neglect to invest in the proper insurance, you’ll be held liable for anything that occurs within that time.
- Liability Coverage
Boat insurance also provides you with liability coverage for not only yourself but others. This means that should an accident occur involving your or another watercraft out on the water, boat insurance will not only prevent you from being held liable but if you’re not at fault, can also cover things like medical expenses.
- Custom Options
When it comes to investing in insurance for your watercraft or boat, many insurance companies (Northstar Marine Insurance included) offer custom options to suit your needs. You’ll be able to choose the type of coverage you want starting with basic packages to ones with add-ons.
- A Sound Investment
Marine insurance is a sound investment even if you’re not taking your boat out on the water every other day. It will still be protected. For example, what happens if there’s an accident while it’s in dry dock and it’s damaged, or a tree falls on it in the yard? Boat insurance will cover these sorts of things as well.
- Covering Unexpected Expenses
Another thing marine insurance helps cover is unexpected expenses. A good example of this is would be if you are traveling on vacation. If your boat is not accessible due to a claim, you’ll also wind up without a place to stay. But with the right boat insurance, this can be taken into account as well.
- Coverage in Case of Emergency
When it comes to being in an emergency, having insurance coverage is key. For instance, perhaps you’re out on the water and your boat’s engine breaks down and you need a tow. Insurance can help pay for this service as well as some small repairs that are needed.
- Reduced Services
In many cases, having no boat insurance means reduced services when you’re out on the water. Nearly all docks, marinas, storage facilities, and resorts require patrons to have boat insurance to use their services. This is because they want to avoid being held liable for any damage while it’s there. This means without the proper marine insurance, you might find it hard to dock your boat while on vacation or find a place to tie up for a while.
Contact us today for small boat insurance, fishing boat insurance, and more!
If you’re in need of marine insurance, contact the experts from Northstar Marine Insurance online today or call 1 (866) 717-9295.