27 Nov Boat Insurance: Just as Important as Car Insurance
Boat owners often make the mistake of thinking they don’t need any additional protection on the water. This thinking is especially true if they are experienced and have a safe track record on the water. The truth is that boat insurance is just as necessary as car insurance. You are more at risk on the water due to the number of uninsured boaters. No matter how experienced you are, it’s impossible to protect yourself against careless and inexperienced boaters or nature.
When you are not at fault in a car accident, you could turn to the other driver’s insurance policy to provide coverage. If there is any confusion or a dispute regarding coverage, you can always fall back on your automobile insurance to cover the damages. It is not required to carry boat insurance like it is with car insurance. However, not having watercraft coverage could leave you with an inoperable boat and a hefty repair bill.
After the slew of hurricanes this past year, many boats were destroyed. The best way to decide how much liability coverage you need is to ask yourself this question: how much do I need to feel completely protected? On average, most boat owners end up choosing more than a $300,000 liability.
Remember that your boating experience is one of the many factors used for rating purposes. The less boating experience you have, the fewer carriers will be able to trust your ability to operate and navigate a vessel safely. If you are a first-time boat owner and have little to no boating experience, then it is in your best interest to choose a smaller vessel.
AWS wants you to stay afloat in case of peril. If you are thinking about purchasing coverage for your vessel, speak to one of our experienced insurance agents, your Metairie boat insurance agents. That way, even when the tide is high, you will hold on.