Michigan has no shortage of beautiful waterways, so it is not hard to understand why boating and watercraft activities are rising. The purchase of a boat, jetski, or any other type of watercraft is a considerable investment, and you shouldn’t have to worry about damage, theft, liability, and more. Concentrate on having fun with friends and family while on the water with the purchase of boat insurance. Just as you wouldn’t purchase a home or car without insurance, the same is true for a boat. Keep reading to learn about the top 3 benefits of boat insurance.
1. Extensive Liability Coverage
When you are on a boat, you need to be concerned about not just yourself and your passengers. It’s everyone else on the waterway. Injuries and property damage to third parties are one of the leading causes of boat insurance claims. Failure to have adequate liability insurance can leave you on the hook for hundreds of dollars in fees and fines.
2. Uninsured and Underinsured Boater Coverage
Not everyone is as responsible as you and purchases boat insurance. If you are in an accident with a vessel that does not have insurance, count yourself lucky that you do because most policies include coverage for uninsured and underinsured accidents.
3. Total Loss Replacement
When purchasing a policy, ask about a total loss replacement that will pay for your boat to be replaced with a new model or repaired to a like-new condition should it be deemed a total loss.
For more information on boat insurance, please reach out to the team at High Favor Insurance in Birmingham, MI.