For people living near a large body of water, boats are a part of the lifestyle, especially during the hot summer months. It’s common to find different sizes and types of boats such as leisure crafts, fishing boats, and personal watercrafts dashing along the water or bobbing in ripples.
Boat owners need to protect their prized and valuable watercraft with boat insurance so as to get compensation in the event of an accident. This insurance coverage will protect you and your boat against the following:
Some of the factors that insurers consider when evaluating the risks of your boat before issuing boat insurance include:
Remember, some insurance companies have restrictions on how far you can travel by your watercraft or boat both on and off the water. Hence, when speaking to your insurance broker or agent, consider asking about that restriction, especially if you think you may wish to take your watercraft on a long voyage.
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