Did you finally get that boat or jet ski you have always wanted? The pandemic changed things for many of us. It made us reflect on where we are now in life and maybe it was time to finally get some of those things we have always wanted. Some people purchased new homes, cars, even atv's. For those who decided to get that boat, we got some information you might want to consider.
Why do you need insurance for your boat or personal watercraft? You'll enjoy the water even more when you're not worried about the safety of yourself, your passengers or your investment. Here are a few things to consider:
If you're in an accident or your watercraft is stolen, it costs money, often a lot of money, to fix or replace it.
If you or any passengers are injured in an accident, medical costs can be extremely expensive.
If your watercraft is responsible for damage or injury to others, you may be sued for much more than you're worth.
Your watercraft also needs protection when it's on land. Accidents can happen while towing a watercraft.
Things to consider and questions to ask your agent Here are a few things to consider as you prepare for the discussion:
How much can you afford to pay if your boat or personal watercraft is in an accident, damaged or stolen?
Is my boat or watercraft covered for use year-round?
What discounts and programs are available?
How much medical insurance and liability coverage is enough?
Do I have coverage if I need to have my boat towed in an emergency?
What's the process for filing and settling a claim?
Does the insurance company have a good reputation for customer service? Is it known for paying claims fairly and promptly?
Home and auto insurance policies may provide limited coverage for personal watercraft. Talk to your insurance representative about coverage limits. You may want to consider purchasing a personal watercraft policy to protect yourself and your water vehicle in the event of an accident. Our Personal lines team: Alyssa, Joan, and Becky are here for you, to help you navigate these coverages. Please reach out to us today at 315-234-7500 or click here to learn more. As always, CH is in your corner.