Taking your friends and family out on the lake in your own boat is a great feeling. Knowing that your boat is fully protected by a great boat insurance policy is an even better feeling. At Rickey McGill Insurance Agency, serving Arlington, TX, we can help you find the best insurance product for you and your family. Keep reading to learn more about boat insurance.
Is Boat Insurance Necessary?
Although some areas will allow you to operate a boat on open water without an insurance policy, you should understand that doing so can leave you vulnerable. You have invested money in your boat and the only way to protect that investment is through adequate insurance.
It is also important to note that operating a boat carries with it certain risks. If your boat is involved in an accident, or someone is hurt on your boat, you could be held liable for their medical expenses or even for legal fees. Boating insurance is a great way to protect yourself against these types of expenses.
What Does Boat Insurance Cover?
Boat insurance will generally provide coverage in the following areas:
- Property damage- If your boat is damaged due to fire, natural disaster, burglary, or an accident, you can be reimbursed for your losses.
- Collision coverage- If your boat causes damage to another vessel, this type of coverage will pay for repairs to the other vessel. If you do not have this type of coverage, you could be required legally to pay these costs.
- Liability coverage- If your boat causes injury to others or someone is hurt on your boat, you could be held responsible for medical bills or legal fees. Liability coverage will pay for these expenses.
If you would like to learn more about our services, please contact us at Rickey McGill Insurance Agency, serving Arlington, TX.