Heading out on your boat can be a lot of fun, especially with all the gorgeous water around Columbia, SC. To help keep your boat protected, you may be considering purchasing boat insurance. But before you do so, you probably want to know what boat insurance covers.
Not All Insurance is the Same
Before we explain what boat insurance covers, let’s clarify that not all insurance is the same. You can talk with agents at New American Insurance to find a policy that suits your needs.
When you start exploring boat insurance options, consider if you’re interested in the following types of protection.
Physical Damage Coverage
Boating is a great activity, but it doesn’t come without risks. Accidents with other watercraft or the shore can quickly damage your boat. Boat insurance covers the cost of this physical damage.
Boat insurance in Columbia, SC may also cover physical damage from adverse weather such as hail and hurricanes. Additionally, this type of insurance protects your boat from theft.
When you choose a boat insurance policy, your boat will be covered for an amount equal to the actual cash value or another set amount.
Even if you are a responsible boat owner, your sailboat, yacht, or fishing boat may cause damage to another person’s property. If your boat damages another boat, a dock, or a building, liability insurance covers this damage. It may also protect you from any legal action.
Medical Bill Coverage
Boat insurance may also cover medical bills that arise from a boating accident. This may include the bills of your boat’s passengers as well as passengers of other impacted boats.
Get Started with Boat Insurance
To help find boat insurance that’s right for you, contact New American Insurance.