As a boat owner, you know that safety is key, which means having a reliable boat insurance policy in place. This will protect you, any passengers, and the vessel from harm if anything unexpected occurs. The following information can help you secure the best coverage for your needs.  

A Watercraft Owner’s Guide to Boat Insurance 

Am I Obligated to Have Coverage?

Whether boat insurance is mandatory typically depends on the laws of that state. In Ohio, it’s not necessary for boaters and their vessels to be covered. However, that doesn’t mean that you should forgo boat insurance, since you’ll be left personally responsible for any damage or injuries.

Are There Different Types of Coverage?

Collision coverage pays for damage to your boat, as well as a replacement if necessary. Liability insurance covers bodily injuries and property damage that you’ve caused, while medical payments insurance covers any injuries you’ve sustained. Another option is comprehensive insurance, which covers damage to your boat caused by something other than a collision, such as theft or vandalism. 

What If My Engine Is Damaged?

Engine damage is sometimes covered, depending on the policy. It isn’t usually possible to insure older engines, especially if they have a lot of wear. Depreciation is often considered when repairing or replacing a boat engine as well.

How Are Passengers Protected?

Liability coverage extends to your passengers if they’re hurt during an accident. However, if your passengers are harmed outside the vessel, such as while water skiing, they may not be covered. Make sure you understand the details of your policy, so you know what is and is not insured.

If you’re looking for boat insurance in Cincinnati, OH, Albers Insurance Agency can help you find the best policy for your needs. When researching your quote, they’ll look at a number of factors to ensure you receive sufficient coverage at a price you can afford. They also offer home, auto, and life insurance services, as well as umbrella policies to make up for any gaps in your existing coverage. Thanks to their seven decades of experience, you can expect exemplary service, whether purchasing a new policy or filing a claim. Get started on your insurance quote today by calling (513) 891-3304. You can also visit the website for more information on the types of coverage offered.