Boating is a fun and relaxing way to spend time alone or with others; however, it’s important to be prepared for a variety of unexpected events that can arise on and off the water. The biggest precaution you can take is to speak with an insurance agent about securing proper coverage for your vessel. Even if it’s not required, this is essential for safeguarding your watercraft and financial wellbeing. Here are a few benefits you’ll gain from having a policy in place. 

Why Is Boat Insurance Worthwhile?

1. Protects Your Investment

Owning a boat is a significant investment, so you want to make sure you’re adequately protected should a mishap occur. Insurance will cover any damages to your vessel as the result of a collision, natural disaster, or vandalism. It can also provide replacement coverage if you experience a total loss due to theft, sinking, or irreparable damage. Without it, you may not have the funds to pay for repairs or buy a new watercraft. 

2. Provides Liability Defense 

Even the most cautious boaters can encounter problems out on the water. Fortunately, an insurance agent can make sure the right amount of liability coverage is included in your boat policy. This offers protection if you’re responsible for causing someone else bodily injury or property damage. It will also cover your legal fees and court-awarded judgements you may incur from being sued. 

3. Offers Emergency Assistance 

Similar to a vehicle, boats are made up of many components that can wear out over time. Whether you run out of gas or the engine fails, you’ll need to find a way to get back to shore. This usually involves getting a towing service and potentially scheduling repairs, which can be costly. With an insurance policy, you’ll enjoy your boating activities more knowing you’re covered under these circumstances.

If you’re looking for a reliable and affordable boat policy, turn to 1st Choice Insurance in Fairfield, OH. This family-owned and -operated agency offers a wide range of quality coverage options designed to provide clients with maximum financial security and peace of mind. Their experienced insurance agents will help you customize a plan that fits your unique needs and budget. Call (513) 860-0666 to request a quote, or visit them online to learn more about their services.