It is that time of year when most residents of Massachusetts take out their boats and go on to Cape Cod to enjoy their summer. Whether you have a small motor boat, sailing boat, or Yacht, getting insurance is always something you as boat owner should be aware about. Let’s be frank, anything can happen to your boat. You could acquire any damage, anything and you want to make sure you are protected, as it is a very valuable possession. Not everyone in Massachusetts has the luxury of owning a boat, so taking care of yours is of utmost importance.
As a Mass Resident, there are things you should be aware of when shopping for insurance policies. To make sure you are choosing the best one for you.
What kind of Coverage Should I Seek?
You should know that the higher the coverage the better protected you are; reason being is that if your boat needs to be repaired or be replaced you would be able afford the cost of materials for your boat or yacht. Choosing a high deductible, can also be beneficial because the more you are able to pay of your own income for replacements can lead to a low premium which would benefit you long term.
What does Boat Insurance Include
At the most basic level boat insurance will assist in covering for property damage to the boat and equipment. It will also protect you against any personal liability that may occur. Being out in the Massachusetts waters a boat owner is not alone, as many others also take out their boats to enjoy the season. Coverage for personal liability protects you, for any accountability that may be placed upon you for any property damages or physical injuries. If any physical injuries to other people do occur while the boat is in your ownership. Boat Insurance will also help you pay for any medical expenses that you may acquire, as a result of the injuries. Boat insurance also includes uninsured boat owner coverage, which is very important if your boat acquires any damages from a hit and run situation, or a boat owner who does not have boat insurance. This would be the same case for personal effects coverage which boat insurance also covers for any clothes, fishing equipment. Some of the coverage highlighted above can be purchased on top of the basic level boat insurance you decide.
Want to learn more about what is the best coverage for you this summer Visit Walsh Insurance.com For more information about our boating insurance, or for a free quote, please give Walsh Insurance a call at 978-745-3300.