WHAT IF AN UNINSURED BOATER DAMAGES MY BOAT?
WHAT’S THE DIFFERENCE BETWEEN UNINSURED WATERCRAFT AND LIABILITY COVERAGE?
Uninsured watercraft coverage helps pay for injuries people on your boat sustain from another boater who does not have insurance. Meanwhile, liability coverage helps pay for expenses if you, the boat insurance policyholder, accidentally damage another person’s property or injure another person. If you are responsible for a boat accident, liability coverage can help prevent you from paying out of pocket for the resulting damage to the other person’s property or their related medical expenses.
WHAT IF I DON’T HAVE BOAT INSURANCE?
In addition, boat insurance usually helps protect your boat from additional risks, such as theft, fire and vandalism, according to the III. The property coverage on a boat insurance policy helps pay to replace your boat if it is stolen, for example, but without insurance, you’d need to purchase a new one on your own.
You’ve likely invested significant time and money in your boat, so it only makes sense that you’d want to take steps to help protect it — and yourself. Having a boat insurance policy with the coverages that fit your needs can help give you the peace of mind that comes with knowing you have a safety net in place, just in case the unexpected occurs.
The Pfarr Insurance Agency is located on Point Ruston right on the water. We love to be near the water just as much as you do. Give us a call and we will take care of you because we know how much your boat means to you.