Do you live in or near Renton, WA? Do you own a boat? Is it insured? If not, All Nations Insurance can help you. Only Utah and Arkansas have boat insurance mandates. But it is still wise to obtain it.
What is boat insurance?
It protects you financially from damage or injuries you cause to others while boating. It will also cover your boat and trailer if it’s stolen or vandalized. Boat insurance will cover fishing boats, powerboats, pontoon boats, and other watercraft such as Jet Skis.
Boat insurance is like homeowners insurance. You will be covered if someone is injured on your boat. Like car insurance, you can purchase collision and comprehensive coverage for your boat.
A lender may require your boat to be insured if you are financing the vessel and most marinas will require it if you are docking your boat there. When choosing your coverage, you can decide between actual cash value or replacement cost coverage if your boat is stolen or totaled. The chosen coverage decides what your cost will be and how much the insurance company will pay on a filed claim.
A boat insurance policy does not cover boat docks. The homeowners’ policy will pay for dock damage resulting from hail, fire, lightning, or windstorms if it is located on your property.
The amount of insurance you need for your boat depends on several factors. The age, size of the motor, value of the boat, lender requirements, marina, and state requirements and its intended use. When choosing a coverage amount, it is a good idea to assess risk tolerance, budget, and personal assets.
Give Us A Call
All Nations Insurance in Renton, WA can provide you with a no-obligation quote or answer any questions you may have regarding this coverage. Contact us today. You will be glad you did.