Boat insurance is one of the oldest forms of insurance but varies widely based on coverage, price, and other considerations. That’s why you may want to speak with a boat insurance professional at Bishop Insurance Brokers Inc. to learn a few things about the policy before making a purchase.
Boat insurance protects you and your prized vessel against damage, loss, or liability in the event of a an accident. Insurance coverages, limits, and prices vary based on the type of vessel you own.
Boat insurance recovers your boat if stolen, damaged in an accident, or if it accidentally sinks into a body of water. Boat insurance can also help pay for lawsuits if you accidentally cause bodily harm or damage to other people’s property.
Boat and/or Personal Watercraft insurance covers:
Boat insurance needs vary from one boater to another. Insurance companies also use different techniques to determine your insurance rates. However, it’s your responsibility to assess your needs, learn the coverages offered, and decide which ones work for you.
Insurance companies check the type of boat you are using, your driving record, where you intend to store the boat, how you use the vessel, and which part of the water your boat uses to determine your rates. Calculate the value of your boat and personal property in the boat to come up with an approximation.
Need to insure your watercraft in Mississippi, Louisiana, and Alabama? Contact our insurance agents at Bishop Insurance Brokers Inc. for more information, questions, quotes, or new policy discussions.
