Do you own a boat? Have you looked into buying one? These ten points can help you understand the insurance aspects of boat ownership.
1. Homeowners insurance may cover small boats, but most will not cover
2. Boat insurance combines elements of homeowners insurance and auto insurance. Depending on the terms, a policy can cover both liability and loss of property.
3. Like auto insurance, boat policies cover your liability for injury, damage to your boat, and damage to property.
4. You can purchase additional coverage for theft of the vehicle or your personal property on the boat, vandalism, fire or natural disasters. You can also add uninsured boaters coverage in case you are struck by another boat.
5. A boat policy may limit coverage to certain times of the year (ie. only in effect during "boating season". Make sure you review any policy carefully, to avoid operating the boat without coverage.
6. Insurers often offer discounts when boat insurance is bundled with homeowners or auto policies. An independent agent can help you find the right coverage and the best deal.
Cook, Disharoon & Greathouse can assist Oakland, California-area residents with your boating, auto and home insurance needs. To learn more,
contact us.
