Whether you use your boat to sail, cruise, or fish in Webster Groves, MO, and its environs, you need to understand the ins and outs of boat insurance. Watercraft insurance saves the day when the unthinkable happens. Unfortunately, many boaters choose to ignore boat insurance because it’s not mandatory. However, this trend can turn into a nightmare when disaster strikes. If you are contemplating whether to purchase boat insurance from Travers Insurance Webster, here are the benefits to expect.
How much does your boat cost? It’s probably thousands of dollars. That said, you need a proper boat insurance plan to protect your investment. Boat insurance pays for damages up to your policy limit when a covered peril occurs. Boat insurance saves you the headache of financing repairs and even replacing your boat after a catastrophe.
It’s probably required
Whereas watercraft insurance isn’t mandatory in Missouri, your lender may insist you carry boat insurance to protect their financial interest. Given that lenders are in investment, it makes sense to protect the boat they have financed to avoid running into losses.
While no one desires accidents, they can still happen. When accidents occur, you can be liable for bodily injury and property damages for losses you cause to others. Thankfully, with liability coverage, you don’t have to incur out-of-pocket expenses to cover third-party losses.
Provides more coverage than home insurance
Many boaters often take comfort that their boats are covered by home insurance. Although it’s true home insurance covers your boat, the problem is that it provides limited coverage. Typically, your home insurance will cover your boat up to $1,500. This amount can only be sufficient for small boats.
Buy boat insurance today!
Having seen the importance of boat insurance, it’s time to buy coverage from Travers Insurance Webster. Contact us today for an affordable quote, or visit our Webster Groves, MO offices to talk to one of our agents.