When purchasing boat insurance, it needs to cover as many of the risks you face as possible. You may be thinking about the boat itself and the liability risks on the open water. Do not overlook the importance of asset coverage, including the onboard gear you have.
At SWH Insurance Agency, LLC, serving Denton, TX, we help you get into the ideal boat/watercraft insurance policy for your needs.
What Boat Insurance Covers
You can select boat/watercraft insurance that covers your specific needs. When choosing insurance, be sure to select coverage that includes personal effects protection. This will cover many of the items you take with you on your boat, including:
- Water skis
- Electronics
- Fishing gear
Most policies have very specific requirements. For example, they only cover claims related to theft or damage to these items while using them on the boat.
Get the Right Coverage
Make sure you purchase enough coverage for personal effects. To do that, start with an inventory of the items on your boat. Determine the value of those items. Your policy should include at least that value of coverage to protect you from theft or damage that is unintentional or accidental.
Take the time to calculate all of the valuable assets you likely will have on board. This includes personal effects, electronics, and other gear that you normally carry with you on your trips. Your policy needs to be at least enough to cover these assets.
Let Us Help You With a Complete Policy
At SWH Insurance Agency, LLC, we provide you with guidance in selecting coverage that fits your needs. Set up a free consultation to discuss the boat/watercraft insurance policy best suited for your needs. We serve clients throughout Denton, TX and the surrounding area.
