by Administrator
5. November 2015 09:15
Boat insurance is an essential investment in order to protect yourself against costly repairs or financial liabilities arising out of unforeseen circumstances. Whether you own a personal watercraft, jet boat, sailboat, fishing boat, cabin cruiser, bass boat or house boat, you must purchase adequate insurance. However, with so many coverage options available, it can be quite difficult to make the decision.
Here are some of the common coverage options included in a boat insurance policy:
- Physical Damage Coverage: This includes damage caused to the boat, its engine, motor or other attached structures due to accidents or natural disasters.
- Bodily Injury Liability: In this, your insurance policy will pay for your as well as your fellow passengers’ medical bills in the event of an accident, regardless of who is at fault.
- Personal Liability: It provides coverage to another boat owner in case you are responsible for an accident on the water. Your policy will pay for the boat repair costs, medical care, lost wages and other financial losses incurred by the other party.
- Uninsured/Underinsured Bodily Injury: If you are involved in an accident due to the fault of an uninsured or underinsured boater, this coverage will pay for medical treatment, lost wages and other expenses incurred due to the accident.
- On-Water Towing: This is an additional coverage option that provides towing service in the event your boat breaks down in the middle of the sea due to a mechanical failure, insufficient fuel or an accident.
- Personal Effects Replacement: It provides coverage to your personal belongings stored on the boat such as clothes, electronic gadgets, water sports gear, boat hoists, lifts etc.
- Total Loss Replacement: This coverage comes into effect if your boat is completely damaged in an accident. The company will pay the cost to replace your boat, according to the current market value of the same make and model.
- Fuel Spill Liability and Wreckage Removal: It provides for the cost of cleaning up fuel and removing debris from the boat following an accident.
We, at Shawn Camp Insurance Agency, Inc., offer affordable boat insurance in Killeen, TX. Our agents will help you choose the most suitable insurance policy with extensive coverage and affordable premiums. For more information, you can call us at (254) 526 – 0535 or visit our office at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.
