Boating is a fun and relaxing way to enjoy the outdoors. However, boats are expensive assets and, just like a home or car, you need insurance to protect your investment. If you were to have an accident on the water, it could cost thousands of dollars in damage. Here are four reasons why you should never go without boat insurance.
1. To Protect Your Investment
Your boat is a big investment and has a value that can range from a couple of thousand dollars to millions. It is important that you protect your boat because you would have no way to recover the cost if it were ever damaged or stolen. Every boater should have enough insurance to ensure that this does not happen.
2. To Protect Other People
Another reason to get boat insurance is third-party liability. This covers you against lawsuits filed by other people if they are injured or their property is damaged while your boat is being operated. For example, say you are fishing with your buddies and hit another boat. The people on the other boat get injured, their medical bills pile up, and they want to hold you responsible. If they were successful, the damages could bankrupt you. This is why you need insurance!
3. To Protect Yourself
You will want to protect yourself as well. Boat insurance can cover some or all of your medical bills if you are injured while out on the water. There is a limit to the amount of money paid, but it can help cut down some of your burdens. Injuries on the water happen more often than most people think, and they are painful both physically and financially.
There are many reasons to get boat insurance. It is something that every boater should have and not just for their own protection, but for the protection of other people in the water as well. If you are in El Centro, CA, and you need a boat insurance quote, then Armorcrest Insurance Services can help. Please contact us today for more information.
