Purchasing a boat is no child play, given the amount of investment involved. It’s a considerable investment you probably have worked for months or years to accumulate. But have you thought of how you would protect that investment? Well, one sure way of safeguarding it is purchasing boat insurance. You may think that boat accidents don’t’ often happen, but it’s vital to protect your valuable investment when the unthinkable strikes.
While boat insurance isn’t mandatory in Tennessee, your lender might insist you carry boat insurance all year long. However, whether boat insurance is compulsory or not, there are a million reasons why you should purchase one. Carr Insurance Group has broken down some benefits associated with boat insurance. Let’s explore
Offers property damage coverage
Boat repairs are significantly high. You could be forced to dig thousands of dollars from your pocket if your boat needed repairs. But with a good boat insurance policy, you are at ease as all these repairs are covered.
It covers physical injuries
When you get involved in a boat accident, it could result in injuries that need treatment. With boat insurance, it covers treatment and hospitalization, and to some extent, the policy may cover wages for lost work. Convenient right?
It provides liability coverage
Accidents also happen in the water, just like on the road. If you are at fault for an accident that involved another watercraft or a person, you are liable for the expenses. Bear in mind that boat accidents can be tremendously costly, but boat insurance covers these costs.
Provides uninsured boat coverage
Not every boater on the water has insurance. If an accident happens and the uninsured is at fault, the damages are still actual and need repairs. If you have uninsured boat coverage, you can rest assured the policy will foot the bills.
Boat insurance in Maryville, TN
If you were debating on whether to have boat insurance, there you have it. Boating is all about fun and relaxation, but without boat insurance, you will constantly be stressing over any potential accident. Stress out no more. Get in touch with Carr Insurance Group for an affordable quote.