Your boat may be paid off. If so, you don’t have to worry about carrying boat insurance coverage in order to qualify for the conditions of a loan. However, most marinas have guidelines for boat insurance coverage as a condition of docking there. Besides, do you really want to worry every time a stern line slips and your craft knocks against the fender? Ask your Aspen Gold Insurance Brokers about the types of coverage you need to protect your vessel in Broomfield, CO. In the meantime, here’s some basic information to get you started.
Boat Coverage for Your Craft
In most circumstances, a boat policy is an “All Risk” policy that covers an array of misfortunes that could happen to your vessel. This includes vandalism, theft, fire, lightning, grounding or sinking, and it may even include stolen or lost belongings. Consider options that cover personal items, such as watersports equipment or fishing equipment. In the case of a breakdown, tow coverage is a real lifesaver.
You can get coverage for physical damage to another boat in the case of a collision or other event where you are held liable for personal injury or property damage while operating your boat. Maybe you want to protect yourself against underinsured or uninsured boaters. Whatever coverage you want or need is probably available, and it’s just a matter of prioritizing what fits into your budget.
Cover the Value of Your Boat
The more valuable your boat, the more you need boat insurance to protect you against financial loss. An umbrella policy takes over when you’ve reached the limit of your boat’s liability insurance. Contact Aspen Gold Insurance Brokers for your boat insurance coverage needs in Broomfield, CO.