You might be surprised at how many boat accidents occur in Florida every year. More than half of these accidents result in injuries and some are even fatal. Accidents are only one reason to have boat insurance. Boats may also get stolen which means you need a way to replace your boat. Boat Insurance in Naples, FL is something everyone who owns a boat should have to protect their investment. What is the importance of having boat insurance?
Liability
If you are at fault in a boating accident, liability will help to compensate the injured party or parties. The costs of insurance offsets the amount of money you might otherwise have to pay out of pocket for damages, medical expenses, and injuries for another person.
Passenger
Passenger medical coverage is another aspect of boat insurance that is smart to include with your policy. If someone is to get hurt or ill due to something that happened on your boat, you will not be ruined financially from the expenses incurred.
Uninsured Boat
If a boater who is uninsured causes a boating accident that involves your boat, you will have to pay for it out of your own money unless you include uninsured Boat Insurance in Naples, FL with your policy. This way, if you need to repair or replace your boat, you are covered whether the other guy is or not.
Towing and Assistance
Emergencies happen on the water and can require that you have your boat towed into a repair shop. This can cost a lot of money unless you have coverage for that. You can be reimbursed for towing and emergency assistance if you have this boat insurance coverage.
Physical Damage
Coverage for the physical damage of your boat that is due to lightning, vandalism, theft, fire, or storm damage is another important aspect of boat insurance. It should cover your boat, engine, motor, and the trailer.
These coverage options are important to your finances as well as your boating activities. Boats are not cheap investments and should be maintained, kept in good repair, and insured. Ackerman Insurance Services can help you determine how much and what kind of coverage will be best suited to your budget and your needs.
