Boat insurance is a type of policy designed to cover multiple water vessels, like sailboats, motorboats, and personal watercraft. While this allows you to get protection for various boating assets on the go, understanding your Richardson, TX insurance will be essential in helping you understand different covered perils. Collum Insurance Group LLC breaks down items covered by boat insurance.
Property coverage protects your boat when you are involved in a boating accident, both on water or land. When this happens, this policy helps you pay for your repair expenses. Property coverage also comes in handy when your boat is stolen, compensating you for the replacement expenses incurred.
Liability coverage is another item covered by boat insurance and will kick in when you damage someone else’s property or cause injury during a boating accident. This policy helps you pay for 3rd party repair expenses or replacement costs when the destruction caused is significant. Treatment costs are also covered by liability insurance, allowing you to get compensation for 3rd party medical bills.
Uninsured Watercraft Coverage
If your boat collides with uninsured watercraft, uninsured watercraft coverage helps you pay for the resulting expenses. Your medical costs and that of injured passengers are covered, helping you eliminate any out-of-pocket expenses.
Medical Payments Coverage
If you are injured during an accident, medical payments coverage takes care of your hospital bills. Injured passengers are also covered by this insurance, with some examples of covered expenses being X-rays and medication.
Towing coverage comes in handy when your boat breaks down. This coverage often includes towing options both on and off the water, allowing you to take care of repairs easily.
If looking for boat insurance to keep you covered during your stay within Richardson, TX, consider giving Collum Insurance Group LLC a call today. We will help you get boat insurance with the proper boating safeguards in place.