Before you hit the water for a fishing trip or a weekend party, it is crucial to inform yourself about boat insurance. For first-time boat owners, you may be confused about what it’s all about. Luckily, it is a bit like car insurance with coverage helping you during a time of need. Still, there is plenty more to learn about insurance for California boats. Here is some vital information about this coverage type.
What Does It Cover?
Different agencies offer certain types of coverage in their boat protection plans. However, most will cover theft of your boat or any damages it may sustain. Other agencies may focus on liability coverage. This can include damages you cause to another watercraft, person or property.
Boat insurance may also help with medical expenses for procedures your passengers must undergo if they are hurt on your boat. You can also choose to invest in uninsured coverage which helps you if you are involved with a boat that has no insurance whatsoever.
How Much Does It Cost?
The price of insurance of California boats varies greatly from client to client. Things like past boating history, price of the boat, use of boat and safety equipment can affect your rates. Still, you should expect to spend at least 1% of your boat’s price.
If you are serious about boat coverage reach out to an agency for more information.