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Boat Insurance

Owning a boat is a source of joy and adventure, but it also comes with responsibilities and risks. Just like your car or home, your boat needs the right insurance to protect you from unforeseen events on the water. Boat insurance offers essential coverage to safeguard your vessel, your passengers, and yourself from potential financial setbacks.

What is Boat Insurance?

Boat insurance provides financial protection for your watercraft against various risks, including damage, theft, and liability. It covers a range of boats, from small personal watercraft to larger vessels, ensuring you can enjoy your time on the water with peace of mind.

Why Do You Need Boat Insurance?

While not always required by law, boat insurance is crucial for protecting your investment and yourself. Accidents, weather events, and unforeseen incidents can lead to significant expenses. Boat insurance helps cover these costs, preventing them from impacting your finances.

Key Benefits of Boat Insurance

  1. Comprehensive Coverage: Protects your boat from damages due to accidents, theft, vandalism, and weather-related incidents.
  2. Liability Protection: Covers legal fees and damages if you’re held responsible for injuries or property damage to others.
  3. Medical Payments: Provides coverage for medical expenses for you and your passengers in case of an accident.
  4. Salvage and Wreck Removal: Covers the cost of salvaging or removing your boat if it’s damaged or sunk.
  5. Uninsured Boater Coverage: Protects you if you’re involved in an accident with an uninsured or underinsured boater.

Types of Boat Insurance Coverage

  • Liability Coverage: Protects against legal liability for bodily injury or property damage caused by your boat.
  • Physical Damage Coverage: Covers repair or replacement costs for your boat in case of damage.
  • Medical Payments Coverage: Pays for medical expenses resulting from a boating accident.
  • Uninsured/Underinsured Boater Coverage: Protects you if you’re hit by a boater with insufficient insurance.
  • Towing and Assistance: Covers the costs of towing your boat if it becomes disabled on the water.

How Much Coverage Do You Need?

The amount of boat insurance coverage you need depends on several factors, including the type and value of your boat, where you use it, and your personal risk tolerance. It’s important to evaluate your needs and choose a policy that offers adequate protection.

Contact Us

Ensure smooth sailing with comprehensive boat insurance. At Licato Agency, we’re dedicated to finding the best coverage for your needs. Our experienced team will guide you through the options and help you secure the protection you need at a price you can afford.

Call Licato Agency today at 908-757-5500 to discuss your boat insurance options and get a personalized quote. Protect your vessel and enjoy your time on the water with confidence!