A benefit of living in Connecticut is our proximity to Long Island Sound and the Atlantic Ocean. We also benefit from access to a number of beautiful lakes and rivers, which makes boating a common leisure activity.
Whether you own a vessel for inland or shoreline excursions, you’ve made a significant investment. Storage, maintenance, and general ownership are costly. You need Boat Insurance to protect your property, yourself and others.
Boat Insurance for Whatever May Happen
Boat Insurance certainly protects you and your vessel on the water. However, not all claim incidents happen there. A writer for Marlin Magazine noted that claim situations can happen anywhere at any time. In fact, his father’s second only claim in more than 17 years was from a lightning strike that destroyed most of the boat’s electronics.
The fact that something can happen to your watercraft at any time, even when it is being delivered, leads the magazine to recommend a Boat Insurance Binder. The binder represents the insurance company’s commitment to cover your new boat. It also is usually required by a lender in order to obtain a loan.
Once you get the vessel onto the water, the Observer-Reporter says your insurance can provide medical protection for you and your passengers. Similar to your Auto Insurance, your policy extends that medical coverage to others who may be injured by your boat.
Another way insurance for your vessel is like your car’s includes how you use your boat. Will you rent it to others or entertain business clients? Will you enter fishing tournaments or have a side hustle ferrying tourists? Your insurance agent needs to know all the ways you use your boat to provide you with proper coverage.
As your local agency for the last 50 years, the Keating Agency is an independent insurance agency. This means we have relationships with more than two dozen insurance carriers. We work with them to create the best insurance policy to meet your needs.
So, if you have questions about insuring your boat, car, or anything else give us a call. At the Keating Agency, we’re always looking out for you.