If you are the owner of a boat, you have a lot of responsibilities to keep your boat safe and protected. This includes boat maintenance, but it also includes getting boat insurance. To keep your boat safe and protect your finances, you need to have a boat insurance policy. Every state decides whether boat insurance will be required by boats in the state, and Michigan does not require boaters to have it. However, most marinas require you to have it and show proof that you do. When you want to keep your boat safer, call us at Luft Insurance Agency in Escanaba, MI to get started with a policy.

Boat Accidents

Just as on the road, collisions on the water do happen. This can leave a boat in bad condition and leave you vulnerable to paying for both property damage and the medical bills that come with any injuries on the water. If your boat isn’t covered by boat insurance, you would be responsible for paying all those bills out of your pocket. But when you have boat insurance, the policy would pay for those costs after a boating accident. You will have more peace of mind whenever you hit the water and enjoy your boat.

Coverage Types

Boat insurance is much like auto insurance. There are several types of coverage that you can choose from. It’s important to have liability coverage for your boat in case you are judged to be responsible for a boating accident. This can include medical bills and damages to the other person’s boat. You can also get coverage for your own boat for accidents and other damaging incidents that can damage it.