If you’re a boat owner, having insurance protection is essential to safeguard against accidents and other risks. Boat insurance functions similarly to auto insurance, offering comparable types of coverage. At a minimum, your boat policy should include liability coverage, which protects you while you’re out on the water. Although boat insurance isn’t required in Kentucky, no boater should be without it. To get started, contact Roark Insurance Agency in Flatwoods, KY today.
Types of Liability Coverage
Boat insurance liability coverage typically includes two key components:
Bodily Injury Liability: This coverage pays for the medical expenses of the other party if they are injured in an accident involving your boat.
Property Damage Liability: This coverage pays for damage to the other party’s watercraft and any personal items on board.
Having both types of liability coverage is crucial, as they protect you from the potentially high costs associated with boating accidents.
Expensive Boating Accidents
Without liability coverage for your boat, you could face significant out-of-pocket expenses in the event of an accident. These costs may include medical bills for the injured party, their lost wages, legal fees, and repair costs for their watercraft. Boating accidents are more common than you might think, and the financial burden of an uncovered accident can be overwhelming. Liability coverage ensures you’re protected from these expenses.
Get Boat Insurance in Flatwoods
As a boat owner, insurance protection is a must. To get started with a policy, contact Roark Insurance Agency in Flatwoods, KY today.
