Having a boat to take out on the water can be a fun and relaxing way to spend your weekend. But just as when you own a car, there is always the possibility of something happening to the boat or the people on or around it. Damage could occur on land or water; it could be caused by an accident, vandalism, or the weather. Just as you would purchase car insurance, it is important to have marina liability coverage for your boat.
There are many options to consider when purchasing insurance for your boat. You can get protection for possessions that are kept onboard, roadside assistance or collision damage. There are also plans available to protect against injury to someone on or outside of the boat. Coverage can also include damage to the sails or hull caused by storms. It is impossible to predict if or when any of these events would happen. But if any of these situations did occur and you were not prepared with insurance, the cost to you could be astronomical.
When shopping for marina liability coverage, take the time to explore all your options. Discuss available plans and features with experienced boat owners and insurance professionals. Remember, it is better to be prepared than to be faced with a financial burden after an accident.