There is something truly exhilarating about boating, and there’s nothing quite like it; it is fun, adventurous, and represents an exciting lifestyle at the very least.
Often considered as a lifelong dream by many, buying a boat is a big investment which will extend long past the purchase of your vessel. And in a similar fashion to owning a car, you wouldn’t dream of buying one without ensuring that it is protected from damage or theft, which is why marine insurance for your boat should not be overlooked.
Without further ado, here are 4 crucial benefits of marine insurance.
1. Damage Coverage
We imagine it comes as no surprise to you that repairing any damage incurred to your boat could be devastatingly costly. Moreover, if the damage is entirely beyond repair, that financial burden will make the situation that much worse. Having a quality boat insurance policy will put your mind at ease, allowing you to explore the sea to your heart’s content with the best possible protection.
2. Liability Coverage
Unfortunately, even the best of boaters are prone to a spot of bad luck every now and then. You could be highly knowledgeable of your craft, having done everything correctly down to the last detail, yet you are still pushed by fifty-knot winds into another approaching vessel. Without liability coverage, there’s no telling what the outcome could be.
The same could apply to physical injuries as a result of a boating accident. Unfortunately, these do tend to occur from time to time. At least, having the right marine insurance cover can turn a catastrophic outcome into a manageable inconvenience.
3. Emergency Assistance
Could you imagine being stranded miles offshore with no family or friends able to come to your aid? It’s a scary thought to say the least, and having a professional tow service come to get you is no cakewalk in the expense lane either. With the right boat insurance policy, that worry would become non-existent.
4. Coverage against Uninsured Boater
Similarly to on the road, you may find that not every boater is covered by insurance. Regardless, if the at-fault party is uninsured, the damage would have already been done. Thankfully with boat insurance, you can also be covered for uninsured boaters in case the unfortunate occasion strikes.
It’s safe to say that boats are about relaxation. Likewise, so is boat insurance.
Get a quote with MAX Insurance Brokers and we will ensure that you continue to sail with your mind at ease, finding you with the best cover for the best price!