Why Should I Get Boat Insurance?

One of the best ways to spend a nice summer day is to be out on a lake or other body of water in your own boat. For those that are in the Ballston Spa, NY area, getting a boat can be very exciting, but it also comes with some additional responsibility. One important thing to consider is whether or not you should get boat insurance. There are several reasons why you should get insurance on your watercraft.  

Protects You From Liability

One of the primary reasons why you should have boat insurance is that it will protect you from liability. Whenever you are out on the water, you are responsible for your boat, your party, and anyone else in the water. If you happen to be found at fault in an accident, the resulting claims could be significant. Your boat insurance policy will provide you with liability insurance protection in these situations.

Protects Your Asset

While having liability coverage is important, you should also make sure that your asset is appropriately covered. Buying a boat is a big financial decision and protecting it with insurance is always a good option. When you have a boat insurance policy in place, you will receive coverage from a variety of losses including boating accidents, vandalism, and even theft. This type of coverage is also almost always required if you have a loan outstanding that is secured by the boat. 

For those that are in the Ballston Spa, NY area, having boat insurance is very important. The Zapp Insurance Agency will help you to get the right boat insurance policy to meet your needs. The Zapp Insurance Agency will be able to help you understand all of your options and help you choose the best policy available for you.