Do you enjoy the feeling you get when you spend the day cruising around the lake or ocean in your boat? It can be a great way to relax and unwind from all the stress and aggravation you have to face each day. When you are out having a good time boating do you ever think about boat insurance? This is something that many people tend to not think about unless an accident happens. However, having insurance for your boat is just as important as having car or motorcycle insurance. In the event of an accident you need to be covered.
Accidents are probably the number one reason you should buy boat insurance. If an accident occurs not only can the boat be badly damaged but someone can also get hurt. Sometimes this involves a collision between two boats. However, many accidents have occurred where the driver of a boat didn’t see a water skier or a swimmer and they are hit by the boat. Serious injuries have occurred and in some cases even death. If you have insurance then it will help protect you from being sued if any type of accident was your fault. It will also help to pay for repairs or the replacement of your boat.
The water is a pretty tricky thing, it can be calm one minute and the next you could be facing unforeseen events that catch you off guard. You could encounter rough water that could damage or even overturn your boat. This is especially true if you are boating in the ocean. In some cases tornados and hurricanes are a real threat. These can completely destroy your boat even when it’s sitting on dry land. Without boat insurance you have to repair the damage or replace the boat on your own.
Another reason that boat insurance is a great idea is because boats can be stolen. It is a common problem and it can happen to you. If someone steals your boat and you do not have boat insurance then unless the boat is recovered in good condition you are basically just out of luck. Whatever amount of money that you have put into this investment will all be lost.
Many people think that buying boat insurance is very expensive, but this is not always the case. In fact, buying boat insurance can actually save you a lot of money. Take a few minutes to think about the reasons listed above for having boat insurance and consider what situation you would find yourself in, if any of these things happed to you. You will then see how important it is for you to be protected. Just imagine how much it will cost you to replace your boat compared to the price of an insurance policy, you will then see how cheap insurance for your boat really is.