Category: Boat/Watercraft Insurance

If you own a boat, you know how much fun it is to take it out on the water. However, this can also expose you to risks. Every boat owner should have boat insurance just in case the worst happens. There are many dangers on the water, so you need to be insured against them. If you don’t have a boat policy yet, call us at Ken Boldt Insurance Agency II Inc. in Green, OH. 

Boating Accidents

When you take your boat out, there’s always the chance that you could get into a boating accident. If this happens, you could be liable for any costs that come from the accident. If you’re judged to be at fault for the accident, you could owe a lot on bills like medical and repair bills. All of these could be up to you to pay on your own without boat insurance. This can be financially devastating. It’s important to never go out on the water without your policy in place for your own financial protection. 

Coverage Types

Within a boat policy, there can be several types of coverage. These can include bodily injury coverage that pays for medical bills after an accident. They can also include property damage liability that pays for damage to another boat. Of course, boats can sink and may need to be replaced entirely. You can also get collision coverage to pay for the repairs to your own watercraft when you’ve caused an accident. 

Get Boat Insurance Now

Don’t stay in financial jeopardy. Make sure you have a boat insurance policy to protect yourself. Call us at Ken Boldt Insurance Agency II Inc. in Green, OH, to get your policy.

When you own a boat, you’re free to take to the waterways near Green, OH on your own terms. While you’re enjoying the sun and fun, you may wonder whether you have enough insurance to cover anything that might come up while you’re exploring the nearest lake or river. At Ken Boldt Insurance Agency II Inc., we can evaluate your existing boat insurance and help you understand why it’s important to protect your vessel with the right coverage.

Do You Really Need to Buy Boat Insurance?

Although you may not think insurance is worth it, you might change your mind if you’re ever in a collision or other mishap. The risks you face in the water are very different from those you face when driving your car or other vehicles. Besides, many marinas require proof of insurance before you’re allowed to dock your boat there.

Why Is Boat Insurance So Important?

When you get behind the helm of your boat, you assume certain responsibilities to yourself, your passengers, and other vessels in the water. Property insurance will pay for repairs if your boat is damaged in an accident. Liability coverage will pay for bodily injury and property damage to other boats in an accident you cause.

What Does Most Boat Insurance Cover?

Every policy is unique, but most boat insurance covers wreckage and fuel spills. However, it’s important to understand how your specific policy is written and what that means in the case of a future claim.

Where Can You Find Answers to Your Boat Insurance Questions?

Contact Ken Boldt Insurance Agency II Inc. to review your boat insurance or to get a quote on what it would cost to safeguard your vessel in the event of an accident or other covered peril near Green, OH.

Choosing the wrong policy or not reading the fine print can lead to some unpleasant surprises when something happens. Many policies have a cancellation clause that goes into effect if the boat is not maintained according to manufacturer recommendations. Others have a provision for declining value if the model is not kept up to date with the latest safety features.

For expert insurance advice, consult with Ken Boldt Insurance Agency II Inc. in Green, OH. 

Common Mistakes & Boat Insurance 

As with any insurance policy, the most common mistake people make when buying boat insurance is failing to shop around and compare quotes from different providers. Boat insurance may seem like a one-size-fits-all product, but there are actually significant differences between policies, even within the same company. Understanding exactly what you need and then researching different providers will help you find the best fit for your situation and save you money as well! 

Not buying enough coverage, not updating the policy when you buy a new boat, or not filing a claim if your boat is damaged are a few common mistakes people make when buying boat insurance. Most insurers will not offer an exact amount for the value of your boat when you apply for a policy. Instead, they will request information about the make and model of your boat, as well as its value when brand new. Ensure you provide all the information the insurer requested to avoid delays in your policy. 

Boats are an investment, and just like any other type of insurance, it pays to do your research. The easiest way to save on boat insurance is to shop around. Many insurers offer an online quote tool, so it’s quick and easy to get a quote for your boat. It’s also important to certify you have the proper boat insurance for your particular boat. Boat insurance may seem like it’s standardized, but there are differences in coverage from one policy to the next. 

Give Us A Call

Finally, it’s important to keep accurate records of your boat maintenance. Buying boat insurance can be confusing, especially for a first-time buyer. While it’s true that insurance isn’t necessary if your boat is tied up and not worth more than its value (typically less than 10%), it’s still a good idea to have it. 

Setting a budget and doing your research are the best ways to avoid common pitfalls when buying boat insurance. If you’re unsure about how to find the right policy for your needs in the greater Green, OH community, give us a call and consult with our agents at Ken Boldt Insurance Agency II Inc.

The best way to enjoy your boat for years to come is by making sure you have adequate boat insurance in place. At Ken Boldt Insurance Agency ll Inc. serving Green, OH, we can help you learn everything you should know about boat insurance. 

Is Boat Insurance Required?

Different states will have different requirements concerning boat insurance. Even if the area you live in does not require boat insurance in order to legally operate the boat on open water, you will want to consider purchasing boat insurance. Boat insurance is the best way to protect the investment you made in the boat as well as to protect other boaters and those who will spend time on your boat. If you plan to travel with your boat, sufficient boat insurance will make it possible for you to enjoy your boat where ever you may go. 

What Does Boat Insurance Cover?

Boat insurance can be customized to suit your particular needs, but in general, most boat policies will provide coverage in the following areas:

• Property damage- If your boat is damaged due to an accident, fire, natural disaster, or burglary, the policy will kick in to help reimburse for your losses. 
• Liability coverage- If your boat is involved in an accident which causes damage to another vessel you could be held liable for the expense of repairing or replacing that vessel. If someone is injured on your boat, or injured in an accident that your boat caused, you could also be held liable for medical expenses or legal fees. Liability coverage will protect you from paying these expenses out of pocket. 

If you would like to learn more about our insurance products or services, please contact us at Ken Boldt Insurance Agency II Inc. serving Green, OH. 

For over 20 years, Ken Boldt Insurance Agency II, Inc. has assisted the Green, OH community, and the surrounding areas by offering residents different types of insurance coverage. We take pride in serving our clients and helping them find the insurance coverage that they need.

Discovering Boat Insurance

Your boat is likely one of your most prized possessions. That’s why it is vital that you protect your investment. Boat insurance protects your boat and gives you a layer of security as you have fun by the lake. You will be covered regardless of whether you have a smaller sized boat, a large sailboat, or a yacht.

The policy covers you in several different situations. You’ll be covered if your boat is damaged due to a collision or if your boat is vandalized. You can amend your policy to protect all of your belongings on the boat if they are stolen. You may also be able to amend your policy to cover any custom equipment on your boat.

Liability coverage is also essential. You’ll be covered if your boat collides with another watercraft, and you may be held liable. If you are having a social gathering on your boat, research different policies to find coverage that protects you if someone gets injured while they are on your boat.

Other Things To Consider

Check to see if you can amend your policy to cover you if your motor stops working, and you need to use an emergency towing service. Also, be sure to research the policy’s navigational limits. This will outline the area where you can use your boat and maintain coverage. Venturing outside of the area may cause complications.

Ken Boldt Insurance Agency II, Inc. Is Here To Help You

For more information on boat insurance, visit our office today! We proudly serve the Green, OH community, and look forward to helping you!