Do you have comprehensive insurance for your boat, jet skis, wave runners, trailers, and everything else you take out on the water? At Covenant Insurance, we have developed some guidelines for our customers in Pooler, GA, and throughout the state.
- Most of our customers opt for "agreed value" insurance for their boats and other watercraft. This implies that standard boat insurance compensates the boat’s value minus depreciation in case of a total loss.
- Boat owners in Georgia need year-round protection. This includes coverage for your boat, whether it’s on the water, road, or stored safely away.
- All-hazard coverage safeguards your boat regardless of how it is damaged by collision, storm, or accidental mishap. Theft coverage is also available.
- Including medical coverage for boat-related accidents is essential. The deductible for this coverage is often lower than your health insurance policy.
Another vital factor in insuring your boat is liability coverage. If you have substantial cash or liquid assets, allow your teenagers to operate your boat, or use your boat as a party craft, you should consider umbrella insurance in addition to your standard watercraft policy.
Umbrella insurance increases your liability coverage from the relatively low limits in most boat policies to $1 million, $5 million, or even more.
Umbrella insurance covers you for incidents with your boat that happen in international waters. It helps foot the bill for legal expenses. It can also safeguard your hard-earned cash in the unfortunate event of an injury accident with your watercraft.
Whether you live in Pooler, GA, or anywhere in the state, Covenant Insurance has got you covered. Reach out to us today for a policy review!
