Competitive boating activities might necessitate additional insurance coverage. Access to sufficient insurance products will minimize out-of-pocket expenses and ensure your boat can be repaired promptly.
Competition-Related Risks
Boating competitions involve a variety of activities. A boat can be used for racing or individual activities conducted on board.
For example, a boat might serve as a venue for fishing activities. Each activity for which your boat is used may come with its own set of risks. These risks will determine whether additional insurance coverage is required. You may ultimately choose to purchase more liability coverage, collision coverage, or personal property coverage.
Liability Coverage
Liability coverage protects you if your watercraft injures another person or damages their property. If competitive activities pose a risk of injury or damage, acquiring more liability coverage is a wise consideration.
This liability protection will compensate you for legal costs, medical costs, and repair costs that you incur as a result of a boating accident for which you are found at fault.
Collision Coverage
If a competitive boating activity results in an accident that isn’t your fault, your boat may sustain serious damage. Collision coverage can cover repair costs necessary to restore your watercraft.
Personal Possession Coverage
Navigational aids and other personal possessions that you use on your boat could become damaged or stolen. Having personal property coverage will enable you to repair and replace affected items.
Contact An Agent at Land Home Insurance Services
Contact one of our agents for further assistance with your boat insurance policy. An agent will add the types of coverage that you wish to include in your policy.
