Your boat is your ticket to fun water activities and one of the best ways to make priceless memories. That is why you should take your time to select, budget, and buy adequate boat insurance. When considering how much coverage to buy for your watercraft in Easton, MD, Ashley Insurance recommends asking yourself two questions; how do you intend to use the boat, and how much do you have to lose. Let’s discuss these in detail.
How do you intend to use the boat?
How you use your boat determines how much insurance you will need. If you will be using your boat for recreational purposes, it’s obvious that you won’t be in the water all the time but on specific days, especially during summer. That means you can buy a half policy to protect the boat when in the water and store it when not in use. If you want to fish, you need to get commercial insurance to protect your commercial activities.
What is the cost of your boat?
The size, type, and cost of your boat also come into play. Your insurance company will want to know these details to determine your premium rates. Typically, costly motorboats can be expensive to insure, especially if you’re using them for sporting activities.
How much damage can you do to others?
How often you use your boat plays a significant role in determining the amount of insurance, as it all comes down to damage. If you’re operating your boat every day, you’re at a higher risk of injuring yourself or other people, which can quickly turn into a lawsuit. Lawsuits are quite expensive in Easton, MD. You may want to get enough liability and think about other coverages that protect you and your passengers, such as medical coverages.
Let us help you
At Ashley Insurance, we care about your financial investment plans. That’s why we help our customers get the best policies they can afford to protect their assets. To learn more about our policies and the entire purchase process, feel free to call us.
In the Easton, MD area, the nice weather during the summer months of the year makes it a great place to own a boat. If you are a boat owner here, you can have a lot of fun enjoying all the local waterways. While you can have a lot of fun when owning a boat in this area, it is important to remember that it comes with responsibility. One responsibility that you will have is to ensure the boat is properly insured. You will need to have boat insurance here for a few reasons.
Protection for Boat
A common reason to have a boat insurance plan in this area of Maryland is to ensure that you have protection for the boat. Buying a boat and maintaining it the right way requires a big investment. A great way that you can protect this is by getting the right insurance. If you do properly insure the boat, you will have coverage against the risks of theft, vandalism, or other forms of loss.
Required for Use in Some Areas
It would be best to get insurance for your boat as it may require use in some areas. If you intend to lease a space in a marina, you will likely have insurance requirements that need to be met. Having this coverage provides comfort to the marina and other owners as you will have liability protection if you cause an accident that results in damages.
As you are looking for a boat insurance plan in the Easton, MD area, it would be helpful to call Ashley Insurance. There are a lot of choices to make when you are looking for boat insurance. The team with Ashley Insurance will help by carefully evaluating your needs and options and providing the support to choose an ideal insurance plan.
Boat insurance is not a requirement under the state law in Maryland, but there are circumstances in which you may be required to obtain a boat insurance policy. The agents at Ashley Insurance in Easton, MD know and understand the importance of boat insurance and the available coverage options.
If your boat has been used as collateral for a loan or you owe a loan for the boat’s purchase, you will be required by the lender to obtain a boat insurance policy. You may also be required to have a boat insurance policy if the marina where you have your boat docked requires it. Whether you are required to have boat insurance or not, you have invested in your boat and will want to ensure it is protected. There are several coverage options available for your boat insurance policy.
Liability Boat Insurance
If an accident occurs involving your boat, liability insurance will cover injuries sustained by anyone involved in the crash, including passengers on your boat, if it is deemed to be your fault. Liability insurance also covers any property damage that occurs during an accident.
Comprehensive coverage is designed to repair or replace your boat if it becomes damaged or destroyed by a natural disaster, such as a hurricane, or a fire or vandalism incident. If your boat or watercraft is stolen, this part of your policy will help you purchase another boat.
Collision coverage will help you pay for any damages to your boat or other watercraft if you collide with another boat or an object. For instance, if you hit the dock as you are attempting to park your boat, the collision part of your policy will pay to repair your boat as well as the dock if it is damaged.
To get your boat insurance policy started today and protect your investment, contact Ashley Insurance agents in Easton, MD to schedule an appointment or to receive a quote.
If you are a boat owner or you are planning to purchase one, you should understand how important it is to protect your possession. The best and most reliable way to do it is to get boat insurance. If you still believe that boat insurance is an unnecessary luxury, here is the list of top reasons why you should have it.
To Protect The Boat Itself
A boat is not cheap, and for most owners, it is an expensive investment. The purpose of boat insurance is to protect this valuable investment from theft, accidents, vandalism, and breakdowns – whether the boat is in the water, at the dock, or on the trailer. A typical boat insurance policy covers the following things: engines, furnishings, lifesaving equipment, sails, hulls, and covers.
To Protect Yourself
If you damage another boat or injure another passenger or swimmer while you are using your boar, you will be liable for covering bodily and medical injury costs. If you have boat insurance, it will provide you a defense attorney who will represent you in court. Your insurance company will also pay for all the damages you have caused.
To Protect The Environment
If your boat sinks to the bottom of the ocean or lake or leaks fuel and oil into the water, you will be responsible for cleanup and removal. It is an expensive and time-consuming process required by law that can put a strain on your budget if you do not have proper insurance.
If you are from Easton, MD, and you have questions about boat insurance, do not hesitate to contact Ashley Insurance. Our experienced agents will provide you with all the detailed information about this type of policy and help you find perfect insurance coverage for your boat. Call Ashley Insurance serving Easton, MD today to find out about the options available.