Buying boat insurance is not always a straightforward process, especially if you’re doing it for the first time. However, you need to get the right amount of insurance to stay safe in the water, whether you do it for pleasure, sports, or other reasons. Some marinas at Charlotte, NC may require you to have boat insurance to allow you to dock with them.
Your lender may also require you to get boat insurance to safeguard their investment when buying a boat. That’s why Kempton Insurance Group recommends learning about your policy by asking the following questions.
Do I need boat insurance for my boat?
Nobody will arrest you for not having boat insurance in Charlotte NC. However, it’s always a prudent idea to be financially responsible in case you cause an accident. You may be eligible for a boat endorsement on your home insurance policy if you own a small boat. Large motorized boats require specialized insurance based on your lifestyle and type of boat.
Can boating experience affect my policy?
Yes. Like car insurance, boating insurance companies check your boating experience to rate your risk level and determine your insurance rates. The lesser your experience, the more expensive your policy gets. You should prove to your insurer that you can safely handle and navigate a vessel without much hassle.
Is my personal property covered?
Yes. You can have special personal property coverage if you keep lots of valuables in your boat to protect them. Most water sport enthusiasts who have to take their sporting equipment with them purchase this policy to help replace their personal property when damaged by water or stolen.
The more questions you ask, the better you understand your policy. At Kempton Insurance Group, we encourage our customers to ask any questions they might have to address and clear all doubts about any policy. Feel free to contact us for more questions or information.