If you take out a boat insurance policy in Baraboo, WI, you must understand what your policy covers. At Johnsen Insurance, we offer boat insurance policies to boat owners to protect them against liabilities and to protect the investment they make in their watercraft.
The following are three things your boat insurance policy should cover.
Protection against physical damage to your vessel
Your boat insurance policy should protect the value of your vessel. Boat owners need to invest a good sum of money in purchasing a boat. For this reason, carrying boat insurance is important to ensure that boat repairs will be covered in the event of an accident.
Protection against liability lawsuits
Operating a boat poses some liability risks for boat owners. You could face a lawsuit if your boat causes damages to the property of another party. Lawsuits can be costly for boat owners when it comes to legal costs and the amount of any possible settlement.
A boat insurance policy should include liability coverage to protect the policyholder against lawsuit damages. This gives boat owners financial security.
Protection against medical bills resulting from accidents
Another possible expense, a boat insurance policy should cover medical bills. If a boating accident results in physical injury, the resulting medical bills can be quite expensive.
One of the most important types of coverage on any boat insurance policy is bodily injury coverage. You should make sure your policy includes a good amount of coverage for medical payments to protect yourself and others out on the water.
Ready to compare boat insurance policy options in Baraboo, WI? Let us know. We’re here to answer all your questions. Call us or visit our website at Johnsen Insurance.