Owning a boat or other watercraft is a great way to enjoy time with friends and family. To keep the fun rolling, though, you need to have proper insurance in place. At Stewart & Tucker Insurance LLC, we can help you find the right boat/watercraft policy in Kentucky.
Not every state requires boat or watercraft insurance to operate the vessel. However, if you plan to travel with your boat, it is handy to have insurance in place already in case you are visiting a location that does require it.
You should consider purchasing boat or watercraft insurance because it is one of the best ways to protect the investment you have made in the boat. If the boat is lost or damaged, and you do not have it insured, you are simply out of a boat or watercraft. Replacing it or repairing it would come out of pocket for you.
An insurance policy, however, would help to pay for these expenses.
In addition to this, an insurance policy will also provide liability coverage. Liability coverage comes into play if your boat or watercraft causes damage to another craft or if it causes injury to a person. You are held liable for any expenses incurred during this type of event. If you do not have insurance, all those expenses will come out of pocket.
You can also be at risk for legal actions if your boat causes damage or injury. Liability coverage insurance could help you pay for legal expenses as well.
The amount of coverage will be determined by the value of the boat and how the boat is commonly used.
If you would like to learn more about boat and watercraft insurance in Kentucky, please get in touch with us at Stewart & Tucker Insurance LLC today.
