Watercraft & Boat Insurance Lewisburg Ohio

House insurance provides financial protection against disasters that could otherwise devastate your life savings. A standard policy insures the home itself and the things you keep in it.

Homeowners insurance is a package policy. This means that it covers both damage to your property (buildings and contents) and your liability or legal responsibility, both personal and for your home location, for any injuries and property damage you or members of your family cause to other people. This includes damage caused by household pets such as dog bites.

Damage caused by most disasters is covered but there are exceptions. Flood Insurance is one of those exceptions. You must buy a separate policy for flood coverage.

 
 

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Why do boat owners need insurance for their boat or personal watercraft?

It is really all about protecting yourself financially if something unexpected happens to your home or possessions. That’s important because chances are your home is likely one of your largest investments.

  • If your home was damaged by fire or by a natural disaster, you’d need money to repair or replace it.

  • If a guest in your home is injured, liability protection and medical coverage help pay expenses.

  • If you are a victim of theft or vandalism, it can reimburse you for your loss or pay for repairs.

  • If you are still have a loan on your home, your lender will require insurance.

  • Liability Protection.

 

Questions to ask your agent.

Here are a few things to consider as you prepare for the discussion:

  • How much can you afford to pay if your boat or personal watercraft is in an accident, damaged or stolen?

  • Is my boat or watercraft covered for use year-round?

  • What discounts and programs are available?

  • How much medical insurance and liability coverage is enough?

  • Do I have coverage if I need to have my boat towed in an emergency?

  • What's the process for filing and settling a claim?

  • Does the insurance company have a good reputation for customer service? Is it known for paying claims fairly and promptly?

Home and auto insurance policies may provide limited coverage for personal watercraft. Talk to your insurance representative about coverage limits. You may want to consider purchasing a personal watercraft policy to protect yourself and your water vehicle in the event of an accident.

 

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Liability limits start at $15,000 and can be increased to $300,000. 

Typical policies include deductibles of $250 for property damage, $500 for theft and $1,000 for medical payments.

Additional coverage can also be purchased for trailers and other accessories. 

The Boat/Personal Watercraft Policy Cover

  • bodily injury

  • property damage

  • guest passenger liability

  • medical payments

  • theft


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