If you’re a boat owner, you know that accidents happen. Whether you capsize, collide with another vessel, or run aground, there’s always a risk of damage to your boat. That’s why it’s so important to have boat insurance. But what exactly does boat insurance cover? Here are five accidents your policy will help you recover from.
Capsizing
One of the most common—and most dangerous—accidents that can happen to a boat is capsizing. This can occur due to strong winds, large waves, or even a sudden change in weight distribution onboard. If your boat capsizes, your insurance will help cover the cost of repairing any damage that occurred as well as the cost of any injuries sustained by you or your passengers.
Running Aground
Running aground is when your boat runs into shallow water and gets stuck. This can be due to bad weather, incorrect nautical charts, or simply not paying attention to your surroundings. If you run aground, your policy will help cover the cost of any damage done to your hull as well as the cost of any necessary repairs.
Hitting Another Vessel
Whether you’re out for a leisurely cruise or racing in a regatta, there’s always a risk of hitting another vessel. Whether it’s another boat, a jet ski, or even a dock, the damage can be significant. If you hit another vessel, talk to your insurance agent, like those at Del Toro Insurance, to learn about how much your insurance will cover. The cost of repairing any damage done to your boat as well as the cost of repairing the other vessel involved is covered to an extent in most policies.
Colliding With an Object
Even if you’re careful, sometimes things happen beyond your control. If you collide with an object—such as a buoy, marker, or log—your insurance will help cover the cost of repairing any damage done to your hull. Just make sure to report the damages immediately!
Weather Damage
Lastly, Mother Nature is unpredictable and sometimes severe weather can cause damage to your boat even if you’re safely docked. Whether it’s high winds, hail, or even lightning strikes, if your boat sustains weather-related damage, your insurance will help with repair costs.
Accidents happen—that’s just a fact of life. But if you’re a boat owner, accidents can also be costly. That’s why it’s so important to have boat insurance. Your policy will help cover the costs associated with common accidents such as capsizing, running aground, hitting another vessel, colliding with an object, and weather damage. So relax and enjoy being out on the open water knowing that you’re covered in case of an accident.