Knowing how insurance works for something as expensive as a boat can be challenging. For example, if you are a new boat owner, you may wonder how much coverage will be enough for your boat or whether your home insurance covers your boat. At The Smith Insurance Group Inc., we want to shed some light on boat insurance.

If you are a boat owner, there are things you need to know to make sure you get the right insurance coverage for your pricey asset. As much as boats are fun, they are prone to many unfortunate incidences. That’s where boat insurance comes in. Without further ado, let’s look at the ABCs of boat insurance.

Different boat insurance coverages

Boat insurance isn’t designed as a one-size-fits-all insurance policy. You only choose coverage options suitable for your needs. Typical boat insurance options to choose from include:

• Physical damage coverage
• Liability coverage
• Uninsured boat coverage
• Medical coverage
• Towing coverage

Boats may encounter various catastrophes, and that is why insurance is critical. Boat insurance offers coverage in boat sinking, theft, storms, collision, fire, and much more. Talk to your agent to see which coverage fits you.

Does home insurance cover your boat?

Home insurance covers small boats, typically for below $1,000. However, for bigger boats, you need boat insurance. Plus, home insurance only covers physical damage to your boat, excluding crucial protection like liability coverage.

Is boat insurance mandatory in Utah?

Unlike most states, boaters must purchase boat insurance in Utah. The mandatory boat insurance should include at least liability coverage in the policy.

Boat insurance in Sandy, UT

When using your boat, you need to have ample protection for peace of mind. Are you in Sandy, UT, and its surroundings looking for boat insurance? Contact us at The Smith Insurance Group Inc. Call us today for an affordable quote.