Your prized watercraft probably didn’t come cheap. Whether it’s a fishing boat, Jet Ski, Yacht, or sailing boat, you need the right watercraft insurance from Ally Insurance Brokers of Omaha located in Nebraska to protect your boat from theft, collision, fire, and other perils. Here is a guide to help you understand boat insurance better.
Do I need boat insurance?
You probably have homeowner’s insurance, and you might think that you don’t need boat insurance. While home insurance protects your boat, it provides limited coverage. Typically, most home insurance policies protect your boat up to $1,000 or 10 percent of your home value. As you can see, your home insurance doesn’t give your boat optimal coverage. So, what’s next?
You need boat insurance for the all-around protection of your water vessel. Boat insurance has the following benefits:
- Liability coverage: Whether you are at fault or not, the liability insurance on your boat covers for property damage caused to others in a boating accident. This coverage also pays for medical expenses for bodily injury caused to others.
- Asset protection: If your boat is damaged or gets stolen, boat insurance pays for the repairs or replacement up to your policy limit. Boat insurance protects your boat inside and outside the waters against risks like theft, fire, vandalism, falling objects, and other perils.
- Medical payments: Covers medical expenses for injuries sustained by you or your passengers in a boating accident.
- Coverage against uninsured or underinsured boater: Because boat insurance isn’t required by Nebraska law, many boaters don’t carry boat insurance, putting you at risk. How? You may ask. Boaters with little or no insurance don’t have enough coverage to pay for damages that they cause. However, when you carry this insurance, you don’t have to worry about less responsible boaters.
Boat insurance in Nebraska
Are you looking to renew or shop for new boat insurance? If you are in Nebraska, you can’t go wrong with Ally Insurance Brokers of Omaha. Contact us today, and our team will help you choose boat insurance that gives you and your boat optimal protection.