Everything You Need to Know About Getting Boaters Insurance

Buying a boat is an exciting adventure for many in Centennial, CO. Just the thought of purchasing a boat offers many the image of seeing themselves sailing on the open water with friends and family. In addition to buying a boat, it is essential to purchasing boaters insurance to protect you, your family, and your vessel. Call our agents at Compass Insurance for additional information about buying boaters insurance. 

Homeowners Insurance Coverage

Sometimes boats without motors, such as kayaks or rowboats, are covered under personal property insurance. However, boats with engines may need to get separate coverage, which may resemble your auto insurance policy.

Protection from Disasters

There is a risk you may encounter a catastrophe while out relaxing on your boat. Having boaters insurance covers, you should any of the following events happen to your boat: 

  • Sinking
  • Fire or explosion
  • Storm damage
  • Theft or Vandalization
  • Capsizing
  • Collision

Liability Coverage

Personal liability coverage helps protect you when you are legally obligated to make payments to an injured person on your boat. Expenses for bodily injury, property damage, and legal fees are covered under your liability coverage. Liability coverage also covers you in the event of an accident where you are at fault. 

Physical Damage Coverage

Having physical damage coverage is a necessity when owning a boat. Boats are expensive, and if there is damage to the boat, trailer, equipment, or other boat-related items, your insurance will help cover the costs to replace or repair. 

Are you ready for the boating season in Centennial, CO? Make sure to give our agents a call at Compass Insurance. We can answer all of your boater’s insurance questions and help you get the coverage you need.