Three types of boat insurance coverage you need to carry

Boat owners need to carry boat insurance if they want to avoid potential expenses. McCormick Insurance Inc. offers boat insurance coverage to those who enjoy watercraft activities in Pembroke Pines, FL. 

The following are three types of boat insurance coverage you need to carry for financial security and stress-free water sports enjoyment. 

Liability coverage

Liability coverage protects you if you are held responsible for any accident damage that results from your boating activity. This type of coverage can cover both property damage and bodily injury costs. 

Many marinas require liability coverage, so it’s an essential type of coverage to carry. 

Boat collision and comprehensive coverage

You can protect the value of your watercraft with boat collision and comprehensive coverage. These types of coverage ensure that your insurance provider will pay for repairs to your watercraft in various situations.

It’s important to realize that collision and comprehensive coverage are separate. Boat collision coverage covers you for boating accident damage. On the other hand, comprehensive coverage covers you if your boat is damaged due to theft or various types of incidents. 

Additional coverage features

Investing in additional coverage types, such as uninsured boater coverage, oil spill cleanup, and towing expense coverage, is very useful. As an adventurous boater, you never know what can happen, so investing in additional coverage features is always a good idea. 

You’ll enjoy financial security on the water if you carry the boat insurance mentioned above. We can help you get coverage in Pembroke Pines, FL at McCormick Insurance Inc. Get in touch today to learn more.