Boat/watercraft insurance is an essential type of coverage to have if you own watercraft. At Parsons & Howard Insurance Group, we offer boat/watercraft insurance policies to Kentucky boat owners.
A boat is a valuable possession. It is also a possession that could leave you exposed to certain liability risks. When you purchase a boat/watercraft insurance policy, you protect yourself against some of the liability issues that can come up. You also protect the investment you've made in purchasing your boat.
Watercraft/boat insurance policies vary widely in terms of the amount of coverage they offer and the types of damage they cover. They should provide coverage to damage your watercraft causes to the property of another boater or individual. They should also provide coverage for any collision damage to your own boat. Boat/watercraft insurance policies also offer additional coverage options like towing assistance.
In Kentucky and most states, boat insurance is not required by law. However, it's always a good idea to invest in boat insurance coverage. There is always a chance that you could get into a boating accident that costs a lot of money. If you don't have insurance coverage, you might find yourself liable for significant expenses. In the event of a severe accident, you might find that the resulting costs create enormous financial problems for you.
When you purchase boat/watercraft insurance, you can enjoy your favorite activities out on the water with complete peace of mind. You will not have to worry about the financial repercussions of a boating incident. This is why it's so important to do your research on boat insurance options and to choose the right policy for your particular watercraft and personal preferences.
If you'd like to learn more about our boat/watercraft insurance policies at Parsons & Howard Insurance Group, let us know. We're here to help you find the right insurance for your watercraft in Kentucky.