Boating is a great way to get outdoors and spend time with family. To make the most of your boat ownership, it is imperative that you have proper boat insurance. At Riverside Insurance Agency Inc we want to help our clients make confident insurance choices. Keep reading to learn more about boat insurance in Byram, MS and the surrounding areas.
Do I Need Boat Insurance?
Although boat insurance is not required in every state in order to operate a boat legally, it is the best way to protect yourself and the investment you have made in your boat. If the boat is damaged or lost, you will be responsible for repairs or replacement if you do not have an insurance policy in place. If you damage someone else’s boat, you will be liable for the cost of repairs or replacement of their boat. If someone is injured because of your boat, you will also be liable for medical expenses and even legal fees in some cases.
A solid boat insurance policy will cover these types of expenses.
What Does Boat Insurance Cover?
Most boat insurance policies will provide the following basic coverages:
- Property damage- If the boat is damaged or lost due to fire, natural disaster or burglary, the insurance policy will kick in to reimburse your cost of repairs or replacement.
- Liability- Liablity coverage will pay any expenses incurred if your boat is involved in an accident that damages another boat or causes injury to a person.
If you would like to learn more about boat insurance, or any of our other products, please contact us at Riverside Insurance Agency Inc, serving Byram, MS and the surrounding areas.
