I have a sailboat, what kind of coverage should I choose to add to my policy?

Buying a sailboat can be exciting, but it also raises questions regarding your coverage and the options that are available for your situation. Depending on your concerns, you may need to purchase a separate policy that is designed to specifically address the potential problems that can arise when you take your sailboat out on the water.

Adding to a Current Plan

In some cases, you may add coverage for your sailboat to your auto or home policy, but the amount of coverage that you can expect may be limited. For example, an auto policy may provide protection while you are hauling the boat to the lake, but it will not cover any damages that take place on the water. The same is true of a home policy. It might cover damages while the boat is in the house or protect against theft from your garage, but it will not provide coverage while you are on the water.

Buying a New Plan

Generally, it is best to purchase a sailboat insurance policy when you own a boat so that you can avoid any complications.

A sailboat insurance policy will usually protect against liability concerns when you are on the boat and it may provide comprehensive coverage to protect against theft, damage while the boat is in storage or other concerns associated with owning a boat. The coverage is designed to address the needs of a sailboat, so it is appropriate when you are not sure about the coverage that you need.

There are a variety of problems that can arise when you purchase the wrong type of insurance to protect your boat. Call us today to speak to an agent to learn more about protecting your boat.