We get insurance to protect against loss, damage, or theft of our possessions. For many of these items, there are specific types of insurance — car insurance for vehicles and homeowners for a house, for example. Then too, there is boat insurance in Newark, DE, for those vessels you take out into the lake, river, or ocean.
There may be some crossover with different types of insurance. For instance, some home insurance policies do cover boats, but this is typically only when the crafts are small and generally valued at less than $10,000. For the most part, you’ll need more than just a homeowners’ policy to cover your craft. Getting a specific policy for boat insurance will ensure you are protected from potential damages.
When your boat is on the water, it is subject to damage from collisions, which may or may not be your fault. Boat insurance policies will cover this and damage to other people’s property, as well as bodily injuries that occurred as part of the accident. Plus, you can add comprehensive coverage that will protect you in the event your boat is vandalized, stolen, or damaged by a non-collision related event. You can also add specific protections for fishing gear, oil spills, and uninsured boaters.
In our opinion, it’s better to get specific boat insurance in Newark, DE. Work with an independent insurance agency to get coverage that is tailored to your needs at an affordable price.