When you have made the big decision to invest in watercraft of any kind, it makes sense to ensure this investment is sufficiently covered with boat insurance. The agents at First Florida Underwriters Inc, serving Orange Park, FL, can help you obtain the coverage you need for your boat. In the meantime, here is the best time to purchase boat insurance and when it (or other policies) should be used.
When Should You Purchase Boat Insurance?
If you intend on using your boat, protection is important. Boat insurance is designed to provide coverage against damage that takes place out on the water, regardless of whether it is your boat or someone else’s that sustained damage. This type of coverage also offers liability protection, ensuring you are protected if another person suffers an injury or property damage. Comprehensive insurance coverage will offer protection for your boat against non-collision damages like fire and vandalism. Because of the coverage boat insurance offers, it is imperative your vessel is insured before taking it out on the water.
When Is Boat Insurance Used? When Are Other Insurance Policies Used?
As a general rule, your boat insurance offers protection for your vessel while in the water. When it is out of the water, your other insurance policies will provide coverage. For example, your auto insurance takes precedence if your boat is attached to your vehicle, but if your boat is parked in the driveway and sustains damage, your home insurance policy usually kicks in. However, keep in mind that your investment may not be fully protected by these policies, which is why you will want to ensure you purchase boat insurance.
If you have any questions regarding boat insurance coverage in Orange Park, FL, don’t hesitate to reach out to First Florida Underwriters Inc.