Why Is Boat Insurance Needed?

If you have purchased a boat in Canby, OR recently, you must consider protecting yourself as well as your investment. There are different types of coverage offered at Oliver Insurance, but you may want to understand why boat insurance is so important first.

Liability and Collision Damage

In the event you strike another watercraft, boat insurance offers the proper protection to cover the repair/replacement of your vessel. However, cleaning up afterward may not necessarily be covered. Therefore, this is something to address with your boat insurance agent.

Liability coverage is another important part of your boat insurance, as this will cover the expenses that arise when damage occurs to another boater’s watercraft. It will also cover the associated medical costs.

Comprehensive coverage will offer coverage for repairs in the event your property is stolen, vandalized, or damaged as a result of a non-collision event.

If you are not properly covered where your boat is concerned, you will face significant financial liability following an accident. In other words, you may be held responsible for paying for the costs of repair, medical expenses, and any other damages associated with the incident out of your own pocket.

Reach Out to an Insurance Agent in Canby, OR for Boat Insurance

When you are in need of boat insurance coverage, you may want to reach out to a professional insurance agent at Oliver Insurance. Offering coverage for Canby, OR residents, our team is ready to assist you in determining the amount of coverage you need as well as what type of coverage you require. Call us today to obtain a custom quote based on your individual situation, needs, and budget.