If you own a boat in the greater Raleigh, NC region, you’re gonna need to get boat insurance. Here at Craig Insurance Group know that we can help. Besides the fact that boat insurance is required, there are a few less-than-obvious benefits to creating a policy. 

Boat Insurance Benefits

1. Investment Protection

A boat is a huge investment, and that investment deserves to be protected. Without insurance, you risk losing your investment in the event of an accident or other unforeseen incident. Be aware that a single storm can sink boats, while a fire in a nearby boat can burn your boat, or you could become a victim of vandalism. With boat insurance, you’ll have peace of mind knowing that if something terrible happened to your boat, you aren’t losing the investment you made.

2. Personal Protection

If you injure a passenger or a swimmer or damage another boat while operating yours, you will be held accountable for their bodily harm and medical expenses. You may potentially face legal action.

Even if you are not held guilty, be aware that legal fees can quickly pile up and cost you a lot of money. However, yacht insurance will cover those expenses, and you will not be personally liable for them.

3. Passenger Protection

Anyone you grant permission to use your vessel is protected, as are passengers partaking in water activities. If you or any of your passengers are injured while boating, the medical bills, and lost pay will up quickly.

Even more so if an injury occurs as a result of someone else’s uninsured watercraft. Nonetheless, you may safeguard your passengers and yourself from such expenses.

4. Total Loss Replacement

If your boat sinks or is destroyed due to fire or irreparable damage, you would face a significant financial loss. Policies may cover entire loss replacement, allowing you to get back on the water quickly. If boating is a significant family activity or a hobby, this benefit of boat insurance is well worth the expense.

Call Us Today

Here at Craig Insurance Group, we are proud to offer boat insurance to citizens in and around Raleigh, NC. Give us a call today so we can create a policy that best fits your needs. We are dedicated and ready to help answer any questions you may have.