What Does Sailboat Insurance Cover?

Sailboats are not cheap, and if there were ever to be a disastrous circumstance involving your boat, sailboat insurance could save you from thousands of dollars in damages. Insuring your luxury items is often a smart move, and insuring a boat is especially important since a boat is much larger than other luxury items and is constantly exposed to the elements.

What Does Sailboat Insurance Cover?

Sources such as www.marinersins.com offer information on the benefits boat insurance can provide. Some smaller boats are covered under homeowner’s insurance, but t is up to individual owners to research whether their watercraft is covered. Boat insurance covers many types of accidents including the following:

  • Property Damage
  • Bodily Injury
  • Collision Damage
  • Comprehensive Coverage

How Much Coverage Should I Get?

Deciding how much coverage your boat needs is a largely individual decision. If you reside in an area where thefts, damage, or other potential disasters are common, then buying more coverage is recommended. If you live in a relatively safe area, you may be able to get away with less. Make judgment calls based on your specific situation.

Expensive luxury items are important and valuable to their owners. Protecting those expensive items with insurance can instill any owner with a sense of financial and physical security.

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