The state of Ohio and Pennsylvania do not require you to have boat insurance, but that does not mean that you should go unprotected. Dozens of accidents occur at sea and on lakes every year, which leave watercraft lovers both devastated and in a financial bind. Ruddy Insurance Group wants to make sure that you are not one of those residents caught unaware and unprepared.
In short, boat insurance is an indemnity plan designed to cover your watercraft. Just as with car insurance, the policy pays for certain damages obtained during an accident, which may include bodily harm as well as structural damage. The amount of coverage you receive depends on how much you are willing to pay in premium amounts.
Many watercraft owners make the mistake of believing that their vessel is insured through their homeowner’s insurance policy. They sometimes do not discover the truth until tragedy has struck their path and it is too late to rectify things.
As a watercraft owner, one of the first things that you should understand about the world of boats and related watercraft is that a homeowner’s insurance policy is limited. Your property insurance may pay for damage to your boat as the result of a hurricane when the vessel is parked in your driveway. The tenets of homeowner’s insurance, however, do not cover your boat when it is docked. You, in turn, are out of luck when a storm ravages through and destroys your vessel while it is away from home if you only rely on property insurance to pay for accidents and acts of nature.
You should consider your boat an extension of everything that you live in Ohio or Pennsylvania and, thus, should purchase a watercraft insurance policy that provides the most protection against financial loss. The agents at Ruddy Insurance Group can work with you to determine the policy that best fits your lifestyle. Call us today to get started with a boat insurance quote!
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