Four Questions To Ask When Getting Watercraft Insurance

Your boat is made for fun, but sometimes accidents happen. Boats need boat insurance to protect them from financial liability if a covered event occurs. At Wichalonis Insurance Agency, servicing Cumming, GA, we help our customers find the right insurance for their needs. If you own a boat, your boat insurance can help you have fun without worrying about financial liability. Below are some important questions to ask when trying to buy watercraft insurance. 

1. Will personal property on the boat be covered?

If you’re using personal property on your boat – whether it’s a life vest or a laptop computer – it’s important to ensure that your insurance policy covers personal property. Find out what your watercraft insurance policy covers and what the limits are.  

2. Is my boat covered by my homeowner’s insurance policy?

Some homeowner insurance policies will allow a small amount for a boat while it is on the property. However, this is rarely enough to cover the actual value of the boat and will often not cover if the boat is off the property or in use when the event occurs. 

3. What will the monthly premium be?

Of course, it’s important to know how much you’ll pay for your boat insurance so you can fit it into your budget. Your insurance agent can shop around with various carriers to help you find one that works for you. 

4. Will the policy pay for the agreed value or for the actual cash value of the boat? 

The agreed value of the boat and the actual cash value of the boat may be very different. If your policy is paying for the boat’s actual cash value, this may not be enough to replace the boat in the event of a loss. Your agent at Wichalonis Insurance Agency, servicing Cumming, GA, can help you find a policy that offers the right level of protection. Call today. 

Is Boat Insurance Required in Georgia?

If you live in the beautiful state of Georgia and recently purchased a boat or other watercraft, you may wonder if boat insurance is required in Georgia. The agents at the Wichalonis Insurance Agency serving the Cumming, GA area want you to know that even though boat insurance is not required in Georgia, you still may want to be protected while you’re out on the water. This is important if you own a canoe, a power boat, a sailboat, or any other type of watercraft since accidents can and do happen.

Boat Insurance Coverage Options

There are several options you can choose from when it comes to boat insurance. Listed below are the most popular choices.

Liability Boat and Watercraft Insurance

Liability boat and watercraft insurance are very important in case you get into an accident with another boat, vessel, or object. If the accident is your fault, this type of policy will help pay for any damage that you caused or any injuries that people may suffer, including passengers on your own boat.

Comprehensive and Collision Insurance

Collision insurance is critical if you collide with another boat or a stationary object. For example, if you run into a dock and damage it, this type of insurance will help pay for the damage to the dock and your boat.

Comprehensive insurance is also very important. This is because your boat or other watercraft can suffer damage if there are any natural disasters, such as a hurricane or tornado, a fire, or even if vandalism occurs. This type of coverage will help repair or replace your boat if any of these scenarios happen and even help you out if your boat is stolen.

If you owe on a loan that you took out to purchase your boat or other watercraft, your lender will probably require you to have both of these types of insurance coverage options in place to protect the investment they made in your shiny new boat.

Contact Wichalonis Insurance Agency

To obtain the proper amount of insurance you need for your boat or other watercraft, contact the agents today at the Wichalonis Insurance Agency serving the Cumming, GA area, and get your policy started immediately.

Who needs to have boat insurance in Georgia?

Those in the Cumming, GA area will find that the region of the state can be pretty warm during the summer months. Due to the warm weather and access to various lakes and waterways, owning a boat can be good. When you are looking for a boat in this region, it would be a good idea to get boat insurance. There are various situations when someone here will need a boat insurance plan. 

When Covering Boat

One situation when you will want to have a boat insurance plan is when you want to get coverage for your boat. Owning a boat can be a significant investment, and protecting this as well as you can is important. If you get a boat insurance plan, it will provide the proper coverage you need if your boat is damaged or stolen.

Those Looking to Mitigate Liability Risk

Boat owners all over Georgia also need to ensure they are mitigating their insurance risks. Even if you are an experienced and cautious boat owner, accidents can happen. If there is a boat accident, the costs to cover damages can be significant as they could include both property damage and bodily injury expenses. When adequately covered with insurance, you can offset this risk. 

Having a proper boat insurance plan in the Cumming, GA area is important. Many people that purchase a boat in this area will want to speak with the team at the Wichalonis Insurance Agency before they choose a new plan. The professionals with Wichalonis Insurance Agency understand the importance of this coverage and can offer the guidance you need to pick your policy to cover your boat. 

Overlooked Boat Insurance Facts Georgia Residents Should Think About

Wichalonis Insurance Agency offers coverage to the Cumming, GA community, as well as the surrounding areas. We take the time to consult with our clients and help them find policies that suit their individual needs. We can also evaluate your existing policies to see if any adjustments needs to be made. We want to make sure that you are protected regardless of the situation.

Overlooked Boat Insurance Facts

During warm summer days, many people enjoy heading out by the lake and spending time on their boats. Boat insurance is an asset that helps protect you while you’re on the water. You are covered if your boat collides with another object and suffers damages. Liability coverage protects you if your boat damages someone’s property or injures someone. You are also protected if your boat is stolen. While these are common facts, here is a look at some overlooked things that you may not be aware of regarding your boat insurance policy.

Navigational Limits

Your boat insurance policy will contain navigational limits that outline how far outside Cumming, GA you can operate your vehicle and still maintain coverage. This is an important thing to remember because it’s very easy to forget when you’re having a good time. However, mistakes can happen at any time, and you need to make sure that you are protected.

Custom Accessories

If you have custom accessories on your boat, consider adding extra coverage. This will ensure that your items are fully covered if they are stolen or vandalized.

Trailer Coverage

If you have a trailer on your boat, you can add coverage to protect you if your trailer is stolen or causes damage to someone’s property.

Wichalonis Insurance Agency Will Help You Protect Your Assets

Visit our website to learn more information about boat insurance.

Four basic boat safety tips every boater should know

Boating is a fun all-year-round activity for both family and friends. The weather in Cumming, GA is perfect for some good time in the waterways. However, no matter how experienced you are, it is imperative to learn boating safety rules before entering into a water adventure.

 At Wichalonis Insurance Agency, we recommend buying boat insurance to help protect you from damage, loss, or injuries that may result after an accident. Here are four essential safety tips to keep in mind:

  • Never forget to carry your safety gear: Boating requires some form of preparation. Before setting out, make sure you bring the safety kit for you and other boat users. A first aid kit, life jacket flashlight, duct tape, ropes whistle, and fire extinguishers are some of the things that should not miss on your list.
  • Always check the weather: Many people prefer boating during warm sunny days, but you cannot underestimate the weather. Currents and strong winds may signal a storm. Look for warnings and exit the water as soon as possible.
  • Have your boat checked: Before you even start loading your boat, make sure you have thoroughly examined it from the interior to the exterior. Watch out for faults that could leak water into the boat. Keep a close eye on gas as it can be disastrous if ignored.
  • Avoid overloading the boat: You should never overload your boat for obvious reasons. Each boat comes with capacity restriction. Overloading only puts your life and other passengers in the boat at risk.

Lastly, exercise common sense in water. There are things that no one will teach you as they are basic knowledge. For example, you should never consume alcohol when operating a boat.

If you need more information on safety tips, feel free to visit us at Wichalonis Insurance Agency in Cumming, GA, and we will be happy to help.

What does boat insurance cover?

Your boat is a valuable asset that you worked hard to acquire. Countless hours spent in the office and the consistent discipline to purchase the necessities and forgo expensive desires have brought you to this moment. Why, then, with all the hard work it took for you to buy the boat of your dreams in Cumming, GA, would you sacrifice your financial stability by going without insurance.

There is certainly more to boat insurance than having a cushion that pays for damages to your vessel while it is docked. You also need an assurance plan that covers damages you cause while on the water. The agents at Wichalonis Insurance Agency can tell you more about boat indemnity plans. Read on to learn about what a good policy may cover.

What does boat insurance cover?

Boat insurance in Cumming, GA may cover the following:

  • Collision Damage
  • Property Damage
  • Bodily Injury
  • Non-collision Related Incidents

You may also want to consider additional coverage for roadside assistance, which finances your boat’s recovery when the vessel breaks down in the middle of the ocean. Some owners also purchase plans that cover fishing equipment as well as damages related to oil spills. It may not be a bad idea to purchase boat insurance that provides protection against uninsured motorists. Boat insurance is, after all, not legally required. The likelihood of a collision being with someone who does not have an indemnity plan is, therefore, quite high.

Call Wichalonis Today!

Some homeowners make the mistake of believing that their boats are covered under their home insurance plans. The reality is that your vessel is only covered under your home insurance plan while sitting in your garage or driveway. Your home assurance plan does not extend to the dock or the ocean. You need a boat insurance plan that covers property damage, bodily, injury, and other factors that arise when you take a ride on the water.

The agents at Wichalonis Insurance Agency can help you find the boat assurance plan that works best for you and your budget. Call today to get covered!