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.