Picture this: You’re out on the lake in your boat, having a great time. But do you have the insurance coverage you need if you’re in an accident? For anyone in the Tuscaloosa, AL area who loves boating, here are 5 things to know about boat insurance:
1. Boat Insurance Covers Your Boat
Boat insurance covers your own boat if you are in an accident. Your boat could be paid off, but if you are in an accident and don’t have boat insurance, you could end up paying for costly repairs. If your boat is a smaller vessel, then it could be covered under your homeowner’s insurance. However, usually larger boats, especially motorized ones, won’t be covered, and you’ll want boat insurance in order to insure the full cost of your boat is covered.
2. Boat Insurance Covers You and the Other Passengers
In case you are in an accident, your policy can also cover you and your passengers’ medical expenses.
3. There Is Insurance for Other Watercraft As Well
Other type of insurance for watercraft include Jet Skis, yachts and fishing boats.
4. TCU Agency Can Help You Find the Boat Insurance You Need
Contact TCU Agency online for boat insurance in Alabama, both online or at 205-758-1880. They can help you answer any questions you may have about boat insurance, as well as the specifics of various plans.
5. Your Bank Might Require You Have Boat Insurance
Many banks require proof of insurance for the full cost of the boat for financing. People who want to moor their boat are a port or marina are probably also going to need boat insurance, as many of these facilities require it.
TCU Agency is serving the Tuscaloosa, AL area in their boat insurance needs and can help answer your questions about boat insurance.