Boat Insurance in Oklahoma City, OK

Boating during the summer can be relaxing and enjoyable, but it’s crucial to recognize the risks associated with owning a watercraft. Having boat insurance can offer essential financial protection in case of unexpected incidents.

What Is Boat Insurance?

Boat insurance can offer financial protection for boat owners and operators, covering incidents like accidents, theft, vandalism and severe weather.

What Does Boat Insurance Cover?

Boat insurance typically offers the following types of coverage:

• Physical damage coverage may help cover expenses if your boat is damaged from an accident, storm, theft or vandalism.

• Liability coverage may pay for legal fees, medical expenses and other costs related to claims that you caused injury or damage to a third party or their property. 

• Medical payments coverage may cover medical expenses for you and your passengers if an injury occurs because of a boating accident, regardless of who is at fault.

• Uninsured/underinsured boater coverage may help financially protect you if you’re involved in an accident with another boater without insurance or inadequate coverage.

• Personal property coverage may help pay to repair or replace personal items on the boat that are damaged in a covered incident, including equipment, clothing or electronics.

Is Boat Insurance Important?

Having boat insurance is crucial to safeguard your valuable investment. Without proper coverage, you might be personally liable for expensive incidents. While you may assume your boating experiences will always be trouble-free, accidents can happen unexpectedly, even to the most cautious owners. Moreover, boat insurance may be a requirement of certain marinas; if you have a loan on your boat, lenders may also require coverage.

Where to Buy Boat Insurance

Contact Gomez Tax & Insurance to discuss insurance options that work for your circumstances.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.