If you own a boat or watercraft, it is crucial to protect your investment. Boat owners tend to postpone determining the necessary insurance coverage as it can be quite complex. We can discuss the most important aspects of boat insurance so you can decide what type of boat insurance policy you need. 

What Important Information About Boat Insurance Should You Know?

• There is limited coverage for boats on a homeowners policy. Some boat owners assume that their boats are covered under their homeowners’ insurance. It is, but the coverage is really limited. Moreover, damage should occur on your property unless you pull the boat. Regarding towing, homeowner insurance plans only offer coverage of up to $1,000 for trailers. Opting for that option usually seems reasonable since boat towing is generally included in a yacht insurance policy.
• Boat policies provide limited coverage for personal items. Even if the boat is insured separately, you can still get coverage by adding personal property coverage to your homeowners’ policy. However, it’s important to note that there may be deductibles involved in cases.
• You can save money on your boat insurance. There are many strategies to reduce the cost of your boat insurance. You can save money by enrolling in a boating course or safety education program. Suppose you have emergency safety equipment on board, such as a fire extinguisher, a ship-to-shore radio, or a wireless auto tether. In that case, you also may be able to reduce your premiums.

If you need help finding boat insurance based on your budget and insurance needs in Missouri, contact Luebbering Insurance Agency LLC. At Luebbering Insurance Agency LLC, we specialize in different types of insurance and work with clients from Jefferson City, MO, and other nearby towns. Thus, do not hesitate to contact us if you live in Jefferson City, MO.