With so many wonderful boating destinations, like Lake Michigan, the Monroe Reservoir and Glendale Marsh, it is little wonder that so many Hoosiers enjoy boating as a summer recreational activity. While many people opt to rent boats, more than 200,000 private boats are currently registered to Indiana residents. Whether you own a large yacht, a medium-sized fishing boat or a small canoe, boating insurance is an inexpensive way to protect your investment and your finances.
Independent agents in the Trusted Choice® network can answer questions you may have about boat insurance to help you determine your unique coverage needs. Independent agents have relationships with several different insurance companies, so they can easily find you an affordable Indiana boat insurance policy that meets your coverage and budgetary requirements. Contact a local agent today for more information and Indiana boat insurance quote comparisons.
Several states have laws that require boat owners to carry insurance, but with the exception of boats used for commercial purposes, Indiana does not require it. However, a bass boat or a fishing boat can be expensive, so purchasing a comprehensive boat insurance policy can protect your investment.
Without a comprehensive boat insurance policy in place, boating accidents could be financially devastating. The average cost of each of Indiana’s 50 boating accidents in 2011 was nearly $6000, and if you only count the 16 accidents that resulted in property damage, the cost of each averaged about $18,500.
Operator inattention and inexperience are some of the most common causes of boating accidents. If you follow posted boating regulations and remain alert and watchful at the helm, you’ll be proactively keeping you boat and your passengers safe. Other proactive measures you can take include enrolling in boating safety courses, which can also save you money on your boat insurance policy.
Many people think that their homeowners insurance will cover their boats, but this coverage is usually very limited. For complete coverage, you need a comprehensive boat insurance policy.
A basic Indiana boat insurance policy will provide liability coverage for you if you’re at fault for an accident that causes property damage or injuries to others. It will also provide coverage for damages to your own property if it is damaged while in use or while being transported to and from the water.
Getting boat insurance quotes can be time-consuming, because you must provide each insurance company with your personal details as well as information about your boat, where and how you will be using and storing it and how much coverage you wish to purchase. A Trusted Choice independent agent can simplify the process for you, because you’ll only provide your information once and your agent will do the comparison shopping for you.
Your local Trusted Choice member agent is available to assist you with all your insurance related questions and needs, and will advocate for you during the claims process. Contact an independent agent today to obtain obligation-free Indiana boat insurance quotes.