Located along the coastline of Lake Michigan, Milwaukee is home to many avid boat enthusiasts. For residents who like to stay in town, the Milwaukee Yacht Club and McKinley Marina provide great places from which to launch their watercraft. For those who prefer to get away, it is only a half-hour drive to Muskego Lake where you can enjoy recreational boating or take your bass boat out to catch some largemouth bass, panfish or northern pike. If you own a boat, you have likely invested a lot of money in this pastime, and you will want to protect this investment with a Milwaukee, WI boat insurance policy.
If you have financed the purchase of your boat, your lender may require you to carry comprehensive boat insurance for the duration of your loan. The state of Wisconsin requires only those boats used for commercial purposes to have liability insurance coverage. The lack of mandatory boat insurance does not mean it is unimportant. A good boat such as a cabin cruiser or a fishing boat can be an expensive purchase. A comprehensive Milwaukee boat insurance policy can protect your recreational investment.
Boating accidents are rare, but when they happen, they can lead to thousands of dollars in property damage. When these accidents involve injuries, the costs can grow even larger, particularly if the injuries are so severe that they require extensive and long-term medical care. Rather than risk facing a huge financial loss in the wake of an accident, purchase a Milwaukee boat insurance policy and obtain peace of mind.
In all states, the two most common causes of boating accidents are operator inexperience and inattention. You can minimize your chances of experiencing an accident by adhering to posted boating regulations, and remaining alert and watchful while at the helm.
Wisconsin state-approved boating safety courses are available online or in classrooms and are one of the best ways to obtain knowledge that can keep you safe while out on the water. These courses are a good idea for everyone, regardless of age or experience. Successful completion of a state-approved course can result in lower boat insurance premiums.
While your homeowners insurance policy may provide you with a bit of insurance for your boat, this coverage is typically very limited. The only way to get the full coverage you need is through a comprehensive boat insurance policy.
All boat insurance policies provide liability coverage that will compensate for medical and property damage expenses experienced by third parties when you are liable for the incident. The coverage provides compensation for any court costs and legal fees resulting from a covered event.
Your insurance provider may include other coverage options automatically or require you to purchase them separately, These are some of the coverage options:
Comparison-shopping and policy selection can be time-consuming and confusing, particularly when you must decide between a lower-priced policy that provides minimal coverage and a higher-priced one that offers coverage for every potential risk. Working with a Trusted Choice® member agent can simplify the process. Your agent can provide you with several policy options from different insurers and answer your questions so that you can make the most informed decision.
Contact an agent in your neighborhood today so you can obtain your obligation-free Milwaukee boat insurance quotes.