Boating is a cherished pastime, but navigating the waters of insurance coverage, specifically liability coverage in boat insurance, is essential. Here’s a guide from Saucon Insurance Agency, serving the greater Bethlehem, PA area, to help you understand this crucial aspect:
What Is Liability Coverage?
Boat liability coverage is an essential component of your boat insurance policy. It provides financial protection in case you’re held responsible for property damage or bodily injuries resulting from a boating accident where you’re at fault.
Types of Liability Coverage:
Bodily Injury Liability: This covers medical expenses, lost wages, and legal fees if someone is injured due to your negligence while operating your boat.
Property Damage Liability: It covers the costs of repairing or replacing another person’s property, such as another boat or a dock, that you damage in an accident.
Your boat insurance policy will have specific coverage limits for liability. It’s crucial to review these limits and ensure they provide sufficient protection. You may be personally responsible for the remaining costs if the damages or legal expenses exceed your coverage limits.
While liability coverage is vital, don’t overlook other aspects of boat insurance. Consider comprehensive coverage that includes protection for your boat itself, personal property on board, and coverage for non-collision incidents such as theft, fire, or natural disasters.
Understanding boat liability coverage is crucial for responsible boat ownership. It safeguards your financial well-being and provides peace of mind while enjoying your time on the water. If you have recently purchased a boat, or your policy no longer meets your needs, the team at Saucon Insurance Agency, serving Bethlehem, PA, can help you find the right policy for your needs. Call or email us now.