Boat/Watercraft Insurance

Most people who reside in Utah have probably enjoyed a boating experience at one point. The state has some of the most amazing lakes, despite being considered a desert state. But when you own a boat, you are responsible for your investment, your safety, and that of your passengers. That is where boat insurance comes in. With insurance, you can protect yourself from risks your boat is exposed to, such as theft and accidents. Salmon insurance explains various coverages you should consider for your boat.

Liability Coverage

As you enjoy your boating activities, you may get into an accident where you are at fault, resulting in third-party injuries or property damage. When that happens, legally, you ought to cover those resulting expenses. But with insurance, liability coverage will pay for them, saving you financial loss.

Property Coverage

Property coverage cautions you financially if your boat is stolen or damaged after an accident. This applies to whether the boat was on land or water.

Medical Payment Coverage

If you or your passengers are injured on your boat after an accident, this coverage will pay for medical expenses like hospital bills, ambulance cases, medication, etc.

Uninsured/Underinsured Watercraft Coverage

Not all boaters you run into will be insured. If you are involved in an accident with an uninsured boat, and your vessel is damaged, or you or your passengers are injured, this policy will cover those expenses. The same applies when the party that caused the accident does not have sufficient insurance. Your policy will step up to cover the expenses on top.

As you can tell, getting boat insurance will offer you protection in many scenarios, whether on land or water. If you reside in Utah and own a boat, contact our team of experts at Salmon Insurance for professional advice. We will guide you in creating a plan to protect you and your assets.