Owning a boat is a fun and relaxing way to explore the open water, but before you plan your next adventure, you need to know that you have a boat insurance policy that meets your needs. If you plan to sail along the coast or into offshore waters, your policy should reflect the potential risks of coastal and offshore navigation.
Offshore and Navigational Policy Limitations
Insurance policies often limit how far you can travel offshore while being covered. Therefore, you will likely need extra coverage if you plan on coastal navigation. Familiar yourself with a policy’s navigational limits before deciding if it’s right for you.
Determining if You Need Additional Coverage
The type of coverage you need depends on your intended use of the boat. It will be determined by where you operate the vessel, as coastal waters pose dangers that rivers and lakes do not. Higher premiums may be added if you’re in an area prone to hurricanes and tropical storms, as they pose a higher financial threat in the event of damage.
Understanding Coastal Navigation Limits
Policies have varying criteria for coastal navigation limits, which could range from 5 miles to no limit at all. Additionally, your vessel’s size and value will be taken into consideration. If you plan on going beyond coverage limits for a temporary period, you may be able to add extended coverage for that specific duration.
Looking for Boat Insurance in Aurora, CO?
Boat insurance can be challenging to navigate, and you shouldn’t have to go it alone. At All-Star Insurance Brokers Inc, we can explain the different types of boat insurance you need so you are covered no matter where you sail.
Call All-Star Insurance Brokers Inc in Aurora, CO today to learn more about coastal and offshore navigation limits.
During the warm summer months of the year, many people in the Aurora, CO area will want to get outside and enjoy all of the local lakes and rivers. One way that you can enjoy your experience here to the fullest is by investing in your own boat. Along with a boat, you also need to have insurance for it. There are various forms of coverage that make boat or watercraft insurance a good option.
Coverage for Boat
One type of coverage that is standard in a boat insurance plan is coverage for your boat. If you purchase any type of watercraft, there will be a chance that it could be involved in an accident or it is stolen. As you will need to invest to acquire and maintain your boat, protecting the investment is important. With a boat plan, you will get the coverage necessary to ensure you can repair or replace this asset.
If you are going to drive a boat, there will always be a risk that you could cause an accident that results in damage. If this does occur, you will have to cover the costs associated with it. Fortunately, you are often able to mitigate this risk if you have a boat insurance plan as it will include a provision for liability coverage that will offer protection if you are found to be at fault.
Give Us A Call
Boat insurance should always be considered a necessity for owners in the Aurora, CO area. Once you are ready to start looking for coverage, you should call All-Star Insurance Brokers Inc. The team with All-Star Insurance Brokers Inc will give any support that you need to build and select your next plan. This will help ensure you remain appropriately protected.
At All-Star Insurance Brokers Inc, we have many Aurora, CO residents ask us if they need insurance for their riverboats. Here’s what you need to know about this question.
You Don’t Technically Need Insurance
Colorado law currently doesn’t require boat owners to have any sort of coverage on their vehicles. This lack of coverage need extends not just to typical lake boats but riverboats as well. These specialized vehicles allow boaters to quickly move down the river and see different areas with ease.
Some of these boats may have unique designs that help them stay above shallow boating areas, such as a design that lets them stay as close to the surface of the water as possible. But, often, they are pretty pricey – meaning that you may still want to have some protection for them anyway.
Why You Should Still Get a Policy
Even though you don’t technically need an insurance policy for your riverboat, just think about what would happen to you financially if you didn’t have it. A good approach of this type will help to:
- Protect against damage caused by river rocks
- Cover liability costs if people get injured as you ride
- Pay for replacements to your boat if it gets destroyed
- Protect against fire, flood, and other problems
These benefits make boat insurance a wise choice for river boaters. It is brilliant for those who take people down the many whitewater rapids throughout the state. There’s no reason why you need to put your boat at more risk by not getting one of these insurance policies.
How We Can Help
Please don’t hesitate to contact us at All-Star Insurance Brokers Inc if you want boat insurance. We help Aurora, CO residents and many others get the coverage that they need.
If you are a boat owner in Aurora, CO, it’s vital that you select an appropriate boat insurance policy for your needs. At All-Star Insurance Brokers Inc., we provide boat insurance coverage.
When you make decisions regarding boat insurance, it’s important that your decisions aren’t swayed by any misconceptions about this type of insurance. The following are three common misconceptions to be aware of when it comes to boat insurance.
Boat insurance will cover me regardless of how far from home I am.
One of the most important things to know about boat insurance is that boat insurance policies usually involve geographic limits. This means that your boat insurance won’t be in effect if you’re far from home.
It’s important to be aware of these limits when you’re boating, so you understand the risks of traveling far away by boat.
A homeowner’s insurance policy will cover my boat.
Some homeowner’s insurance policies may offer limited coverage for a boat. However, homeowners’ insurance will usually only cover a boat while it’s on your property. When your boat is off your property, you will need a separate boat insurance policy to enjoy the coverage.
Boat insurance isn’t necessary.
Some boat owners believe that boat insurance isn’t necessary because it is not required by law in most states.
Even though states may not require boat insurance, it’s still essential to have. Without boat insurance, you face financial risks from liabilities. Without boat insurance, you also risk losing your boat in an accident and not receiving any compensation to replace it.
Get started finding the right boat insurance policy in Aurora, CO today. We can help at All-Star Insurance Brokers Inc. Contact us to learn about our insurance offerings or to get a quote on a policy.