Tom's Blog
There is nothing like being out on the water in a boat, enjoying the fun in the sun and the wind in your hair, but regardless of what time of boat you may own, there are some rules, procedures, and regulations to which you must adhere in order to maintain safety on the water. Boat insurance is another issue that must be addressed and maintained BEFORE you can even put your boat in the lake, water, or ocean, but this is an issue that we can handle for you. Our N.C. independent insurance agents are boat lovers as well, and have been insuring boats since 1994, so we know how to get the right insurance for your boat.
When Lightning Strikes…
Imagine that your boat is docked and a hurricane hits, causing your boat to sink. Do you have the right type of boat insurance to cover this loss? Or do you even currently have a boat insurance policy at all? All boats, regardless of the type, should carry some sort of coverage, but you may be surprised to find that many people DO NOT have any type of boat insurance so when a loss happens, the cost to cover the damages comes directly back to them!
Your Needs As a Boat Owner May Vary
Depending on the type of boat you own may depend on the type of coverage it needs to properly protect it. Nobody wants to pay for coverage that is not necessarily needed and that’s why your local N.C. independent insurance agent can assist you to determine the right boat coverage depending on the type of boat you own, how often you use it, and where it is stored, to name a few.
*Small watercraft such as kayaks and canoes may be covered under your homeowners or renter’s insurance policy, so it is recommended you contact your local N.C. independent insurance agent to discuss.
Boating Accident Statistics Don’t Lie
In the U.S., every year there are:
- 701 deaths caused by boating accidents
- 2903 boating injuries
- 4463 total boating accidents with a total of $49 million dollars worth of damages
Furthermore, the top 4 causes of boating accidents include:
- Failure to pay attention
- Operator inexperience
- Failure to maintain a proper lookout
- Excessive speed
A Typical N.C. Boat/Watercraft Insurance Policy Provides Coverage for the Following, but Not Limited to:
Liability Coverage (Bodily Injury and Property Damage)- This type of coverage provides protection for injuries and damages to others, caused by your negligence in the operation of your boat/watercraft.
Physical Damage Coverage- This coverage applies to damages done to your boat, trailer, etc.
Other available coverage options include towing coverage, uninsured/underinsured motorist coverage (UM/UIM), medical payments coverage, and property/personal effects coverage. *For all other available coverage options, please contact your local N.C. independent insurance agent.
We Can Handle Your Needs
Paramount Insurance Agency is a local N.C. independent insurance agency that understands your love of boats/watercraft and can address and answer any questions you may have regarding watercraft insurance. You know unexpected situations can occur quickly, so having the right type of boat/watercraft insurance is a small price to pay for your peace of mind, should a loss occur. Your only concern, outside of practicing water safety and following the necessary water rules and regulations, is to enjoy the open sea or lake in your boat or watercraft. Sail on safely!
