Boat/Watercraft Insurance
Unlike auto insurance, you are not required to purchase boat insurance in Louisiana. Although, while watercraft insurance may not be mandatory, it is smart to have coverage to save you from financial losses and help you enjoy your time in the water worry-free.
Need to learn more about boat insurance? Chabert Insurance Agency LLC is here to walk you through the process.
Boat insurance coverages
Whether you are a new or a seasoned boater, you need to take your time and research when looking for boat insurance. For instance, you should be aware of the below boat insurance policies:
- Liability coverage: This policy protects you when accused of causing bodily injury or property damage to other people. And if taken to court, this coverage pays for legal costs, including attorney and settlement costs.
- Collision insurance: Boat accidents aren’t as common as car accidents, but they do happen. In such instances, you need boat insurance to repair or replace your boat.
- Comprehensive insurance: You may not be in the water, but mishaps can happen when your boat is parked in your garage. This coverage covers non-collision perils, such as falling objects, theft, vandalism, fire, and so on.
- Equipment insurance: This coverage includes personal items in your boat, such as GPS equipment, fishing gear, and so on.
- Uninsured boater insurance: Since boat insurance isn’t compulsory, the chances of colliding with an uninsured boater are high. As such, you need this coverage to pay for uncovered damages left by the uninsured boater. This is much better than pursuing compensation through lawsuits.
- Fuel spillage/wreckage cleanup: Local authorities may require you to clean up oil and other pollutants when your boat is shipwrecked. Luckily, this coverage can provide you with the funds and resources necessary to clean up the wreckage.
Are you ready to invest in boat insurance in Louisiana? Please get in touch with Chabert Insurance Agency LLC for an affordable quote.
