Three common misconceptions about boat insurance

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.