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Sterling Heights, Michigan Boat Insurance: Your Guide to the Basics

Nov 3

Michigan Boat Insurance can be straightforward to find. Boat insurance is a tricky subject, but it doesn't have to be! Boat insurance in Sterling Heights, Michigan, should not scare you away from purchasing the protection that your boat deserves. Unfortunately, boat owners often make mistakes when buying boat insurance because they don't know what questions to ask or how much coverage they need. This guide will help you learn about some of the basics of Sterling Heights Boat Insurance so that you are non-disabled enough for any situation!

What is Boat Insurance?

Boat insurance, also known as marine coverage, is a policy that covers the boat owner in case of an accident or damage to their water vessel. Boat Insurance Sterling Heights can cover many different things, including liability for injuries and property damage, medical payments, loss related to theft or vandalism, uninsured boaters' claims if you are hit by one while out.  Boat insurance is not required by law, but it is highly recommended. Boat Insurance Sterling Heights can be picked up for a day or week to even monthly coverage, depending on your needs and the duration of time you will have the boat out.

Why should I get boat insurance?

Boat Insurance Sterling Heights is there to protect your investment. If you spend a lot on an expensive boat, wouldn't it be nice if something happened and someone helped pay for the damages?  Boat insurance is there to cover these costs. Boat insurance can also protect you if someone were to get injured on your boat while it's in use or some other incident occurs that causes an injury.  Boat insurance can help cover these costs as well.  Boat insurance isn't just for the boat owner either; anyone that might be on board with permission is covered under most policies too!

How does boat insurance work?

Boat insurance works in a very similar way to other types of insurance. Boat owners pay premiums for coverage and will receive compensation if their boat is damaged or stolen. Boat owners are also protected from lawsuits if an accident occurs. Boat insurance will only cover the cost of repairs or replacement, not any other expenses that may need to be paid out of pocket.  Boat insurance policies will also have an option for a deductible, which is the amount you need to pay before your procedure begins. Boat Insurance Sterling Heights quotes can be found online by filling out a short form about your boat and its value, as well as any additional options that you may want to be included in your coverage, such as collision damage waiver or rental reimbursement. Boat owners must also inform their insurer if they plan on using it in saltwater so that appropriate corrosion protection measures are taken into account when determining how much of an impact this will have on boating expenses.

Types of boat insurance coverage 

Boat insurance coverage defines the type of protection it offers you. Boat Insurance Sterling Heights policies are typically divided into four categories: liability, medical payments or personal injury protection (PIP), comprehensive, and collision coverage.  Liability boat insurance covers the damages your vessel may cause to someone else's property if an accident occurs on open water. It also protects you if you're sued for injuries that happen to other people while onboard your boat or when boarding/disembarking from it.

Envision Insurance Agency
38221 Mound Rd Building G, Sterling Heights, MI 48310