Boat/Watercraft Insurance In Georgia
Having boat and watercraft insurance is just as important as any other insurance policy you may have. Just like auto insurance, boat insurance will keep you protected from the unexpected. Accidents do happen, and we want to make sure that we work hard to get you the coverage you need here at Bethlehem Insurance Agency in Georgia.
Boat Insurance Requirements
Many people ask if there are any laws in Georgia making it mandatory for boat owners to obtain insurance. However, the answer to that is no. There are still some instances that may require you to obtain boat insurance, especially if you plan on keeping your boat docked at a marina. Most marinas will require proof of insurance. Regardless of any laws, it is still essential to have insurance.
Liability alone is an option but only covers medical expenses and injuries that you have caused to others. It is helpful; however, it may not be enough protection for your investment. It would be best if you considered adding any of the below to your policy:
- Replacement cost - This is a policy that will cover replacement or repair costs if your boat gets damaged. If you suffer a total loss, you will be reimbursed for any repair costs, or your costs will be covered to replace it with another boat of an identical make/model.
- Comprehensive - This is an excellent option to have since it covers everything essentially. The only exceptions are normal wear and tear or damage that is intentional.
- Limited or named-peril - Fire, vandalism, collisions, lighting, and tornadoes are covered under this policy.
- Agreed amount - Instead of the payout being tied to the current market value of your boat, a specific reimbursement amount is established prior.
If you own a boat in the state of Georgia, visit our Bethlehem Insurance Agency website today to obtain a quote.