Boats are a great way to spend some time on the water but without the right insurance policy, they can also be a huge liability. That being said, the right policy makes all the difference. For those that live in the Rockville, MD area, the agents with Wellspring Insurance Network Inc. can help you find the perfect boat policy just in time for summer.
So everyone knows that boat insurance covers damage that is associated with accidents while on the water, but does it cover the non-accident related damage? The answer is not as simple as you might imagine. For starters, all boat policies have collision insurance. This covers damage to your boat and to others boats if you wreck. Most policies have property damage liability to cover damage to other boats and even to property and structures. Many policies are going to have bodily injury liability to help cover injury while using your boat.
Most policies are not going to cover damage to your boat unless it is in use. You can, however, purchase a comprehensive policy that does cover the cost of repairing your boat if it is damaged and even helping to replace it if it is stolen. Basically, comprehensive insurance is going to cover any damage that occurs that is not the direct result of some sort of collision. You can also purchase policies that cover clean up of oil spills, damage caused by uninsured boaters, and more. You can also purchase umbrella policies that help cover any gaps that you might find in your policy.
For those in the Rockville, MD area, the agents with Wellspring Insurance Network Inc. can help you find the perfect policy that not only fits your boat but that also fits your usage and your particular needs.