From Lake of the Ozarks to Table Rock Lake, Missouri boasts some of the most picturesque inland bodies of water in the U.S. For many in the “Show Me” state, weekends mean spending time on the water, whether fishing, skiing, or just taking in the view. If you own a boat, you know how important safety is both before and after you leave the dock. Even the most prudent boat owners are at risk of accidents. At Tagge Insurance, we make it our job to protect you and your investment so that you can spend less time worrying and more time doing what you really want to do – relax.
Boat Insurance – What’s Covered?
Like any insurance policy, boat insurance can include a wide range of coverage that protects watercraft owners in many different scenarios. From the boat trailer to the water, the risks are endless. It is even possible to experience a loss when your boat is stored during the winter months. When shopping for coverage, ask yourself the following questions:
- Is my boat covered if I collide with another watercraft?
- What happens if I run my boat aground?
- Will my insurance pay for repairs caused by collisions with a fixed object?
- What happens if one of my passengers or skiers is injured?
- Am I protected against flooding and swamping?
- Is my boat trailer and equipment covered?
- Who pays for fuel spills, salvage, and towing?
Types of Coverage
As a boat owner, your insurance policy will likely contain several types of coverage:
Liability Insurance
Pays for a victim’s property damage and bodily injury expenses when you are at-fault for an accident.
Physical Damages
Protection for your boat when it is damaged on the water.
Comprehensive Insurance
Helps cover losses while your boat is docked or in storage. Examples include theft, vandalism, and storm damage.
Medical Payments
Helps cover medical bills when you or your passengers are injured in an accident.
Equipment and Belongings Coverage
Reimburses you when your fishing gear, ski equipment, navigation equipment and other belongings are damaged or stolen.
Wreckage and Clean-Up
Covers the cost of recovering your vessel if it capsizes, as well as the cost of fuel spill clean-up.
Towing and Emergency Assistance
Whether you run out of gas or experience a mechanical failure, know that you are covered for assistance on the water 24/7.
Ways to Save on Missouri Boat Insurance
Many factors contribute to the cost of your premiums, and no two insurers are exactly alike. From the type of boat you own to the amount of your deductible, your rates will be a reflection of the insurer’s risk perception. However, you may qualify for certain discounts as a Missouri boat owner, although these vary by insurer. For example, you may pay lower premiums if you bundle your boat insurance with other lines of coverage, such as home or auto. You may also qualify for a discount if you maintain a good driving record, do not have any claims and only operate your boat seasonally.
At Tagge Insurance, we work hard to deliver excellent coverage and competitive rates. As an independent agency, we compare boat insurance policies from several of the state’s most reputable insurance carriers until we find the coverage that is right for you. We do the shopping for you – saving you both time and money.
If you own a boat or personal watercraft in Missouri, make sure you have the protection you need both on and off the water. Contact our office to request your free quote today. We look forward to serving you soon.
