Benefits of Boat Insurance

Whether you are a boat owner or considering buying one, it is crucial to familiarize yourself with the benefits of boat insurance. And even though boat accidents are not as common compared to auto insurance, it is still essential to protect your investment. Below, Western Insurance Associates of Spokane, WA explains what the benefits of boat insurance are.

Coverage for Bodily Harm

In case you get into an accident, and either you or your passengers get injured, you can receive compensation to cover any resulting medical bills. This saves you from financial loss when otherwise you would have had to pay for those expenses.

Coverage for Physical Damage

A boat is an expensive investment. And if you get into an accident, you have to think of repair costs, including the cost of trailing the boat to a repair shop. However, with boat insurance, you do not have to worry about such expenses as insurance helps cover them, ensuring you are back to cruising on the water in no time.

Liability Coverage

Even if you are an experienced boater, you may get into an accident resulting in injured passengers or property damage. If you are considered at fault, liability insurance helps cover those damages. With boat accidents being pretty expensive, it becomes crucial to have boat insurance.

Enjoy Peace of Mind

The last thing you want every time you go cruising is worrying that you will have to incur a high cost if an accident happens. With boat insurance, you can go about your business knowing that if you, your passengers, or your boat get into an accident, you are protected against financial loss. On top of that, boat insurance can help you cover replacement costs if the boat gets stolen.

A boat is a massive investment despite its size. For you to enjoy many years of boating and sailing, consider boat insurance. Residents of Spokane, WA, looking to purchase insurance for their boats can reach Western Insurance Associates, where we are ready to help you pick a suitable policy.

How Big Does a Boat Have to be to be Registered in Washington?

Washington residents who enjoy spending time on the water need to know the rules that apply to insuring and registering their boat or watercraft. The agents at Western Insurance Associates in Spokane, WA can help you determine whether or not you will have to register your boat before putting it in the water.

Canoes, Kayaks, and Other Non-Motorized Vessels

Any vessel that is not propelled by a motor or a sail will not have to be registered with the state of Washington. If you self-propel the vessel with an oar or paddle, you can use it on almost any waterway in the state.

16 Feet or Less, 10 HP or Smaller

Boats that measure less than 16 feet in length and have a motor that produces less than 10 horsepower do not have to be registered if they are being used in state or non-federal waterways.

Registered in Another State

You can use a boat that is registered in another state without registering it in Washington. If a boat is brought in from another state it will only be legal for 60 days. After that, the registration must be transferred to Washington. You must have proper documentation with you at all times. This is normally a card that states the name of the owner and where the state in which the boat is registered.

At Western Insurance Associates, Washington residents can talk to a reputable agent and learn everything they need to know before taking to the water. Having your boat properly registered and insure is essential if you want to remain in compliance with state laws. Talk to your agent in Spokane, WA today!

What Boat Insurance Covers

In the Spokane, WA area, boating is a favorite pastime with families and friends.  To protect their investment and everyone on it, it’s important to ensure that it is adequately protected in a variety of situations.  While most people are familiar with auto and home insurance policies, boat policies differ and are specific to maritime hazards.  The team of agents at Western Insurance Associates are the pros in boating insurance policies.  They are ready to answer your questions.

When someone acquires a new boat, they may mistakenly believe that it will be covered by their home insurance policy.  In some cases, particularly with smaller vessels, this may be true but the general rule is that it is not.  That’s why its important to talk with your agent before you set out on the water.  For yachts and larger vessels, particularly where it will head into international waters, the right coverage makes a big difference. 

In general terms, boat policies will provide liability coverage, as well as, physical damage.  Liability protection covers the owner in the event anyone is injured while on the boat or there is an accident.  Physical damage addresses any damage to the boat or its mechanical equipment.  It can also address such events as weather/wind damage or vandalism.  Even if the boat is only used seasonally, it’s recommended that coverage be maintained throughout the year.  Your agent will offer two policy options:  agreed value or actual cash value.  With agreed value, the policy will reimburse based on an amount defined in the policy.  Actual cash value is defined as the boat’s true value including depreciation.  Additional coverage is available for uninsured boaters and any personal possession on the boat. 

In the Spokane, WA area, the team at Western Insurance Associates is ready to help you get the coverage you need for your boat.  Call and visit them today!