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Atrium Insurance Group

6970 S Holly Cir #104
Centennial, CO 80112

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Is Boat Insurance Worth It?

Whereas boating is fun and demonstrates an admirable lifestyle, it can lead to significant losses when unpredicted perils unfold. For instance, boats can collide with each other and cause injuries to boaters or damages to the boat and goods on transit.

Under such a scenario, you’d need a caring partner to help you bear the losses, and that’s where boat insurance coverage comes in. But is boat insurance worth it? To answer your question, Atrium Insurance Group in Centennial, CO has outlined the main benefits of subscribing to boat insurance coverage.

It covers property damages

Since your boat doesn’t come cheap, you need proper insurance to compensate you in case of loss or damage to your boat. Comprehensive and collision coverages protect your boat against physical damage or loss when perils like theft, falling objects, fire, accidents, and certain natural calamities strike.

It covers physical injuries

If you or your passengers sustain boat injuries, boat insurance coverage steps in to help pay treatment and hospitalization costs. 

It covers emergency assistance and towing

Your boat can break down miles offshore, leaving you with only one option — calling an emergency towing service. Unfortunately, the costs associated with such services are usually high, and in some cases, you may not be in a position to cover them. Luckily, your boat insurance can bail you when stuck in the water. 

Liability protection

No matter how good you are at boating, you can cause an accident. As a result, you could face property damage and bodily injury claims from third parties. If this happens, you will appreciate the importance of purchasing boat insurance cover.

Boat Insurance in Colorado

Whether you own a boat for recreational or business purposes, it’s good you consider subscribing to boat insurance coverage. According to Atrium Insurance Group in Centennial, CO, doing so will let you enjoy your boating experience without worrying about potential dangers. Contact us today for an affordable quote.

What Is Boat Insurance and What Does It Cover?

Whether you have a sailboat, fishing boat, or pontoon boat, you will need special coverage for your boat as well as liability insurance. The purpose of boat insurance is to protect you as a boat owner from different challenges associated with owning a boat. It protects a boat from accidents, vandalism, theft, and breakdowns – whether a boat is at the dock, in the water, or on the trailer. Atrium Insurance Group, serving Centennial, CO, has prepared a list of things that are normally covered by boat insurance:

  • Physical damage. It insures a boat against loss and damage caused by fire, sinking, collision, and theft. In most cases, it covers such permanent components as motors, extra fuel tanks, anchors, and onboard safety equipment (fire extinguishers and flotation devices). When choosing a policy, make sure to ask an insurance agent whether you will be insured for the actual cash value or the boat’s replacement cost. 
  • Liability coverage. It applies if your boat causes injuries to other people or damages to other boats and watercraft, docks, or structures. In some cases, liability coverage also protects against lawsuits, including payment of legal fees and settlements. 
  • Other coverage. You can always ask your insurance company for additional types of coverage. It can be medical coverage to injuries to occupants with their boat insurance policies. If you have any other needs, you can always ask an insurance company if there is coverage for them or not. 

If you are a boat owner, you should understand that boat insurance is critical. It protects you as an owner, your boat, your personal belongings, and other people. If you are currently looking for a boat insurance policy and you need a trustworthy insurance company who will help you find a perfect policy, Atrium Insurance Group serving clients from Centennial, CO, and other surrounding towns, is ready to assist you. If you have any questions, do not hesitate to give us a call and talk to one of our experienced agents. 

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