Owning a boat requires a lot, including frequent maintenance. One thing that isn’t required, but is a must to have, is boat insurance. States make their own laws about boat insurance and whether it is mandated. The state of Illinois doesn’t require you to have this insurance, but it’s not a good idea to own a boat without it. You are vulnerable to many financial problems after a boating accident if you don’t have boat insurance. Call NCIB Group Inc. in Chicago, IL to ensure your boat is protected.
Protection in Case of Boating Accidents
Boats collide on the water occasionally, which can be a costly error to make. You could have an accident for which you are found to be at fault, and you would owe money for the damage to the other watercraft and any medical bills that the other party incurred. Without boat insurance, you would be on the hook for all of these bills from your own pocket. When you have boat insurance, the policy can pay for the many bills that are owed afterward. This can be a lot because of the rising costs of both repair and medical services. Boat insurance protects you financially from financial problems from these costs.
Coverage Types for Boats
Like auto insurance, different types of this coverage can go into one policy. You can get liability coverage that pays for the damages and medical bills due for the other party’s boat. You can also get comprehensive coverage that protects you in case of an off-water incident that happens to your boat.
Cover Your Boat
If you don’t have boat insurance, it’s time to get a policy. Call us at NCIB Group Inc. in Chicago, IL.