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Watercraft Insurance: 5 Reasons Not To Get Caught Without It

Posted in Benefits of Marine Insurance, Important Information on Jan 18, 2023.

A boat or watercraft can be a great source of joy and provide countless hours of entertainment, but it also comes with its own risks. Accidents can happen on any body of water—whether big or small—so it's important to make sure you have adequate coverage in place before taking your vessel out. Without insurance, you could find yourself dealing with hefty repair bills if the unthinkable happens. In today's blog post, we're going to take a look at five reasons why having proper watercraft insurance is absolutely essential for anyone who owns a watercraft.

What is Watercraft Insurance?

Watercraft insurance is a type of coverage that provides financial protection in the event of an accident or other water-related incident. This can include things like damage to your boat or watercraft, injuries incurred while on the water, and more. Whether you own a small fishing boat or a large deck boat, watercraft insurance is essential for protecting yourself against the many risks associated with water travel.

#1 - Damage to Your Boat Can Be Devastating

If your watercraft is damaged in an accident, the financial costs can quickly add up. Watercraft insurance covers things like damage to your boat or watercraft, as well as any repairs needed for things like propellers and motors. This can help you avoid potentially costly out-of-pocket expenses if something happens while you're out on the water.

#2 - Injuries Can Happen Anytime, Anywhere

Even if you're careful and take all necessary safety precautions when out on the water, accidents can still happen. And without adequate watercraft insurance coverage, you could be responsible for paying expensive medical bills related to injuries sustained while boating. With watercraft insurance, though, these costs will be covered so that you can focus on getting better.

#3 - You Could Be Liable for Property Damage Caused by Your Boat

Even if you aren't in control of your watercraft when an accident occurs, you could still be held liable for any damages caused by it. Watercraft insurance covers things like damage to other watercraft or water-related property, so you're protected no matter what happens while out on the water.

#4 - Your Watercraft Insurance Can Also Cover Things Like Theft and Vandalism

In addition to accidents and injuries, watercraft insurance can also cover the costs associated with theft or vandalism. This will help protect your investment against any unexpected events that may occur while your boat is stored or in transit.

#5 - Watercraft Insurance Can Help Cover the Costs of Personal Belongings

If something happens to your watercraft, your watercraft insurance can also help cover the costs associated with replacing any personal belongings that may have been lost or damaged. This can include things like fishing poles, water skis, and more.

It's Easy and Affordable to Get Watercraft Insurance With MD Marine

Many watercraft owners are hesitant to get watercraft insurance because they think it will be costly and difficult to obtain. However, this is not necessarily the case! MD Marine has a variety of watercraft insurance options available, so you can easily find one that fits your budget and needs.

We will also work with you to help you get the coverage you need so that you can feel confident and safe when out on the water. So if you own a boat or another watercraft, be sure [to contact MD Marine today]( to learn more about our watercraft insurance plans and get started with protecting your investment!