If you or someone you know owns a boat, there’s a good chance you’ll be out on the water by Memorial Day (May 26). Boat owners will enjoy the water even more if they’re not worried about the safety of themselves, their passengers or their investment.
Here are a few things to consider when purchasing watercraft and boat insurance:
- If you're in an accident or your watercraft is stolen, it costs money – often a lot of money – to fix or replace it.
- If you or any passengers are injured in an accident, medical costs can be extremely expensive.
- If your watercraft is responsible for damage or injury to others, you may be sued for much more than you're worth.
- Your watercraft also needs protection when it's on land. Accidents can happen while towing a watercraft.