The Facts About Boat/Watercraft Insurance

If you reside in the state of Illinois and need boat insurance, allow us to provide you with the coverage you need here at Goshen Group Inc. in Glen Carbon, IL. The best way to protect your investment is by obtaining insurance for it. If you don’t protect your watercraft or boat, you will be held responsible for paying for medical expenses and repairs out of your pocket, which can jeopardize your finances.

Boat Insurance Requirements

The state of Illinois has no laws requiring boat owners to obtain insurance. However, marinas may require proof of insurance. If you are on the fence about obtaining insurance to protect your boat or other watercraft, these are things to keep in mind.

Boat Insurance Coverage

All boats should be protected with some coverage. You can choose from any of the following coverage options:

• Physical damage- This type of coverage will pay for damages to your boat that you have caused.
• Property damage liability- This covers costs related to damage done to other boats as well as docks, ramps, and personal property.
• Bodily injury liability- If you cause an injury to another person while you are on the water, this coverage will protect you against lawsuits and expenses that you may have to pay for out of pocket.
• Agreed value policy- This type of policy allows you to obtain the full cost of the value of your boat if it is damaged, or even stolen,
• Medical payments- This coverage will cover your medical costs if you or your passengers are injured in an accident.

Quotes

To obtain a quote for boat insurance, give us a call or visit Goshen Group Inc. today. Our agents will help you choose the right insurance policy that meets your needs. We are located in Glen Carbon, IL.