Should a boat owner decide to carry insurance on his craft, he will begin with a basic liability policy. Such policies can range in coverage from $100,000 to $1,000,000. They generally will cover physical damage to your boat, passengers, and certain personal items brought on board, as well as damage caused to another boat, dock, pier, etc. A minimum liability policy is always a good idea, even if it’s not required by law.
In addition to the previously mentioned coverage, liability policies can also cover damage caused to your boat and personal property in the case of theft, fire, or adverse weather. Such inclusions will raise the price of your premium, depending on the value of the boat.
What standard liability coverage does not include is damage or personal injury caused by someone other than you. If you loan your boat to a friend for a day of fishing, you are assuming the risk of any accident he might have. If such an accident occurs, you could be held liable in court.
Visit http://www.LatorreInsurance.com to learn more about Charlotte boat insurance.
Latorre Insurance is a licensed independent insurance brokerage serving North and South Carolina, with offices in Charlotte, Greensboro, and Raleigh.
