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Every boat/watercraft insurance policy includes liability coverage. For many owners, this coverage will be sufficient, but some situations require higher limits to protect your investment. Birdsong Agency Inc., serving Snellville, GA, can help you find an appropriate liability level for your needs.

Assessing Your Boat Liability Coverage Needs

In general, upgrading your watercraft will trigger a need for higher liability coverage. Faster, more powerful boats can cause more significant damage in an accident, requiring higher limits. Larger vessels, including small yachts, also require higher liability limits.

If you operate your boat in a crowded or high-risk area, you also have a greater potential for accidents. Some marinas even require higher liability limits.

If you frequently carry or entertain passengers, consider adding liability protection. The presence of more people increases the possibility of mishaps. Increasing your liability limits will help protect your investment, as people may press lawsuits against you, even when you are not at fault.

Determining How Much Liability Coverage Is Enough

Many boaters carry $100,000 to $300,000 of liability protection for their boat/watercraft. But that may not be enough, depending on your situation. Calculating your net worth, including your home, savings, and investments, is a good starting point. A good rule is to have enough liability coverage to protect your net worth. If the figure exceeds what a standard policy provides, you can add umbrella coverage for maximum protection. Review your liability risk annually to ensure your limit is high enough.

Finding the right liability limit can be confusing, but Birdsong Agency Inc. is here to help. Contact us to learn how to protect your investment with a boat/watercraft insurance policy. We’re currently serving Snellville, GA.

Investing in boat/watercraft insurance is essential if you enjoy seasonal or recreational time on the water. Residents in the area of Snellville, GA, who are considering boat or watercraft insurance for liability, collision, or theft protection may want to combine existing insurance policies for cost savings. At Birdsong Agency Inc., we assist clients, ensuring optimal protection year-round. 

Many insurers provide policy bundles that help reduce insurance rates and policy costs, and are much more convenient to manage. Bundling eligibility may depend on the type of watercraft you own, such as a sailboat or a Jet Ski. Working with an insurance agency is a way to determine whether a combined policy is ideal.

Opting to bundle your boat and watercraft insurance through multipolicy solutions typically results in discounts while providing the coverage you are seeking. Additionally, when you choose to bundle your boat and/or watercraft insurance policy with an existing policy, it is much easier to manage your coverage. Simplified policy management helps streamline the process of paying for what you need without sacrificing convenience.

Additionally, combining boat and watercraft insurance policies with existing insurance policies can result in improved coverage alignment, preventing you from overlaps or gaps in coverage. Working with the right agent can make all the difference. Understanding your options while combining insurance policies provides peace of mind and long-term coverage, whether you’re a seasonal or recreational boat and/or watercraft owner.

Anytime you are considering boat/watercraft insurance, it’s essential to consider your options. Combining your boat and watercraft insurance with an existing policy can significantly reduce your insurance rates while providing maximum protection and coverage. To learn more about your boat and watercraft insurance options in or near Snellville, GA, contact Birdsong Agency Inc.