Boat/Watercraft Insurance in Utah
Having a boat or watercraft is a serious investment, and you want to make sure that it is adequately protected. If you have never had boat insurance before, it may seem not very clear at first. To help you understand this type of insurance better, Uban Insurance Agency, serving clients in Salt Lake City, UT, and other nearby towns in Utah, has prepared a list of things you should know:
What Should You Know About Boat Insurance?
- There is limited coverage under a home insurance policy. Most home insurance policies include some coverage for boats, but this coverage is minimal and does not entirely protect a boat and personal belongings. Therefore, if you own a boat, it is recommended to get a separate boat insurance policy.
- A typical boat insurance policy covers the following: property damage, liability coverage, medical expenses coverage, and uninsured/underinsured watercraft coverage. You can also add additional coverage to your stand boat insurance.
- There are two types of boat insurance - an actual cash value and an agreed amount value. An actual cash value covers replacement cost minus depreciation. An agreed amount value is calculated on an appraisal of your boat/watercraft that you and your insurance company agree on.
- Anyone can operate a boat with boat insurance. However, there might be certain limitations if you own a high-performance boat.
Uban Insurance Agency in Utah - An Insurance Agency That You Can Trust
If you are a boat owner from Salt Lake City, UT and you are shopping for boat insurance to protect yourself and other people while boating, our insurance agency is ready to help. Our mission is to help our clients find an insurance policy based on their personal needs and budget. Feel free to contact us to find out more about the available insurance options.