It won’t be long now before you’re back out on the water. Are you counting down the days?
While everyone loves to hit the lake on the boat, there are a few
things you need to take care of first.
Are you properly covered?
Since boat insurance isn't required (in most states), a lot of
people skip it in order to save money.
But that’s a very risky idea!
First, without coverage, you’re risking all the money you spent
on your boat. Would you drive your
expensive car without insurance?
Probably not!
Second, boats are a liability exposure. That means that they open you up to
lawsuits. If you were to have an
accident and damage someone’s boat or personal property, then you could be held
responsible.
With the proper insurance coverage, this wouldn't be a
problem. You’d be protected! In fact, we typically recommend that clients
with a high level of assets purchase extra liability coverage if they own a
boat.
P.S. Our open house is coming up on May 8th at 4:00
p.m. There will be BT's smokehouse, Rapscallion beer, Rob Adams, raffles, and
other surprises! I hope to see you all there!
