Boat Insurance Coverage Options

If you are a boat owner, there are several ways you will want to protect your boat. One of the best ways to provide protection for your prized possession is through boat insurance. The agents at Atrium Insurance Group in Centennial, CO are explaining the details about boat insurance.

Is Boat Insurance Required in Colorado?

Boat insurance is not required in Colorado unless you borrowed the money you used to purchase your boat from a bank or other lender that may require you to have a policy in place. Even though it is not required, boat insurance is still an important policy to have to protect the investment you have made in your boat or other watercraft, including jet skis. There are several different types of coverage you can secure for your boat.

Liability Boat Insurance

Liability boat insurance will help pay for any medical bills that are in curd by anyone who is injured in a boating accident that is considered to be your fault. This type of coverage will also pay for any property that you cause.

Comprehensive Insurance

Comprehensive boat insurance coverage is the type of coverage did a lender may require you to have since it protects your boat if it is damaged or destroyed by a natural disaster, a fire, or vandalism. This insurance will also help you replace your boat if it is stolen.

Collision Insurance

Collision insurance will pay for damages that are caused if you collide with another boat or an object.

An experienced boat insurance agent can assist you in determining which types of boat insurance coverage you need for your situation. Contact the agents at Atrium Insurance Group in Centennial, CO today to get your policy started.