Boat/Watercraft Insurance in North Carolina

If you are the owner of a boat or watercraft in North Carolina, you should be going the distance to maintain and protect it. It's vital to preserve the vessel because it is an investment. Having boat and watercraft coverage from Allen Insurance Agency means that your insurance company will compensate you for damages that result from watercraft use according to the terms of the policy. This is a great way to make sure your money stays in your pocket after a loss.

You are not required by law to carry boat/watercraft insurance in the state of North Carolina. However, it is always a good idea to do so. It's also crucial that you study your options carefully before selecting a boat/watercraft insurance policy in North Carolina. There are numerous aspects of your policy that you're going to need to consider carefully. The following are five of the most important factors to keep in mind regarding your policy.

Liability Coverage

Liability coverage is one of the most critical aspects of your policy. It provides you with coverage for damage your boat or watercraft accidentally causes to other vessels or property.

Agreed Value Coverage

An agreed value coverage policy is a good option for watercraft coverage. This type of policy compensates you for a particular value regardless of how much your watercraft has depreciated.

Coverage According to Area

You need to be aware of where coverage for your policy is applicable. North Carolina is a coastal state, so a watercraft owned in the state could travel far. Sometimes, watercraft coverage is only applicable over a particular navigational area.

Medical Payments

Coverage for medical payments means that a policy will compensate a boat owner for medical costs resulting from a boating accident.

Coverage of Belongings Within the Watercraft

You may have valuable belongings in your watercraft. This is especially true if you live aboard your watercraft or travel on it frequently. Your boat insurance policy could include coverage for any personal belongings in your watercraft that become damaged.

Contact us at Allen Insurance Agency in Ramseur, NC to learn more about your coverage option. We'll discuss your watercraft with you and answer any questions you have. We'll help you find the coverage option that's best for your needs and help you get a quote.