Purchasing a boat is an expensive investment, so why wouldn’t you protect it with insurance? Utah is one of the states that requires you to purchase liability coverage for powerboats with engines producing more than 50 horsepower. Also, if you have a loan on your boat, the bank may require you to hold boat insurance. If you do leave your boat at the marina, you may need liability insurance to protect the boat. Depending upon the size of the boat, you may need to purchase a different policy. Contact Mountain Ridge Insurance Group to make it easy to find the right boat insurance coverage.

What Does Boat Insurance Cover?

Boat insurance comes with multiple options, but normally includes coverage for the following:

• Litigation
• Investment Protection

Lawsuits are quite common in our society. It is important to protect yourself from serious lawsuits. Consider what would happen if you were out boating and a friend was injured on your boat? What about taking your boat to the lake and parking it at the marina, only to have an uninsured boater crash into it? A boat policy will offer protection by providing a defense attorney and will pay damages if you are liable.

What happens if you are boating at Lake Powell and a powerful storm arises, damaging your boat on the water, or worse, sinking your boat? Investment protection is one of the best reasons for purchasing insurance for your boat. You do not want to risk losing your investment from a significant event.

Purchasing the Right Boat Insurance

Boat insurance policies can provide all-risk policies and consequential-damage coverage for a boat sinking. Call Mountain Ridge Insurance today at 801.820.6402 to discuss the insurance options available for your boat in Utah or Southern Idaho.