Congratulations on getting your own boat. You are probably wondering whether you need boat insurance or not. However, whether your boat is for commercial or recreation activities where you only use it a couple of months every year, having boat insurance is crucial.

In Overland Park, KS  boat insurance protects you from various perils not only in water but also outside the water. So what are some of the scenarios that your boat insurance may help? 

1. Damage while the water

Most boaters purchase boat insurance to help cover them from water-related damages when they are in the water. Collisions and other accidents are all covered by boat insurance. HighPointe Insurance Services LLC can help you get a suitable package if you are always in the water.

2. Damage outside water

Collisions and other damages can also take place outside the water. It is essential to understand that your boat is not only protected in water but also out of water during winter or at other times when not in use. Vandalism, theft, and fire are just some damages to focus on if you intend to focus on when buying insurance. Remember these are more common than collisions in water.

3. Saves you money during winter.

While many boat owners prefer to cancel their policies during winter to save money on insurance costs, it should surprise you to know that this may turn out to be costly in the long term. This is because some insurers offer discounts for every claim-free year. Canceling your policy before the year is over depletes your chances of making use of these discounts.

Boat insurance can save you in many ways. To learn more on boat insurance come to speak to us at HighPointe Insurance Services LLC in Overland Park, KS today.