Understanding Watercraft Insurance: What Do You Need?
If you’re planning to buy a recreational vehicle to enjoy and explore the lakes and rivers in Oklahoma City, OK, you’ll need to understand the insurance options available to cover potential mishaps and accidents. That’s where our agents at S & S Insurance Services Inc. can assist, ensuring you and your watercraft are adequately covered.
Insight into Watercraft Insurance
While Oklahoma doesn’t mandate insurance for watercraft, your lender will likely require it. Additionally, some marinas won’t allow boats to dock without insurance, protecting other boaters from uninsured individuals.
Varieties of Watercraft Insurance
Insurance can cover a range of watercraft, including yachts, wave runners, boats, personal watercraft like jet skis, pontoon boats, and sailboats. Insurance is also available for smaller vessels, such as fishing boats, kayaks, or canoes.
Advantages of Watercraft Insurance
Boating can sometimes involve risks. Having insurance can provide a sense of security. Key types to consider include liability, comprehensive, and collision coverage.
Liability
Liability insurance offers financial protection while boating if you’re responsible for damaging someone’s property or causing injury.
Comprehensive
Comprehensive coverage applies when your watercraft is involved in a non-collision event.
Collision
As the name suggests, collision coverage applies if your boat is involved in a collision, whether with another boat or an object.
Get in Touch
Enjoying the waterways of Oklahoma City, OK, can be safer and more fun for everyone when you’re covered with watercraft insurance. Give us a call, and our team at S & S Insurance Services Inc. will prepare you to ride the waves with a watercraft insurance policy that suits your needs.
