Boat accidents in the Overland Park, KS area can lead to significant financial losses. Medical bills alone can cost hundreds of thousands of dollars. If you are at fault for an accident, you may also be responsible for damage to another boat. Understanding what your boat or watercraft insurance covers is essential before heading out on the water.

What Liability Coverage Usually Includes

Most boat insurance policies include liability coverage. This coverage can help with bodily injury claims and property damage lawsuits. It may also cover legal defense costs and any judgment against you. However, policies do not cover intentional acts. For example, if you intentionally crash your boat into another vessel, insurance will not assist with the damages.

Understanding Your Coverage Limits

Every insurance policy has coverage limits. A boat or watercraft policy will only pay up to the limit stated in your contract. If the amount owed after an accident is higher than your limit, you are responsible for paying the remaining balance. Working with an agent at Fortress Insurance Agency can help ensure your limits are high enough for your needs.

What Boat Insurance Does Not Cover

Liability insurance does not cover your own injuries or injuries to your passengers. It also does not include damage to your boat or cleanup of wreckage. Some policies may include fuel spill cleanup because fuel can pose an environmental hazard, but this depends on the insurance company and the policy type. Reviewing your policy with an expert is the best way to understand exactly what is and is not covered.

Before you begin operating your vessel, speak with a professional at Fortress Insurance Agency. Our agents will help you secure the appropriate boat or watercraft insurance for the Overland Park, KS area. Contact us today to learn more.