Here at Allen Empire Agency, we know there isn't a beach in Nevada. However, we know that there are plenty of large bodies of water across the state. These are prime spaces for sailing your watercraft. Since other residents and travelers have the same idea, you need to prepare if something happens to your boat.
This is where watercraft insurance comes in handy. Like the auto version of this protection, a policy for your water-based vehicle covers the costs related to damage and potential legal fees.
Although Nevada doesn't require this form of liability insurance for personal watercraft, the staff at Allen Empire Agency highly recommends it. This is especially true if you frequent lakes in Tahoe and Henderson. It's also a good investment if you own an expensive boat.
Watercraft insurance covers your personal watercraft and its powertrain against damage and loss related to a collision, theft, vandalism, or a fire. Additionally, a policy extends to equipment like anchors, life preservers, and fuel tanks. Personal items can be covered under a rider to the standard policy.
Beyond physical protection, watercraft insurance covers injury or legal action issues. It helps pay for medical costs that include bodily injury to you or any injured passengers. If you're at fault in an accident, the policy covers legal costs and settlement payments. Should the collision be caused by an uninsured boater, watercraft insurance works to obtain compensation for damage and injuries.
The cost of watercraft insurance depends on several items. A significant factor is the size and cost of your watercraft. Also, premiums are affected if you've had previous accidents or legal action taken against you.
Our agency's representatives are ready to help you purchase watercraft insurance. Reach out to us today for a quote.
