If you own a boat, then odds are, you already know about Newport Beach boat insurance. No matter why you have a boat, if you spend a lot of time at the marina or on the water, then odds are you’re going to need a policy to protect you and your passengers.
Protect Passengers and Assets
Your passengers are the most important component of your boat. You need an insurance policy to protect you and them when it comes to general liability. Accidents can happen. You want to keep everyone protected from damages. Likewise, it costs a lot of money to maintain a boat. You don’t want to risk losing all of your assets due to an accident or harsh elements on the water.
Personal or Commercial Insurance
Newport Beach boat insurance comes in two different categories: personal insurance or commercial insurance. Commercial insurance policies tend to cover marinas, yacht clubs, boat builders, repairers, cargo and marine manufacturers. Whether you need personal or commercial insurance, your boat is still at risk on the water.
When looking for insurance, you may want to consider bundling insurance policies. For instance, if you need homeowners or auto insurance, as well as boat insurance, find an insurer that can do all three. This typically helps you maintain lower rates.