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Lakeside living means fun in the sun and on the water with your family, but it also means you own a home and maybe some toys, that requires specialized insurance coverage. So, before you put your dock in, take the first cruise on your pontoon, or consider letting your nephew take the boat out for a fishing trip, make sure you’re insured with the right company that provides you with the protection you need.
Protect your Retreat
Choose an insurance company that includes expanded coverage for specific items such as:
- Docks
- Swim platforms
- Increased special limit for watercraft including kayaks
- Boat lifts
- Water slides
- Floating trampolines
Most insurance companies already provide liability for watercraft with the following:
- Inboard/outdrive motor power of 175 HP or less (excluding jet skis)
- Outboard motors with 120 HP or less
- Sailboats less than 26 feet
To insure your boat properly so you can get back out on the water quickly, we recommend asking for some of the following items:
- Agreed Value loss settlement, so there is no arguing over your boats value
- Towing and Labor expenses
- Personal effect coverage up to $2500
- Fishing equipment coverage
- Coverage for the cost to recover a sunken boat
- Fuel spillage
- $500 for boat equipment
Lastly, don’t forget to consider a personal umbrella. Umbrella policies provide increased levels of liability to protect your family and your assets. An umbrella is a must for lake living so you can enjoy your retreat with peace of mind!
