Boat owners need to make the right decisions when choosing their insurance coverage to protect them financially. At Dern & Company, we sell boat insurance in Milwaukee, WI.

The following are four essential pieces of advice that boat owners should follow when buying boat insurance. 

Research any boat insurance requirements you need to meet

Boat insurance is required in a variety of situations. Boat insurance is always required by lenders who provide financing for boat purchases. Many marinas also require boat insurance.

Ensure you are aware of any requirements you need to meet regarding boat insurance coverage. 

Know about coverage exclusions on your boat insurance policy

Boat insurance policies sometimes have policy exclusion on costs boat owners face due to maintenance-related issues or normal wear and tear.

Make sure you know about all the exclusions your policy includes so that you don’t face unpleasant surprises if you file a claim. 

Understand any navigational limits on your policy.

Any boat insurance policy will include some navigational limit. You won’t be covered if you take your boat outside these navigational limits. That’s why policyholders need to understand the navigational limitations their policy is subject to. 

Invest in any available safety equipment.

Taking boating safety measures and investing in safety equipment like alarms can help to minimize the chances that you’ll face high expenses and damages due to boat ownership.

You should research safety precautions and take such precautions whenever possible to prevent boat accidents whenever possible. 

Are you interested in learning more about boat insurance in Milwaukee, WI? Give us a call today at Dern & Company to get a quote on a boat insurance policy.