Boating is a fantastic way to enjoy the outdoors in the Ankeny, IA area. However, ensuring your watercraft is well-protected and abiding by all safety precautions is paramount. Here are some facts about boat insurance and why it’s important:
- The Coast Guard reported that over 3,800 significant boating accidents occurred throughout the U.S. in 2023. These resulted in approximately 564 deaths and 2,126 injuries. Many accidents go unreported, so these statistics likely underestimate the true impact. Speeding, equipment malfunctions, and distractions were common causes of these incidents.
- Boat insurance doesn’t just cover collisions with other boats. If you have the appropriate type of policy, it can cover theft, fuel spills, salvage, severe weather, injuries, freeze damage, vandalism, personal belongings, and towing under certain circumstances. Some protections are optional, so be sure to ask your agent for specific details about what your policy covers.
- Not all boat insurance policies are created equal. Liability coverage only protects you if your boat causes harm to another individual or their property. Combined collision and comprehensive policies offer much broader protection, sometimes called "hull insurance." They cover eventualities such as theft and wind damage.
- While the state of Iowa doesn’t require boat insurance, a bank may expect you to have and maintain a policy if you use a loan to purchase your watercraft. Likewise, some marinas also require coverage, which effectively protects their facilities and fellow customers’ vessels.
If you’re seeking reliable boat coverage, Maschoff Insurance is here to assist. Our independent agency in Ankeny, IA offers exceptional customer service and the ability to easily compare policies from various providers. For a no-obligation quote, please call Maschoff Insurance today at 515-964-3195 or 877-317-3195.
