Why Boat Insurance is Essential for Hutchinson, KS Residents

The Hutchinson, KS area is known for its warm summer months. Thankfully, the locale offers various recreational lakes and waterways that you can enjoy. If you own a watercraft, it’s a smart move to procure appropriate insurance. This entails securing a boat insurance plan. Here’s why boat insurance is necessary.

Ensuring Compliance

When you own a boat in Kansas, having boat insurance is crucial for compliance. If you finance your watercraft through a loan, your lender will require you to have insurance until the loan is completely repaid. Additionally, several local marinas and waterways may mandate boat insurance as a requisite for usage. Being insured helps you maintain compliance with these requirements.

Providing Financial Protection

Another reason to have boat insurance in Kansas is to secure financial protection. Owning a boat comes with various risks, including potential damage in accidents or causing an accident yourself. Either of these situations can lead to significant financial outcomes. Being insured affords you the necessary support in such circumstances.

Choose a Comprehensive Boat Insurance Plan

Maintaining comprehensive boat insurance is important for residents of Hutchinson, KS. If you are shopping for a new plan, reaching out to our team at DJ Kauffman Agency would be extremely beneficial. Our professionals can guide you in assessing your needs and evaluating your options, ensuring you create the best policy for your needs.

Owning a boat is a great way to experience the freedom of being out on the water. However, boating accidents are always a possibility. As a boat owner, it’s essential to think about this risk and to be prepared for it. To protect yourself financially, you need to have boat insurance for your boat at all times. With this coverage, you will be ready for serious financial risks that could affect you after a boating accident. Boating accidents aren’t something that many boaters think much about, but they do occur regularly. Call us at DJ Kauffman Agency in Hutchinson, KS if you need boat insurance. 

Liability Coverage

When you get boat insurance, it’s important to get at least liability coverage, if not more types of coverage. Liability coverage will pay for the expenses incurred when you cause a boating accident and cause injuries or damage to someone else’s property. This coverage can pay for the medical bills and lost wages of those who become injured in a boat accident that you’re responsible for. It can also pay for the damage to their watercraft or other property, so you won’t have to pay for that out of pocket. Boaters have real risks, so it’s best to be protected against them. 

Other Boat Coverage

Your liability coverage won’t pay for damage done to your boat. That’s what comprehensive and collision coverage are for. These are different coverage types that pay for your damages. Collision covers the damage done in a boating accident and comprehensively covers risks you face when your boat isn’t on the water, such as during transport. 

Get Boat Insurance in Kansas

Getting and keeping boat insurance for as long as you own your boat is important. Call us at DJ Kauffman Agency in Hutchinson, KS to get started.

Every state has boating laws on the books. Some states require boat insurance, but Kansas does not. It does require that you register your vessel, so make sure you complete this task. Though you aren’t required to have boat insurance, it’s a smart idea to protect yourself by getting it. If you want boat insurance protection, call us at DJ Kauffman Agency in Hutchinson, KS.

Collision Accidents

It’s common for boats to collide in an accident on the water. That’s why it’s crucial always to have boat insurance when you go on the water. If you are involved in an accident with another boat or watercraft, you will be liable for all the damages if you are at fault for the accident. Paying for medical bills and property damage can be costly to pay for. It’s much like when you have a vehicle on the road, and you wouldn’t drive without auto insurance. You shouldn’t go boating without boat insurance. With this coverage, the costs you are liable for can be paid by the policy instead of the money coming from you. 

Different Types of Boat Coverage

It’s a good idea always to have liability coverage when you take your boat out. This is what pays for a third party’s bills after an accident. However, there are other types that you might consider so that your boat is better covered. Comprehensive boat insurance covers other risks that can happen to your boat. If you get collision coverage, this can pay for the damage to your boat and personal items when you cause a boating accident. 

Cover Your Boat With Insurance

It’s always wise to have boat insurance when you love boating. If you are in Hutchinson, KS, call us at DJ Kauffman Agency to find out more. 

Boat insurance is the type of insurance that protects a boat/watercraft, engine, and gear from certain risks. It protects from such physical damages as vandalism, boat accidents, or theft. It also provides protection from natural elements, including bad weather, hurricane, floods, and fire. If one of these incidents occurs, and you do not carry boat insurance, you will have to pay for damages out of pocket. 

What Does Boat Insurance Cover?

Boat insurance covers sailboats, yachts, motorboats, and personal watercraft if it is stolen or damaged by a natural element, person, or another boat. Boat insurance also provides liability coverage, the purpose of which is to protect you as a boat owner if you accidentally injury someone or damage their property. A standard boat insurance policy covers the following: 

• Machinery
• Furnishings
• Fittings
• Permanently attached equipment
• Hull

Additionally, you can also discuss with an insurance agent other types of coverage. It might be a good idea to also get coverage for the following components:

• Boat accessories (geo-location instruments, radar, and others)
• Boat trailers
• Towing coverage
• Special equipment (fishing equipment and accessories for example)

Some policies may also cover fuel spills and the cost of wreckage removal if you are involved in a boat accident on the water. 

DJ Kauffman Agency – We Help You Get Insurance Coverage You Deserve

Do you live in Hutchinson, KS or any other nearby town, and are you looking for an insurance company to purchase insurance for your boat? Then  DJ Kauffman Agency is ready to assist you. Our experienced and knowledgeable agents serve clients in Hutchinson, KS and other surrounding areas by helping them find a policy based on their personal requirements and budget. If you have any questions, feel free to visit our website or give us a call. 

It’s important to invest in a good boat insurance policy to protect yourself financially. At Dj Kauffman Agency, we sell insurance policies to boat owners in Hutchinson, KS.

If you are purchasing a boat insurance policy in Kansas, the following are three mistakes you need to avoid.

Purchasing only liability coverage

You might think that all you really need is liability coverage to protect yourself against potential lawsuits. However, you really should also get replacement coverage for your boat as well as collision coverage. This way, the value of your boat will be protected.

A boat is a valuable asset that you need to invest time and money in. As such, it’s important to protect your boat with insurance coverage. 

Being unaware of the navigational limitations of your policy

You need to understand that your boat insurance policy will probably only provide coverage within certain navigational limits. Your policy must cover the areas in which you’ll be regularly using your boat.

You need to invest in added coverage to expand navigational limits on your policy if the standard limitations mean you won’t be covered in certain locations where you’ll frequently want to use your boat. 

Not purchasing salvage and wreck removal coverage

One important type of coverage that boat owners sometimes overlook is salvage and wreck removal coverage. If your boat becomes damaged, it might become stranded in public waters. In this situation, you’ll be responsible for the costs of removing it. Salvage and wreck removal coverage on your boat insurance policy will cover these costs for you. 

You need to do your research and ask questions when you’re on the market for boat insurance in Hutchinson, KS. We can help you to find the right policy at Dj Kauffman Agency. Contact us to learn more about the insurance coverage we offer for boat owners.