TIPS YOU CAN USE: DANGERS OF GOING BARE ON WATERCRAFT COVERAGE
Boatowners typically face large property and liability loss exposures from
their boating activities while often going without proper insurance. The
following loss scenarios point to the need for specialized boatowners
coverage. Remember that many of these loss examples are not covered (or
have tough restrictions) under the standard personal auto or homeowners
* Your cruiser collides with a speed boat whose operator fails to yield
the right of way, causing extensive damage to your boat. The owner of the
speed boat does not have any insurance coverage.
* An expensive bass boat you just purchased is stolen from your home.
* Your 27-foot-long sailboat is damaged by a major hailstorm while docked
at the marina.
* Your sport fishing boat is struck by lightning, incapacitating its
* Your son's friend is water skiing behind your boat and he falls into the
lake, injuring himself, due to the excessive speed of the boat.
* You negligently cause another boat to overturn to avoid a collision.
* Your outboard motor explodes, seriously injuring your next door
If you have any watercraft exposures, please call our office for a review
of your loss exposures and insurance solutions.
This article is brought to you by Peter Tuttle, CPA at Cool Springs Insurance.com. You may contact me by sending an e-mail via the link to the right of my active rain blog page. Please visit my website at http://www.petertuttlecpa.com/
"I help individuals, families, small-businesses & non-profits with their income tax & insurance needs."
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