What every boat owner in MI needs to know about insurance

North Coast Insurance Services is here to serve all of the insurance needs of the greater Lexington, MI area. Our team has the knowledge and experience necessary to help you protect your boat.

Protect your boat with the right insurance policy

When you own a boat, you understand all of the responsibilities that come with all of the fun. Having the right insurance policy in place can help you enjoy your boat while protecting yourself, your passengers, and the other vessels that are out on the water.

A comprehensive policy can protect you in the event of a catastrophic event, and also with less serious issues. While knowing that you have the protection you need in case you or a passenger are injured is a great benefit, so too are the features that are useful in less serious instances.

For example, having engine issues while out on the water is not typically a life-threatening situation. But, having towing coverage is one way that comprehensive coverage can help make your day go a little more smoothly. Boaters with comprehensive insurance coverage love knowing that they have the protection they need for both catastrophic and less serious situations.

If you want to enjoy your boat with the peace of mind that comes with knowing you’re protected, take a look at a comprehensive policy today.

You can count on us for all of your insurance needs!

If you are a boat owner in the greater Lexington, MI area, count on North Coast Insurance Services for all of your insurance needs. Our team is here to help! Call or stop by today to learn more about the boat insurance options that are available in our area.

Is boat insurance required in Michigan

Boating is a fan favorite activity in Michigan. If you live in the state, you are never far from an inland lake or one of the Great Lakes. It is no wonder there are so many boats on the more than 11,000 lakes, and this is not even considering the rivers. At North Coast insurance Services in Lexington, MI, we are the friendly neighborhood insurance team. We aim to develop long-lasting relationships with all of our customers. As independent agents, we can offer more choices and affordable rates. 

Boat insurance is not required in Michigan, but all motorized boats are required to be registered. However, if you have a boat loan, the lender may require you to carry boat insurance to protect their investment in your boat. Just because boating insurance isn’t required, it doesn’t mean that it is a good idea to be out on the water without it. In 2019, there were 128 boating accidents on Michigan waters, and accidents, injuries, and death have continued to rise for the past few years. The cost of all these accidents is more than half a million dollars. 

When your boat is stored at home, damage or theft may be covered minimally by home insurance, subject to your deductible. But if you get into an accident with your boat or watercraft, you will really benefit from having a dedicated boat insurance policy. Not only will comprehensive boat insurance pay for damage to your boat, but it will also pay for any damage you may cause to another boat or structure. It will also give you liability coverage to pay for any bodily injury you may cause and a lawsuit resulting from the accident.  

Boat insurance isn’t required in Michigan, but you would certainly be wise to consider having it. Contact North Coast insurance Services in Lexington, MI to discuss the benefits of boat insurance.