Boat/Watercrfat Insurance in Connecticut

While there are many activities in Connecticut, few beat the fun of hitting the water while the weather is warm and cozy. With so many lakes, rivers, and access to the Atlantic Ocean, owning a boat in Connecticut is a dream come true for many residents.

However, before you immerse yourself in boating, don’t forget to contact Stratos Wealth Partners in Danbury, CT, for watercraft insurance. Although boat insurance isn’t mandatory in Connecticut, you must purchase it if you want a relaxed and fun-filled moment in the water.

Boat insurance coverages

Ready to get started with boat insurance? Here are basic boat insurance coverages that you need to understand.

  • Property coverage: Whereas boating accidents aren’t as common as road accidents, you need to protect your asset if the unthinkable occurs. Boat insurance compensates you for repairs or even replacement of your boat when a covered peril strikes.
  • Liability coverage: Suppose you are deemed liable for a boating accident. As a result, you could be accused of bodily injury and property damage. Worse yet, you could be sued for negligence. Without boat insurance, liability claims can wreak havoc on your finances, but this isn’t the case when you have invested in boat insurance.
  • Uninsured/underinsured boater coverage: Since boat insurance isn’t compulsory, many boaters in Connecticut are uninsured. Unfortunately, if you collide with a boater with no insurance, the losses you incur won’t be covered. Although you can sue for compensation, the process is long and unpredictable. Luckily, you can avoid going this route by investing in underinsured/uninsured boater coverage.
  • Medical payments coverage: This insurance policy pays for you and your passengers’ medical expenses following a boating accident.

Owning a boat comes with a high level of responsibility. One of the things you need to put in place is boat insurance. Luckily, boat insurance shouldn't be a headache if you are in Danbury, CT, or nearby. Stratos Wealth Partners provides affordable and personalized boat insurance for your convenience. Contact us today for a quote.