Like a car, your boat is a tool that can take you to your destination or just provide a comfortable space for you and your loved ones to enjoy the beautiful scenery. Unfortunately, also like a car, your boat may get into an accident, causing significant damage to your and the other party’ boats. Having Newport Beach boat insurance can help provide you with the necessary funds to pay for these damages.
Having boat liability insurance can be crucial if you are found to be at fault for a boating accident, since you may be held liable for damages done to both boats. Some boating insurance may only cover your boat, forcing you to use your own money to fix the other individual’s vessels. Moreover, the boating accident may cause bodily injuries, and you may be responsible for paying all the medical bills. These expenses can cost substantial amounts of money that you may not have. In the worst case scenario, a judge may force you to sell your assets in order to be able to pay the bills.
Whether you are at fault or not, accidents do happen. They shouldn’t have to mean losing everything. That’s why having Newport Beach boat insurance, specifically liability insurance, can be so necessary during these difficult times.