Many residents in Arizona enjoy taking on the Colorado River and others in the summer months. Arizona has various rivers and lakes that allow for boat and watercraft fun each year. The best way to enjoy this time with friends and family is to have peace of mind with boat and watercraft insurance.
While the state of Arizona may not require insurance on your watercraft, your lenders may want you to carry this policy in the event of a collision. If you do not have insurance and you are ticketed for an accident, you will be responsible for paying all costs for damages and medical expenses out of your pocket.
If you get a boat or watercraft insurance policy, you can expect the following options:
Comprehensive protection is ideal for boats and watercraft that are stored. Should you have your property stolen or damaged while being stored, it can be replaced with comprehensive protection.
Collision protection is available if your boat is involved in an accident and the other boater does not have the insurance to cover the damage. The other party may not have enough insurance on their policy or not be insured at all. While you can still take them to court to pay the damages, you can subrogate the costs from your insurance company to go ahead and have your boat repaired.
Liability protection is there for you and your financial protection. If you are responsible for damage caused by your boat or watercraft, then you can use your insurance policy to cover any expenses where you are liable.
Contact our agents at Canyon State Insurance agents today if you are ready to get a quote or would like more information.
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