There are a lot of myths and misconceptions when it comes to boat insurance. Some people think it’s a waste of money, while others believe they don’t need it because their boat is "small." This post will debunk some of the most common myths about boat insurance.

Myth 1: Boat Insurance Is a Waste of Money

This is one of the most common myths about boat insurance. Many people think that they don’t need insurance because their boat is small or they don’t use it often. Even if you have a small boat or only use it occasionally, it’s still a good idea to have insurance. Boat insurance can protect you from many different things, including damage to your boat, theft, and liability.

Myth 2: You Don’t Need Boat Insurance When It’s Docked

Another common myth about boat insurance is that you don’t need it when your boat is docked. This is not true. Even when your boat is docked, it’s still susceptible to damage from weather, vandalism, and other risks. Boat insurance can protect you from these risks, even when your boat is not used.

Myth 3: My Homeowners Insurance Will Cover My Boat

This is another myth that a lot of people believe. While it’s true that some homeowners insurance have riders that will cover your boat while it’s on your property, this is not always the case. And even if your homeowner’s insurance does cover your boat, it’s usually for a limited amount. So, it’s still a good idea to have separate boat insurance to make sure you’re fully covered.

Myth 4: Boat Insurance Is Expensive

This is another common myth about boat insurance. Many people think that because boat insurance covers a lot of risks, it must be expensive. However, this is not always the case. Boat insurance rates vary depending on several factors, including the type of boat you have, where you live, and how often you use your boat. So, it’s possible to get affordable boat insurance.

As you can see, there are a lot of myths and misconceptions about boat insurance. However, the truth is that boat insurance can be very beneficial. It can protect you from many different risks, even when your boat is not used. Advantage Insurance Network in Cincinnati, OH can help you find the right boat insurance policy for your needs. Give us a call today to get started.