The laws in the state of Ohio, do not require that you carry boat insurance. If you have a loan on your boat, the lender may require that you carry insurance to protect their investment. But what about you? Should you protect your investment if you are not required by law to do so? For help answering this question in Cincinnati, OH you have Advantage Insurance Network. They have friendly staff who can discuss all the many things that go into making a decision about boat insurance. 

Repair or  Replacement

Depending on how much you paid for your boat, you may not be easily able to replace your boat or repair it if it is damaged. If your boat is on your property and is damaged, it may be covered by your home insurance but the coverage will not be as extensive as it would be with a dedicated boat policy. But if your boat is in the water or away from your home, home insurance will not cover it. 

Liability

If you have any assets beyond just your boat, liability insurance is something that you need to have. In the event of an accident where there is personal or property damage and you are deemed to be at fault, you could find yourself involved in legal litigation. The result could be catastrophic to your current and your future earnings and assets. Liability insurance on your boat will provide you with the protection that you need for peace of mind. 

Owning a boat comes with lots of things to think about. If you live in Cincinnati, OH or the surrounding area and you are looking for information or to purchase boat insurance why not give Advantage Insurance Network a call or stop by their office for a no-obligation quote.