Anytime you invest in a boat in Spokane, WA, it’s essential to consider the type of insurance coverage you’ll be obtaining to protect your vessel and any gear or personal items onboard. When you want to protect electronics, furniture, fishing gear, and even valuables you store on your boat, you can obtain a personal property insurance policy within an existing boater’s insurance policy. At Capital Insurance, we will work with you to safeguard your belongings from risks such as damage, loss, or theft, regardless of the size and type of boat you own.
Understanding the Basics of Personal Property Coverage
While a standard boating insurance policy may protect against accidents, collisions, and weather-related events, it may not protect your belongings and interior valuables. Personal property protection can protect equipment such as:
- GPS systems and other boat-related electronics
- Personal items and clothing
- Sporting equipment
- Fishing gear
- Tools
Key Considerations for Personal Property Coverage
- Policy Limits: When comparing personal property policies, ensure the coverage amount equals the estimated value of your belongings and/or furnishings.
- Perils: Examine and compare specific perils you will receive coverage for, such as incidents involving storm damage, theft, or even fire.
- Deductibles: Compare deductibles to minimize out-of-pocket expenses.
- Exclusions: Compare exclusions that may range from negligence to wear and tear to find a sufficient policy for your needs.
Understanding the type of personal property coverage you require alongside your boat insurance policies in Spokane, WA, is imperative for any boat owner or watercraft aficionado. Tailoring your insurance policies to suit your needs based on assessing and valuing your valuables and belongings is crucial to protecting against specific risks in the Spokane region. If you want to learn more about personal property coverage with your existing boat insurance policy, contact Capital Insurance for your quote and consultation today.
