Weekend warriors in Canby, OR who take to the lakes and reservoirs to fish, ski, or just spend time with family on the water may be in for a rude awakening if they are involved in an accident on the road and their boat or trailer is damaged. The fact is, most car insurance policies only cover the trailer. Even then, the coverage is not quite as extensive as what is on the vehicle towing the boat and trailer.
Just Because It’s Attached, Is It Insured?
Many people are under the assumption that if the boat and trailer are attached to their vehicle, they are both insured. In most cases, if your boat is damaged due to an accident you caused or damage that was caused by another vehicle, your losses will not be covered by your car insurance. If your boat comes in contact with another vehicle and causes any amount of damage, your insurance will not cover those particular damages and you will be responsible for them out of your own pocket.
Boat and Trailer Policies
If you plan on towing your boat on a regular basis, it’s a wise decision to purchase a policy specifically for your boat and trailer. This will fully cover both items while they are on the road and in the water. It’s an important safeguard that may prevent you from losing your boat completely or having to pay for extensive repairs that may result in financial hardship.
Talk to your local insurance agent at Oliver Insurance. The staff will help you determine what type of insurance you need, as well as how much coverage is best for your particular boat/trailer combo. Oliver Insurance serves residents who live in and around the Canby, OR area.