The price of a boat is not the only expense you should think about when buying a watercraft in Nebraska. Boat insurance, although not a requirement in Nebraska, is quite vital for any boat owner.

At Richards Insurance Agency in Lincoln, NE, we recommend making sure that your personal property and legal liability obligations are well protected every time you are in the water. Here are a few tips for new boat insurance buyers:

Work with your budget

Like we already mentioned, boat insurance is not a legal requirement. Therefore, it is prudent that you don’t financially strain to pay for insurance. Decide the amount you are willing to spend on your watercraft and speak to any insurance expert in Richards Insurance Agency to get their views and approvals.

Know your insurer

Some boats can be covered under homeowners’ insurance, especially the small boats. This heavily depends on the insurance provider, the price of the boat, and your home insurance policy. The best way to go about it would be to buy separate boat insurance from a reputable insurance agency in Nebraska like Richards Insurance Agency and add it to your home policy too. This will ensure that your boat is adequately covered because a home insurance policy can be limited.

Understand the policy

Don’t assume that boat insurance is like other basic insurance policies. Make sure that you read and understand clearly what is covered. Ask for clarification where you don’t understand before signing up or finalizing the agreement. Remember, you can always walk away if you are not satisfied with the policy.

If you still need more tips or have more questions regarding boat insurance, feel free to visit us at Richards Insurance Agency in Lincoln, NE today!