Michigan is a favorite destination for sailors and there are plenty of marine businesses across the state. Whether you’re running a marine business, or you’re a boat owner who loves sailing across the waters of Lake Michigan, one of your top priorities should be getting covered with boat and marine insurance.
Read on to learn what it is, what it covers, why it is necessary for boat owners, and how you can benefit from getting a Melton McFadden marine insurance policy.
What Is a Boat and Marine Insurance Policy?
Boat & marine insurance is a type of insurance that helps you cover financial losses in case an accident causes an injury or damage to your property.
These are two similar types of insurance. Both have the same purpose but are designed for different customers.
Boat insurance helps recreational boat owners insure their property and protect against any potential financial losses due to a marine accident. Marine insurance helps marine businesses protect themselves and their investments in case an unexpected situation results in an injury or property damage.
Why Is Boat or Marine Insurance Necessary?
Whether you’re the one sailing across the waters of Lake Michigan, or you rent boats to avid sailors, you can’t foresee potential accidents. And accidents do happen.
Collisions can cause property damage and even result in serious injuries. If you’re liable for someone else’s injury, you may need to pay for their medical expenses. They may also sue you or your business, leading to hefty legal fees.
With a boat or marine insurance plan, you can have complete peace of mind, knowing that you or your business are insured against marine incidents leading to potential financial losses.
Benefits of Boat Insurance as a Boat Owner
What if an accident causes physical damage to your boat? What if you cause property damage to someone else’s boat in an unexpected collision?
Boat insurance can help you cover the cost of property damage or loss and any medical and legal expenses for potential injuries that you may be liable for. It can also help you get towing assistance if a collision or other accident prevents you from getting your boat back to the dock.
Melton McFadden Boat & Marine Insurance Coverage
Melton McFadden boat and marine insurance covers physical damage to your boat, as well as damage you may potentially cause to someone else’s property. As a leading insurance provider in the state of Michigan, we are your trusted boat and marine insurance partner.
Our policies include collision damage, helping you pay for property repair, or replacement in case your boat gets damaged in a collision. We provide coverage if someone vandalizes your boat. Our policies cover your personal property, that is, all your belongings on board that may get damaged, lost, or stolen. We also offer coverage if your boat has been stolen.
Melton McFadden boat and marine insurance policies cover medical and legal expenses due to bodily injury. If someone gets hurt in a collision or while using your boat, our marine insurance policy can help you cover their medical bills.
If the injured party happens to file a claim against you or your marine business, and you are found liable in court, our insurance can help you cover legal expenses.
Partner with Melton McFadden for Boat & Marine Insurance Today
Melton McFadden is one of the best marine insurance companies in Michigan that can provide you with affordable boat and marine insurance.
We understand that your boat is not just another boat. You have invested a lot of time, money, and effort to make sure it operates properly and enables you to enjoy your favorite pastime. And if you run a Michigan marine business, keeping it afloat is undoubtedly one of your top priorities. You can’t afford for someone to damage your boats and cause a significant loss of income.
With Melton McFadden, you can rest assured knowing that your boat or marine business in Michigan is taken care of in case of an unforeseen circumstance. We can provide you with reliable insurance at the most competitive prices in Michigan, giving you the peace of mind that you deserve.
Contact us today to get your boat or marine insurance policy quote!