Why should I get insurance for my boat?

The Oviedo, FL area is a great place for people that enjoy being outdoors during the hot summer months. For those that own a boat in this area, there are countless opportunities and places to enjoy it. If you are going to buy a boat in this area of Florida, it is vital that you get it adequately covered by insurance. There are several reasons why you should get boat insurance. 

Protects Your Boat

One of the main reasons to get boat insurance is that it will protect your boat. A boat is a major purchase and investment that you need to take seriously. A boat insurance policy will help to protect your boat in many different ways. If your boat is stolen, damaged in an accident, or you experience a variety of different losses, your boat insurance policy will provide you with coverage.

Requirements

For many boat owners, having boat insurance is also a requirement. If you took out a loan to buy the boat, the lender is going to require that you have insurance to protect their collateral. Additionally, there are certain marinas and other waterways in the area that are going to request that you have boat insurance to ensure you can pay for damages if you cause an accident. 

If you want to own a boat in the Chuluota or Oviedo, FL area, you need to make sure that you get proper boat insurance. One of the best ways that you can do this is by getting a full boat insurance policy. When you want to get boat insurance, contacting the team at The Wurzel Agency is a great choice. The Wurzel Agency can help any boat owner find a policy that provides the right type and level of protection. 

Dog Lover? Think About Umbrella Coverage

In today’s economy, everyone is pinching pennies. So why worry about umbrella coverage? Shouldn’t a home and auto policy leave you adequately covered? 

Unfortunately, we live in a world of lawsuits. Substantial damages can be awarded, be extremely expensive, and have a long-term financial impact. Those lawsuits can come from unlikely sources, such as our furry friends.

Take Charlie, for instance. Charlie is a much-loved, rather timid labradoodle who enjoys taking naps on the driveway while his owner mows the lawn. 

Charlie watched from eight feet away as his neighbor, a 39-year-old man, rollerbladed with his kids. The man wiped out on the sidewalk in front of Charlie’s house and broke his leg. He required surgery, costing around $35,000 in medical costs and $18,000 in lost wages.

Fair or not, the man brought a lawsuit against Charlie’s owner, suing for $220,000 in damages. He alleged that Charlie had caused the accident by getting in his way, despite multiple witnesses to the contrary. 

Charlie’s owner was lucky — a jury vindicated Charlie. However, lawsuits like this can easily exceed the limits on a homeowner’s policy, leaving the insured responsible for the remainder. An umbrella policy would prevent that, giving you an extra $1 million to $5 million in coverage.

Our furry friends can put our assets at risk in other ways as well. According to the Center for Disease Control and Prevention, 4.7 million people are bitten by dogs each year, with half of those occurring on the owner’s property. Dog bites, according to the Insurance Information Institute, account for about a third of all homeowner’s insurance claims, which only cover limited damages.

Protect what you love. Call us to talk about your umbrella options. The Wurzel Insurance Agency is here for you! Give us a call at (407) 977-5700 to speak with one of our experienced agents, or email us: hello@wurzelagency.com.