One of the risks of owning a watercraft is its exposure to adverse weather events such as a hurricane. A bad storm can damage your watercraft to the point it requires repair to become seaworthy again, but if you have the right insurance policy, you can get those repairs covered. At Fuqua Insurance Agency in Tallahassee, FL, we know the risks of owning a watercraft and can cover your vessel against calamity. Here’s a look at how.
Understanding Comprehensive vs. Liability Insurance Coverage for Watercraft
A comprehensive policy, also known as full coverage, repairs the damage done to your watercraft without question. In contrast, a liability policy won’t cover damage to your vessel after a storm. The comprehensive policy is designed to cover storm damage, even if the vessel sinks and is unrecoverable.
The only time a comprehensive policy won’t cover damage done by a storm is when it contains language that says it doesn’t offer this type of coverage. Otherwise, you can rely on your insurance to help you get the watercraft repaired and seaworthy once again.
How Insurance Companies Determine Needed Repairs
An adjuster from the insurance company comes to view your watercraft and get a first-hand look at the damage that your watercraft sustained. They’ll document the damage and then guide you through the repair process. If the watercraft has sunk, it’s considered a total loss, and you’ll be compensated for its value.
Contact Fuqua Insurance Agency Today for More Information
Our agents at our office in Tallahassee, FL, are familiar with the risks associated with owning watercraft and natural events and are ready to discuss getting the right insurance policy. We’ll explain how comprehensive insurance protects your vessel and what you can expect from the claims process if it ever sustains damage.
