What is Motorcycle, Boat, and Other Personal possessions Insurance?

Everyone who owns either a motorcycle, boat, or other motorized vehicles can tell you how excited they are when winter finally ends, and they can finally take out their toys. They will probably also tell you that they spend hours each weekend enjoying the open road or the lake. What they probably never talk about, though, is how important it is to have insurance for these things. 

Boat insurance can help cover different vessels such as motorboats, sailboats, or other personal watercrafts if they are stolen, in an accident, or damaged by fire or lightning. Another important feature of boat insurance is that it may cover you in the chance that you accidentally injure someone or inflict damage to their property. Typically, you will find that boat insurance will cover parts such as machinery, permanently attached equipment, fittings, furnishings, and the hull.

Motorcycle insurance is a requirement in most states, and each rider has to carry a minimum amount of liability insurance. Most liability coverage will not pay for your medical bills after an accident has occurred or pay to have your bike repaired. Instead, it provides coverage for someone else’s medical bills or property damage if you are found to be at fault for the accident.