Category: Boat/Watercraft Insurance

Investing in watercraft or boating insurance policies in Willoughby, OH, is a strategic way to maintain peace of mind as the owner of any type of boat or water vehicle. Whether you enjoy boating recreationally, seasonally, or competitively, tailoring your insurance policy is a surefire way to ensure comprehensive, year-round protection.

Assessing Your Coverage Needs

When customizing watercraft insurance, the type of vessel is an essential factor to consider. Coverage will differ for jet skis, sailboards, speedboats, and yachts. The more detailed you are about your specific needs and uses, the more straightforward it will be to secure a suitable insurance policy. As you analyze your coverage needs, please take into account the frequency of boat usage, its storage location, and your transportation methods.

Coverage Limits

Cooperate with a specialized insurance agent from The Merhar Agency LLC to define acceptable liability coverage limits to safeguard your investments and assets in any situation. Reviewing the worth of any watercraft you’re insuring is paramount to guard against potential personal injuries and physical damages resulting from accidents or other incidents while on the water.

Risks

Consider the potential risks of using your boat or watercraft in Willoughby, OH, or surrounding areas. Factors such as climate, potential for natural disasters, local regulations, and accident history should all be taken into account when tailoring your watercraft insurance policy.

If you’re shopping for watercraft or boating insurance in the Willoughby, OH area and desire a completely custom policy, The Merhar Agency LLC is your go-to resource. To learn how to customize your watercraft insurance policies further, contact The Merhar Agency LLC to speak directly with one of our insurance agents today.

In the Willoughby, OH area, owning a boat can be a lot of fun. When you are going to purchase a boat here, you will enjoy all the local lakes and waterways throughout the region and state. Along with shopping for a boat, you also need to get the right insurance. There is a lot you need to think about when you are going to build a boat insurance plan when you are in this area. 

Your Requirements

One of the factors to consider as you are shopping for boat coverage in this region is what your requirements are. There are various situations when you may be required to carry insurance. To use certain marinas and waterways, you may be obligated to carry a boat insurance plan with liability coverage. There are also scenarios when you will be required to carry full coverage if you have taken out a loan when buying a boat. You should always make sure you receive the necessary coverage. 

Value of Boat for Coverage

It is also important to consider the value of the coverage of your boat. When you are going to get insurance, you can move forward with either an agreed-value policy or actual cash. Agreed value is a coverage level negotiated with the insurer, and the actual value is the market value, which factors in depreciation. 

Consult With Us

Getting boat insurance needs to be a top priority when you are purchasing any watercraft in the Willoughby, OH area. Once you are ready to start shopping for your next boat here, you can call our team with The Merhar Agency LLC to discuss your needs. Our team of professionals with The Merhar Agency LLC can help you by addressing your questions and offering the ongoing support necessary to build a new plan. 

Buying boat insurance can be complicated and confusing. At The Merhar Agency LLC, we understand the unique needs of our customers in Willoughby, OH, so we have put together some tips and tricks to help you find the best boat insurance plan for your needs.

Boat Insurance: Tips and Tricks

1. Understand Your Coverage Options

The first step is to determine what type of coverage you need. Comprehensive coverage will provide protection from damage caused by fire, theft, vandalism, and other accidents, such as collisions with other boats or objects. Liability coverage is also essential; this protects you in the event that someone else is injured on your boat or if their property is damaged due to an accident involving your boat.

2. Consider Your Boating Habits

When shopping for boat insurance, consider how often you use your boat. If you plan on taking long trips or have guests aboard your vessel, you might need to look into additional coverage, such as medical payments and guest protection coverage.

For example, if you plan to take your boat out in the winter, it is vital to ensure that your policy includes cold-weather protection. Additionally, you should consider any activities you will be engaging in while boating; some policies may not cover certain activities, such as water skiing or fishing tournaments.

3. Work with an Experienced Agent

Shopping for boat insurance can be overwhelming. Working with an experienced agent will help you find a plan that is tailored to your specific needs. At The Merhar Agency LLC, we understand the unique needs of Willoughby, OH boaters, so you can trust that we’ll have you covered when it comes to boat insurance.

Reach Out To Us

With our expertise and guidance, you can feel confident that you’ll be adequately protected on the water. Contact us today for more information about finding the right boat insurance plan for your unique needs.

Boat insurance is important if you own any type of watercraft. The Merhar Agency LLC is an insurance agency offering boat insurance. If you own a boat and you’re a consumer in the Willoughby, OH area, you can consult us regarding the boat insurance coverage options we make available.

Here are four important considerations to take into account when you purchase boat insurance:

The waters in which you’ll be navigating

One of the most important things boat owners need to know about insurance coverage is that coverage is typically limited to particular navigation territories.

When you purchase boat insurance, you should specify to insurance providers what areas you’ll want to be using your watercraft to make sure that your boat will be covered whenever you use it. 

The value of the watercraft that’s being insured

When it comes to collision coverage for your boat insurance policy, you should purchase enough coverage to cover the full value of your watercraft. 

The times of the year in which the boat is used

Many boat owners only use their watercraft during certain months of the year. If you keep your boat in storage throughout much of the year, you should discuss this with your boat insurance provider. You may be able to pause coverage or enjoy reduced premiums for the months of the year when your boat is in storage. 

The types of coverage to include

Types of boat insurance coverage include collision, liability, fuel spill, and wreckage removal coverage. You need to decide which types of coverage you want your policy to include. 

Contact Us Today

Let us assist you with meeting your boat insurance needs in Willoughby, OH. We can provide you with a quote on a boat insurance policy if you get in touch with us at The Mrehar Agency LLC. 

If it is time to renew your boat policy, give the folks at The Merhar Agency LLC a call today. We provide the greater Willoughby, OH area residents with all of their insurance needs and would welcome the opportunity to work with you.

Review your boat policy before you renew

When it comes to renewing our insurance, many of us fall into the trap of simply renewing the same policies year after year without giving it much thought. However, insurance needs can change, and it’s a good idea to give your policies a quick review before you renew them. And, it’s not a bad idea to sit down with your local agent.

Boat policies should reflect your liability protection needs. You will also want to make sure that your collision coverage is in line with the value of your vessel as well as replacement costs. Medical expense coverage is another area where you will want to make sure that your policy limits are keeping pace with your protection needs.

We recommend that our clients give their policies a comprehensive review at least once a year. This allows you to recognize any gaps or overages in coverage with time to make the necessary adjustments. Simply renewing the same policy year after year can mean that one day you won’t have the coverage that you need. Don’t find out after it’s too late that your insurance policy is inadequate for your current needs.

Give us a call today!

The Merhar Agency LLC is here to help the greater Willoughby, OH community with all of its insurance needs. If you have questions about your current boat policy or are considering a boat purchase in the near future, give us a call today!

Boat insurance is not required in Ohio, unless you have a lender that requires it. Still, it is a wise purchase, to ensure that you are covered for every possible risk when you are on the water.

At The Merhar Agency LLC, we want Willoughby, OH residents to feel secure when they are on their boats. We can help you to design the best boat insurance policy for your needs. 

Learn more about what to expect in boat insurance right here.

What Boat Insurance Coverage is Available

When you are purchasing boat insurance, the minimum you want to have is liability coverage. This will protect you financially in the event of an accident for which you are found to be liable.

You can also get property damage for damage that occurs to your boats as a result of collisions, and comprehensive insurance for theft, vandalism, fire, and most incidents that cause damage that aren’t collision-related. 

In addition to this coverage, you can get coverage for contents, and specific equipment coverage.

What Does Liability Coverage Protect?

When you have boat insurance, liability coverage covers bodily injury liability and property damage liability. 

Bodily injury liability coverage will pay for medical costs and lost wages when there are injuries suffered after an accident. This pays for third parties that were in an accident with you, for which you are at fault.

Property damage liability pays for damages to a third party’s property after an accident or damage has been caused. This could happen after a collision, a fuel spill, or a number of other boat-related accidents.

There is a lot to getting boat insurance, and when you do, you will buy peace of mind.

Get a Quote

You are not required to get boat insurance in Ohio, but it’s always a smart choice. At The Merhar Agency LLC, we want Willoughby, OH residents to feel secure on the water and protected against every possible financial risk. Call us for a quote today.

Do you need boat insurance in Ohio? Though it is not a requirement by law, you need boat insurance to finance future damages in accidents. Contact The Merhar Agency, LLC, serving Willoughby, OH, and the surrounding areas, for all your boat insurance concerns.

What Is Boat Insurance?

Boat insurance is an insurance policy for your watercraft. It finances the costs needed to recover from any accidents in water and storage. With boat insurance coverage, you can pilot your boat peacefully, knowing that whatever happens, your insurer has got your back.

Why Do You Need Boat Insurance?

The need for boat insurance and auto insurance is similar. Boat insurance will help you in the following ways, depending on the policy you choose.

Replace Your Boat After A Theft

If your boat is hijacked in the water or stolen in storage, you won’t even fret. You file a claim to your provider, and they will get you a new boat.

Replace Your Boat After An Accident

If a hurricane ruins your boat, the provider will cover all the costs needed to get your boat back in working order. You can even get back valuables damaged inside the boat. Even when an uninsured motorist or a submerged rock wrecks your boat, your insurer can foot the repair bills.

Cover Medical Expenses After A Boat Accident

If a boat accident injures you or any passengers, your provider pays the medical bills.

Requirement By Marinas

If you plan to store your boat in a marina, they will need you to cover your boat against liabilities.

Requirement By Lienholders

If you want to take a loan to buy a boat, the lienholder (like a bank) will ask you to insure it until you pay up the full amount. There are different boat policies to cover any of your fears. An insurance agent will answer all your questions and help you choose the best option.

Contact The Merhar Agency LLC, For Boat Insurance

Reach out to The Merhar Agency LLC serving North East Ohio for a free consultation! Call us today at 440-946-2040 to get a boat policy that suits your needs.