Category: Boat/Watercraft Insurance

Optimize Your Boat Insurance During the Kansas Winter

For boat owners, the winter months often imply periods of low activity, with boats docked in storage or hauled on a trailer. Rather than leaving your prized possession uncovered, consider optimizing your boat insurance. At Midwest Professional Insurance, we specialize in offering comprehensive and tailored boat insurance to ensure you’re completely protected when the warm weather rolls in.

Why Inspect Your Boat Insurance in Winter?

Kansas winters are synonymous with sub-zero temperatures – hardly the ideal time for boating. However, it’s the perfect time to prepare for the upcoming boating season. This includes scheduling necessary boat repairs and maintenance and reviewing your insurance coverage.

Factors Influencing Your Boat Insurance Policy

Whether you own a large yacht or a small fishing boat, every boat insurance policy should cater to your unique needs. Factors such as boat size, frequent locations of use, the number of passengers, and others may influence your policy. An annual review of your insurance policy is always a great idea. Life circumstances change, and your insurance coverage should evolve in tandem.

Why Consult an Insurance Agent?

Insurance can often be complex and overwhelming. That’s precisely why working with a competent agent from Midwest Professional Insurance is recommended. We keep you abreast with coverage updates, ensuring your protection is robust and up-to-date.

Contact Our Professional Agents Today

If you find yourself in need of a comprehensive review of your boat insurance in Kansas, don’t hesitate to reach out to us at Midwest Professional Insurance. We aim to provide you with a policy that instills confidence so that when the tides turn warmer, you are ready to head out with optimum protection and peace of mind.

One of the most common questions from customers at Midwest Professional Insurance is "Should I even get boat insurance?". People often avoid purchasing insurance for their watercraft as a cost-cutting measure because they don’t think they will ever have to use it. This often turns out to be a huge mistake instead of a money-saving strategy, leading to more costs. You can prevent the following three situations when you get quality boat insurance in Kansas. 

Three Situations You Can Avoid With Proper Boat Insurance 

1. Theft

Of course, an insurance policy won’t prevent theft from happening in the first place. It will ensure you are properly compensated if your watercraft is ever stolen. You would be surprised by how many individuals are left in the lurch when their boat gets stolen because they forgot to include that in their insurance quote. 

2. Medical Costs

Like a car accident, you may be liable for the other party’s medical bills if you cause a boating accident where they are injured. Accidents happen, even on small private lakes. When an accident happens on the water, it has a higher risk of being dangerous. The last thing you want is to owe a stranger thousands of dollars because they were hurt in a boating accident caused by you. 

3. Damage While in Storage

A lot of people mistakenly think their boat is safe when they store it for the winter. This is another mistake. A massive storm could come through, or a fire could happen in the storage facility, leading to huge damage costs to your watercraft. If you have a boat, it must be properly covered while it is in storage, or you could lose a lot of money. 

Call Today To Discuss Your Options

If you have purchased a boat or any other type of watercraft in Kansas, contact us at Midwest Professional Insurance for a quote. We will ensure your boat is properly covered, so you can enjoy using it with peace of mind. 

Hurricanes and other storms can be a boat owner’s worst nightmare. At Midwest Professional Insurance, we assist Kansas boat owners with their insurance coverage and offer related guidance.

Here, we’ll take a look at what you need to know about making a claim on your boat insurance following damage due to natural causes. 

Boat Insurance: Making a Claim

Reach out to your insurance company right away. 

There’s no need to try to mitigate the damage on your own before reaching out to your boat insurance company. As soon as you see damage from natural causes to your boat, you’ll want to reach out to your agency to talk with them about filing a claim. Simply getting more information doesn’t mean that you have to file a claim, and your agent will be able to advise you on smart next steps. 

Don’t move your boat. 

If your boat has been submerged or may be totaled, talk with your insurance company about the best way to move forward. Don’t sign a contract with a salvaging company before you talk with your insurance agency. 

Remove personal items.

If it’s safe to do so, remove personal items from your boat to prevent further damage. If your boat is unsafe to enter, do not attempt to remove your personal items. Report all damage to your personal items to your insurance company. 

Searching for the right boat insurance for your needs? We’re here to help. 

At Midwest Professional Insurance in Kansas, we’re here to work with you to create the right boating insurance policy for your needs. Reach out to us today or stop by to chat with one of our friendly agents and learn more about our boat insurance policies.

No matter where you live in Kansas, finding a way to beat the heat during the summer months is very important. For many, a great way that this can be done is by getting a boat, which will allow you to enjoy many fun afternoons on a lake, river, or other waterways. If you are looking for a boat here, you also need to pick a proper insurance policy.

You will need to have boat coverage for various reasons:

Ensure the Boat is Protected

An important reason for anyone to get a boat insurance plan is to ensure their watercraft is protected. There are various risks that boat owners face that could result in a loss of their assets. Fortunately, theft, vandalism, and accident damage can all be protected against if you have boat insurance with comprehensive coverage. This will give you comfort in knowing that you will be able to replace or repair your boat if a loss is incurred. 

Reduce Liability Risks

It can also be beneficial to get boat insurance as it will help reduce your liability risks. Boat owners will always take on the risk that they can cause an accident that results in damage. If this happens and you have boat insurance, you will have support to cover these costs. Having liability coverage is also frequently required if you want to use certain marinas or waterways. 

Contact Us Today

When you are going to buy a boat, you will always want to know that you are getting proper insurance for it. A great way to ensure that you are insured is by calling Midwest Professional Insurance serving the Kansas community. We at Midwest Professional Insurance know the value and complexity of this unique insurance. We will ensure you are able to understand your options and build a proper plan. 

Boat insurance is a must-have insurance plan if you have a boat, whether you use it to sail, fish, or cruise. While boat accidents aren’t as common as car accidents, they can happen, compromising your finances. Now that you have invested in boat insurance, do you have enough coverage? At Midwest Professional Insurance, we help you determine the amount of boat insurance sufficient for you.

How much liability coverage do I need?

Whether fishing or sailing in the water, you might be at fault for an accident resulting in property damage and bodily injury to others. Worse yet, you can be sued, putting your finances into a further mess. Your assets and future earnings can be at stake without adequate liability insurance. But when you have sufficient liability coverage, third-party claims don’t have to stress you. But how much liability coverage do you need?

At Midwest Professional Insurance, we usually advise our clients to maintain liability coverage of at least $500,000. But if you have fast, powerful boats, we recommend liability coverage of $1M plus. We also advise boaters to consider umbrella insurance for higher liability coverage.

How much physical damage coverage do I need?

Like car insurance, comprehensive and collision coverages in boat insurance compensates you when your boat is damaged or totaled by a covered peril. But how much coverage should you purchase? As a rule of thumb, purchase coverage adequate to replace your boat in the worst-case scenario. Consider your boat’s “replacement cost value” when insuring your boat. You get full compensation for your boat, incurring little out-of-pocket expenses.

Protect your boat today with insurance!

If you are still unsure about the amount of boat insurance you need for your boat, please get in touch with Midwest Professional Insurance. We will analyze your situation and advise the type and amount of boat insurance sufficient for you.