While Georgia does not require you to have boat insurance in order to register and operate your boat, your lender may require it, and there are many benefits associated with obtaining it. Here at Toney Insurance Services, providing residents in the greater Snellville, GA area with boat insurance, we highly recommend you have boat insurance. We also recommend that you review your boat insurance policy once a year.
Here are a few reasons why:
Your Boat’s Value Could Change
One of the reasons why it is important to review your boat insurance policy every year is because the value of your boat can change from year to year. In many cases, boats decline in value, but during the pandemic, boats, even used boats, rose in value. You want to ensure your policy meets your needs and covers the value of your boat.
The People Who Operate Your Boat Can Change
Another reason why it is important to review your boat insurance policy every year is that the people who operate your boat can change. Your child may have reached legal driving age or you may have gotten married and have a new spouse you want to include as covered operators on your policy.
Your Financial Situation Can Change
Lastly, you should review your boat insurance policy every year because your financial situation can change from year to year. You may not have been able to pay a higher deductible in the past, but now, you may have more savings and may want to opt for a higher deductible to save on your policy. Or, you may have less money in savings and may want to reduce your deductible.
We Are Here To Help!
Are you looking to purchase boat insurance in the greater Snellville, GA region? Turn to Toney Insurance Services to help you find the boat insurance policy that best meets your needs. Call us now to schedule an appointment to discuss different boat insurance policies or to get answers to the questions you have in regard to boat insurance.
