Category: Boat/Watercraft Insurance

Sailing dinghies offer a practical and enjoyable way to experience the thrill of the wind and waves. However, it is crucial not to overlook the potential importance of insurance in the waterways around Kansas City, MO. Although a boat insurance policy may not be expected, it often becomes necessary.

Damage Coverage: Optional but Recommended

For many sailing dinghies, particularly older ones, insurance coverage against damage might not be absolutely necessary. These boats often aren’t worth much, and an insurance claim would likely pay a small sum if a low-cost dinghy were damaged or stolen. However, if you have a brand new or high-performance sailing dinghy, you may indeed want coverage against damage. Our knowledgeable insurance agents at Rich Insurance Agency LLC can help you make this determination.

Liability Coverage: Essential for Peace of Mind

While coverage against damage can be optional, liability coverage is almost certain to be a must-have. It provides protection if your boat causes injury to others—there’s always at least some potential risk of head injury, other injury, or even drowning when sailing. Equally, liability coverage provides protection against potential damage to other boats or docks.

Acquiring liability coverage largely depends on your existing home insurance policy. Many policies contain personal liability coverage, some of which extends to operating small boats. Whether coverage is extended depends on the specifics of your home insurance policy and the size of your sailing dinghy.

If your home insurance policy extends protection to include your sailing activities, you might not need separate liability coverage. However, if it excludes sailing your boat, securing sailing liability coverage through a separate boat insurance policy is advisable.

Securing Adequate Coverage for Peace of Mind on the Water

Our team at Rich Insurance Agency LLC is here to help you navigate through the intricacies of insurance coverage for your sailing dinghy. We can help determine whether you need boat insurance and what coverages to obtain if you do. Contact us today to speak to an agent and gain peace of mind for your water adventures.

If you’re a boater in Kansas City, MO, you may be wondering what kind of insurance you need and what insurance options are best for you. Rich Insurance Agency LLC wants to help you understand your options and choose the one that is right for your situation. Boat insurance may not seem necessary to many boaters, but it can be more useful than you may realize.

Who Needs Boat Insurance?

In Missouri, boaters need to be aware of what boat insurance they need to operate securely. In Missouri, boat insurance is not a legal requirement, but that doesn’t mean that boaters don’t need it in the case of an accident. You never know what could happen, not only based on your own actions but on the actions of others. Thus, you really want to consider the possible ramifications of operating a boat without insurance.

Boat Insurance Options

There are many options you can choose from once you have determined you need boat insurance. Boat insurance can cover a huge range of issues. For example, if you are in an accident, have your boat stolen, or experience damage from natural issues like fire.  It can cover your boat itself, but it can also cover damage inflicted on other boats or property. Plus, you can have liability coverage that will also pay expenses based on damage to another person. Other useful policy options include medical payments coverage, uninsured watercraft coverage, and more. When considering what type of insurance you want, you have to think about your situation, limitations, and needs to determine what is good for you.

Boaters Insurance for You

Insurance policies can be quite varied, which is why it helps to discuss your insurance needs with a diligent insurance expert at Rich Insurance Agency, LLC. One of our agents will gladly help those in Kansas City, MO and across the state. You can reach out to us to get started on your boat insurance journey by calling us today. 

Missouri boasts numerous lakes and rivers, making it a popular destination for boating enthusiasts. But what are the insurance requirements for boat owners in the Show-Me State, and what exactly qualifies as a boat? Here at Rich Insurance Agency LLC, providing boat insurance in the greater Kansas City, MO region, we want to help answer all of your boat insurance questions.

Do You Need Boat Insurance in Missouri?

Missouri law doesn’t mandate boat owners to carry insurance for their vessels. However, while it’s not a legal requirement, insurance is a prudent choice for boat owners. Boat insurance can protect you from the financial repercussions of accidents, damage, and liability claims.

What Qualifies as a Boat?

In Missouri, a boat is generally defined as a watercraft used or capable of being used as a means of transportation on water, except for seaplanes. This definition encompasses a wide range of watercraft, including motorboats, sailboats, canoes, kayaks, jet skis, and even paddleboards. If your vessel is used or could be used for transportation on water, it likely qualifies as a boat in Missouri.

Consult With Us

Boat insurance is not legally required in Missouri, but it offers important protection for boat owners. Understanding what qualifies as a boat in Missouri is essential, as it encompasses various types of watercraft. Whether you have a small kayak or a large motorboat, boat insurance can be a valuable safety net, providing coverage for accidents, damage, and liability claims. If you’re looking to insure a boat in the greater Kansas City, MO area, the team at Rich Insurance Agency LLC would love to assist you. Call us now to schedule an appointment with one of our insurance agents. 

If you own a boat, there are a lot of risks that exist with it. There are many boating accidents every year, and people and property can get damaged. As a boat owner, you need to protect yourself from a number of these risks. Boat insurance works much like auto insurance in many ways. There are different types of coverage that are all wrapped up in one policy. When you don’t have boat insurance, call us at Rich Insurance Agency LLC in Kansas City, MO.

Liability Boat Coverage

When you’re out on the water, an accident with another watercraft can happen. Boating accidents are common, and you need to be financially protected in case this happens. When you’re judged as being at fault for the accidents, you will be liable for costs like medical bills for the injured party and damage to the craft and personal belongings. The minimum boat coverage you should have is liability protection. This means coverage for both personal injury liability and property damage liability. When you have this coverage, you can go boating with more confidence and peace of mind. 

Other Boat Coverage

There are also other types of boat coverage that you may want to have. When you have liability coverage only, it doesn’t cover any of your own damages. To cover damage to your own property in an accident, you need collision coverage. When boating, your boat may not just get damaged, it can also sink. Your insurance can pay for a boat replacement to help save you from having to pay for a new boat by yourself. 

Get Your Boat Insurance Policy

Don’t go boating without insurance coverage. To find out more about boat insurance and to get started with a policy, call us at Rich Insurance Agency LLC in Kansas City, MO.

With summer fast approaching, it’s important for Kansas City, MO residents to take the time to ensure they have the information they need to stay safe while boating. Those of us here at the Rich Insurance Agency LLC would like to share with you our top tips for summer boat safety.

Tips to Keep You Safe on the Water This Summer

Keep Safety Equipment Onboard

One of the best things you can do to stay safe on the open water is to ensure that you have the appropriate gear aboard your boat. Equally as important, take a moment to make sure your passengers know what equipment is available and where you keep it. This includes things like life jackets, buoys, and flares.

Drink Responsibly

Just as you would never drink and drive your car, you should never consume alcohol while behind the wheel of your boat. If you plan to drink on the water, be sure that there is a designated person that will remain sober and is able to drive the boat back to the dock at the end of the day.

Make Sure You Have the Right Insurance Coverage

Should an accident occur while on the water, it’s vital that you have a boat insurance policy in place. Similar to car insurance, this will help to repair or replace your boat after an accident and may even help cover other damages and injuries caused by the crash.

Need to Insure Your Boat? Call the Rich Insurance Agency LLC Today!

If you live in the Kansas City, MO area and are looking for the boat insurance policy that’s right for you, our team can help! We can do the leg work for you by comparing plans and pricing so you can get back to enjoying your boat faster. Contact us today to get started!

Are you a boating enthusiast? Do you live in the Kansas City, MO area? If so, Rich Insurance Agency LLC can provide the insurance coverage necessary to keep your boat or watercraft protected.

Why Boat Insurance 

Even though you probably won’t use your boat for the entire year, it is a good idea to keep it insured year-round. While it is in storage, it will be protected against theft, hail damage, or any other covered hazard. When you are ready to get back on the water, you will not need to reactivate your policy.

There are two basic types of boat insurance coverage – actual cash value and agreed value. How the depreciation is handled determines which type of policy is written.

• An agreed value policy will cover the boat based on its value when the policy is written.
• An actual cash value policy costs less initially, but factors in depreciation. The policy will reimburse up to the actual cash value of the boat at the time it is declared a partial or total loss.

Your homeowner’s insurance policy will cover your watercraft, but only on a very limited basis, with lower limits and many liability restrictions. In order to adequately protect your boat, a separate insurance policy is recommended.

There are some things that a boat insurance policy will not cover, such as wear and tear or corrosion, damage caused by mold or animals, such as birds, insects, and rodents, mechanical breakdown, and lack of maintenance.

Give Us A Call

If you are a boat owner and live in Kansas City, MO, make sure your boat or watercraft is properly insured. Rich Insurance Agency LLC can provide a quote or answer any questions you may have. Contact us today. You will be glad you did.