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 protect your boat or watercraft.
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 return to 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 kind of policy is written.
The annual average cost of boating insurance is $200 to $500. However, insurance can cost around 1-5% of the boat’s total value for a very large or expensive craft. In other words, you could pay approximately $2500 annually to insure a $100,000 yacht.
Your homeowner’s insurance policy will cover your watercraft, but only on a very limited basis, with lower limits and many liability restrictions. 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.
If you are a boat owner and live in Missouri, ensure your boat or watercraft is adequately insured. The Rich Insurance Agency LLC can provide a quote or answer any questions. Contact our office today. You will be glad you did.
"I had the pleasure of working Jeremy who was very customer service focused. Jeremy listened to me and worked very hard to get my the insurance coverage that I needed for our business. He researched many options and made sure at the end I had the best coverage that worked for my price range and had the benefits that I needed!"
"Matt and his team are amazing at what they do. Customer service is hands down the best that I have experienced with any insurance agency. I am extremely satisfied with how they handle my insurance needs. I have and will recommend them to my friends and family!"
"Unfortunately my daughter had an auto accident.We called Matt Rich with Farmers insurance agency and they were immediately there for us and actually walked us through the entire process step by step. I would highly recommend this agency or any of your insurance needs. Very much appreciated this was our first official accident and over 40 years of driving.. Their customer service and follow up is impeccable."
"Provided us service quickly and did the best they could to offer the best coverage and the best rates. We’re grateful. Very professional and kind. Jeremy treated us like family."
"Team does a nice job! Very responsive to all my needs or questions and easy to get a hold of. Calls to talk through annual renewals. Would recommend using them."