Boat insurance is generally a necessity, and it protects you from issues like damage from weather, fire, wrecks, and things cropping up out of the water. There are several things owners can do to make their boat policy ineffective. Our team at LG Insurance Group in Marietta, GA explains.
Some owners do nefarious things to their watercraft in an attempt to make a fraudulent insurance claim for a quick cash grab. If the company suspects or confirms that the policyholder has intentionally wrecked, set the boat on fire, sunk it, etc., they will not pay out on the policy. They will likely cancel it altogether.
Operating Your Watercraft While Under the Influence of Drugs or Alcohol
It’s tempting to want to imbibe certain vices while enjoying a day on the boat with friends, but it’s a huge no-no that can invalidate your insurance policy. Exceeding the boat’s maximum person or weight capacity can also null and void the boater’s insurance policies. These violations endanger passengers and those around the vessel, which is irresponsible.
Things That Can Result in Lapsed or Voided Policies
Certain situations that can result in either of these outcomes vary. Most often, lack of paying on time and missing multiple payments are the culprits of boat insurance lapses and subsequent policy voiding. The company will likely cancel your policy if you provide false information on your application or a claim.
Secure Boat Insurance Through LG Insurance Group in Marietta, GA
If you’re a boat owner, we can help you understand your personalized boat insurance policy to protect you, your passengers, and your watercraft. Our locally owned and operated agency covers residents across Georgia and Tennessee with boat insurance and other types of policies.