On the seventh day of insurance at Christmas, I learned all about vessel insurance

“On the seventh day of Christmas, my true love gave me seven swimming swans, six geese one egg, five gold rings, four collie birds, three French hens, two turtledoves, and a partridge in a pear tree.”

After a few hard days I decided to take a break with a trip to the lake. I know it’s December and cold, but I can still relax and watch for fish bites. I loaded up the boat and headed to the lake, ready to enjoy my free time. It was a great day my true love gave me seven swans while we were on the lake and we let them swim and enjoy the view along with us.

Anyone who has ever been on the lake knows how fun and relaxing it can be, just make sure you are well covered. If your boat is slightly larger than a rowboat, you should consider watercraft coverage. Personal watercraft coverage is easy to purchase and is relatively inexpensive.

Here are some things to consider when purchasing insurance for your boat. Make sure you choose to have fuel leakage and wreckage removal liability. I know this is not something anyone wants to happen on the lake, but in the event of an accident, and if your boat sinks in that accident, you are responsible for removing the boat from the bottom of the lake. It’s not okay to just leave it at that. You will be fined if you try. In addition, you are responsible for all the fuel and oil that have now polluted the lake. Cleanup can be expensive, especially if the lake is very deep, which is why you’ll want to make sure your insurance will cover the cost.

Today I will not go water skiing, but I always have a water sports liability insurance on my policy.

Another valuable cover that can really put your mind at ease is towing on the water. Breakdown on the water is not the same as breakdown on the side of the road. Being stuck in the middle of the lake is not much fun. It’s nice to know you have coverage for the cost of being towed back to the marina. Maybe that fun day at the lake didn’t go quite the way you’d like, but it sure could have been a lot worse.

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Call your insurance agent if you have any questions.