One of the most important things you need to take care of when owning a boat is making sure you have proper insurance coverage. Insure the Lake realizes that many people may not understand the important aspects of boat insurance coverage at the Lake of the Ozarks. So this week, we've decided to share some important information you need to know when deciding on a boat insurance policy at the Lake of the Ozarks.
When you're looking into a boat insurance policy at the Lake of the Ozarks, you want to make sure the following items are covered: coverage for the boat, engine, boating equipment, dinghies, and trailer. You also need to look into medical payments coverage for onboard injuries and liability coverage for any property damage or bodily injury you may be legally responsible for. Keep in mind that not all boat insurance policies will cover these items, so it's important to discuss with your Lake of the Ozark insurance agent anything that may be missing from your coverage and see if there are any additional options available to make sure your boat and equipment are properly covered.What does "Actual Cash Value" and "Agreed Value" mean?

Are other people NOT listed on the policy covered in the event of an accident?
The answer is two-fold. Yes, if someone is operating the boat with your permission and not being compensated to do so, they are covered under the conditions of the policy. However, if you rent or lease the boat out to someone, then the policy coverage does not apply. If you hire someone to "captain" the boat for you, liability coverage is not provided for them. Basically if your boat is being used for commercial purposes, you more than likely will run into the risk of an incident not being covered under your boat insurance policy. If you use your boat for commercial purposes, it's important to speak to your insurance agent at the Lake of the Ozarks about proper coverage.Now that you have a better understanding of boat insurance coverage at the Lake of the Ozarks, you'll be well on your way to getting out on the Lake this summer and feeling confident that if an incident does occur on the water, you'll be taken care of. From your boat and vehicle, to your home and business, we've got you covered. For all of your insurance needs, contact the best insurance agent at the Lake of the Ozarks!
Request a Free Quote Online! Contact Insure the Lake today for all your Lake of the Ozarks insurance needs!

Steve Naught, CIC
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral
T: 573-348-2794
F: 573-348-0191
stnaught@naught-naught.com
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